Stocks in play: Fortis Inc.
Today announced it has entered into a definitive agreement with Columbia Power Corporation ("CPC") and Columbia Basin Trust ("CBT") to sell its 51% interest in the Waneta Expansion Hydroelectric Project in British Columbia ("Waneta Expansion") for approximately $1 billion. CPC and CBT are currently partners with the Corporation and together own 49% of the Waneta Expansion. Fortis Inc. shares T.FTS are trading up $0.03 at $46.35.