EX-FILING FEES
Calculation of Filing Fee Tables
Form F-10
(Form Type)
FORTIS INC.
(Exact Name of Registrant as Specified in its Charter)
Table 1: Newly Registered Securities
| | Security
Type | Security Class Title | Fee
Calculation
Rule or
Instruction | Amount
Registered | Proposed Maximum
Offering Price Per
Unit | Maximum Aggregate
Offering Price | Fee Rate | Amount of
Registration Fee |
| Fees to Be Paid | Equity | Common Shares | 457(o) | (1)(2) | (1)(2) | - | US$110.2 per US$1,000,000 | - |
| Equity | First Preference Shares | (1)(2) | (1)(2) | - | - |
| Equity | Second Preference Shares | (1)(2) | (1)(2) | - | - |
| Other | Subscription Receipts | (1)(2) | (1)(2) | - | - |
| Debt | Debt Securities | (1)(2) | (1)(2) | - | - |
| Fees Previously Paid | - | - | - | - | - |
| | Total Offering Amounts | - | US$1,494,200,000(3) | - | US$164,660.84 |
| | Total Fees Previously Paid | - | - | - | - |
| | Total Fee Offsets | - | - | - | US$164,660.84(4) |
| | Net Fee Due | - | - | - | US$0(4) |
(1) There are being registered under this Registration Statement such indeterminate number of common shares, first preference shares, second preference shares, subscription receipts and debt securities of the Registrant, including an indeterminate number of such securities that may be issued upon conversion or exchange of subscription receipts or debt securities, as shall have an aggregate initial offering price not to exceed C$2,000,000,000. Any securities registered by this Registration Statement may be sold separately or as units with other securities registered under this Registration Statement. The proposed maximum initial offering price per security will be determined, from time to time, by the Registrant in connection with the sale of the securities under this Registration Statement.
(2) Includes securities that are to be offered outside the United States but may be resold from time to time in the United States in transactions subject to registration under the Securities Act of 1933, as amended (the “Securities Act”).
(3) Estimated solely for the purpose of calculating the amount of the registration fee pursuant to Rule 457(o) under the Securities Act and based on a maximum aggregate offering price of C$2,000,000,000 and the Bank of Canada daily exchange rate on November 18, 2022 of US$0.7471 per C$1.00.
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(4) See footnote (1) to Table 2 below.
Table 2: Fee Offset Claims and Sources
| | Registrant
or Filer
Name | Form or
Filing Type | File Number | Initial
Filing
Date | Filing
Date | Fee Offset Claimed | Security
Type
Associated
with Fee
Offset
Claimed | Security
Title
Associated
with Fee
Offset
Claimed | Unsold
Securities
Associated
with Fee
Offset
Claimed | Unsold
Aggregate
Offering Amount
Associated with
Fee Offset
Claimed | Fee Paid with Fee
Offset Source |
| Rules 457(b) and 0-11(a)(2) |
| Fee Offset Claims | | | | | | | | | | | |
| Fee Offset Sources | | | | | | | | | | | |
| Rule 457(p) |
| Fee Offset Claims | Fortis Inc. | F-10 | 333-250996 | November 27, 2020 | | US$164,660.84(1) | (2) | (2) | (3) | US$1,528,800,000 | |
| Fee Offset Sources | Fortis Inc. | F-10 | 333-250996 | | November 27, 2020 | | | | | | US$66,796.43(1)(4) |
| Fortis Inc. | F-10 | 333-228593 | | November 29, 2018 | | | | | | US$71,774.88(1)(4) |
| Fortis Inc. | F-10 | 333-214787 | | November 23, 2016 | | | | | | US$26,089.53(1)(4) |
(1) The Registrant previously paid US$166,792.08 in registration fees (of which the Registrant transferred funds in the amount of US$66,796.43 and used offsets for the balance of the fees in the amount of US$99,994.95) with respect to the Registration Statement on Form F-10 (File No. 333-250996) filed with the Securities and Exchange Commission (the “SEC”) on November 27, 2020, as amended on December 4, 2020 (the “2020 Registration Statement”), all of which remained unutilized and is therefore available for future registration fees pursuant to Rule 457(p) under the Securities Act. The Registrant previously paid US$227,795.40 in registration fees (of which the Registrant transferred funds in the amount of US$71,774.88 and used offsets for the balance of the fees in the amount of US$156,020.52) with respect to the Registration Statement on Form F-10 (File No. 333-228593) filed with the SEC on November 29, 2018, as amended on December 7, 2018 (collectively, the “2018 Registration Statement”), of which US$99,994.95 remained unutilized and was used to offset the total registration fees required for the 2020 Registration Statement. The Registrant previously paid US$431,032.10 in registration fees with respect to the Registration Statement on Form F-10 (File No. 333-214787) filed with the SEC on November 23, 2016, as amended on November 30, 2016 (collectively, the “2016 Registration Statement”), of which US$156,020.52 remained unutilized and was used to offset the total registration fees required for the 2018 Registration Statement. As the total registration fee required for this Registration Statement is US$164,660.84, taking into consideration the available offset of US$166,792.08 from the 2020 Registration Statement, the Registrant has accordingly transmitted US$0 otherwise due under this Registration Statement.
(2) An indeterminate amount of securities to be offered at indeterminate offering prices not to exceed C$2,000,000,000 was registered pursuant to this registration statement.
(3) The Registrant has terminated or completed any offerings that included the unsold securities under the 2020 Registration Statement.
(4) The contemporaneous fee payment made with the 2020 Registration Statement was US$66,796.43, the contemporaneous fee payment made with the 2018 Registration Statement was US$71,774.88, and the contemporaneous fee payment made with the 2016 Registration Statement was US$431,032.10. As the contemporaneous fee payment made with the 2020 Registration Statement is less than the offset being claimed, the remainder of the claimed offset for this registration statement can be traced to the 2018 Registration Statement and the 2016 Registration Statement.
