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Fortis and Teck Announce Waneta Dam Agreement

VANCOUVER, BRITISH COLUMBIA and ST. JOHN’S, NEWFOUNDLAND AND LABRADOR–(Marketwired – May 12, 2017) – Fortis Inc. (“Fortis”), (TSX/NYSE:FTS) and Teck Resources Limited (“Teck”), (TSX: TECK.A and TECK.B, NYSE: TECK) today announced an agreement under which Fortis will purchase Teck’s two-thirds interest in the Waneta Dam and related transmission assets in British Columbia, Canada, for $1.2 billion cash.