FortisAlberta Inc. filed a short form prospectus for the potential sale of up C$500 million of its medium-term note debentures from time to time.
The securities will bear interest at a fixed or floating rate and will be issuable in denominations of C$1,000 and multiples thereof, according to the filing.
The Fortis Inc. subsidiary plans to use net proceeds from any sale of the securities for general corporate purposes, including repayment of existing debts and financing its CapEx program, and working capital requirements.
TD Securities Inc., RBC Dominion Securities Inc., Scotia Capital Inc., CIBC World Markets Inc., BMO Nesbitt Burns Inc., HSBC Securities (Canada) Inc., National Bank Financial Inc., and Casgrain & Co. Ltd. will serve as dealers.
