Newfoundland Power Inc.: Electricity Rates for Customers Expected to Decrease Effective July 1, 2013

Yesterday, Newfoundland Power Inc. (TSX:FTS) received a ruling on its 2013-2014
general rate application ("GRA") from the Newfoundland and Labrador Board of
Commissioners of Public Utilities ("PUB"). Today, Newfoundland Power outlined
the expected impact of this ruling on its customers' electricity rates. 


"It will take several days to determine the detailed impact of this ruling,"
said Earl Ludlow, President and Chief Executive Officer, Newfoundland Power Inc.
"However, based on our initial review, we expect that customer electricity rates
will, on average, decrease by approximately 3% on July 1, 2013."


The impact of yesterday's PUB ruling will result in an overall increase of
approximately 5% in electricity rates on July 1, 2013. Last week, a proposed
decrease of approximately 8% in electricity rates on July 1, 2013, was announced
due to the operation of the annual Rate Stabilization Plan. When combined, it is
expected that Newfoundland Power's customer electricity rates will be, on
average, approximately 3% lower on July 1, 2013.


The actual amount of the decrease will vary for individual customers depending
on their class of service and the amount of electricity used. For the Company's
residential customers, electricity rates are expected to be approximately 2%
lower on July 1, 2013.


The PUB ruled that for the purposes of setting customer electricity rates, the
Company's capital structure would remain at 45% common equity with an allowed
return on equity of 8.8% for 2013 through 2015. 


"We remain committed to helping our customers save energy and save money with
enhanced programs, tools and practical tips with our energy efficiency
partnership with Newfoundland and Labrador Hydro, takeCHARGE - Saving Energy
Starts Here!," concluded Ludlow. 


Visit newfoundlandpower.com to review the PUB ruling regarding Newfoundland
Power's 2013-2014 GRA.


With a customer base of over 252,000 accounts, Newfoundland Power Inc. is
committed to safety and dedicated to providing the highest level of customer
service and reliability of electricity in the most cost-efficient manner
possible. For more information on Newfoundland Power's programs, services and
community partnerships, please visit www.newfoundlandpower.com. All of the
common shares of Newfoundland Power Inc. are owned by Fortis Inc.


Fortis Inc. is the largest investor-owned distribution utility in Canada, with
total assets of approximately $15 billion and fiscal 2012 revenue totaling $3.7
billion. The Corporation serves more than 2,000,000 gas and electricity
customers. Its regulated holdings include electric distribution utilities in
five Canadian provinces and two Caribbean countries and a natural gas utility in
British Columbia, Canada. Fortis inc. owns and operates non-regulated generation
assets across Canada and in Belize and Upstate New York. It also owns hotels and
commercial office and retail space in Canada. Fortis Inc. shares are listed on
the Toronto Stock Exchange and trade under the symbol FTS.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Bob Pike
Manager, Corporate Relations,
Newfoundland Power Inc.
Cellular: (709) 685-4242

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