04:11 PM EST, 12/09/2024 (MT Newswires) -- Fortis ( FTS ) said Monday it plans to offer up to 500 million Canadian dollars ($352.9 million) of its common shares to the public from time to time under a renewed at-the-market equity program.

The company said the program, which provides it with additional financing flexibility for capital expenditures, will be in place until Jan. 10, 2027.

Fortis ( FTS ) said prices may vary among buyers as the shares will be distributed at the prevailing market price at the time of the sale.