Financial Highlights Quarterly Earnings & Dividends Paid per Common Share Annual Comparison (Dollars in Millions) 2001 2000 Operating revenues 628.3 580.2 Earnings applicable to common shares 53.4 36.8 Total assets 1,624.8 1,478.6 Common shareholders’ equity 448.9 412.1 Cash from operations  (2) 120.7 79.1 (1) (1) (1) Amounts restated to reflect results of discontinued operations of Fortis Trust. (2) Before working capital adjustments. (1) Quarterly earnings for 2000 have been restated for Belize Electricity. (Dollars in Millions) 2001 2000 Quarter Ended Earnings Dividends Earnings Dividends March 31 1.03 0.46 0.80 0.46 June 30 1.11 0.47 0.81 0.46 September 30 0.79 0.47 0.46 0.46 December 31 0.66 0.47 0.65 0.46 Annual Totals 3.59 1.87 2.72 1.84 (1) (1) (1) (1) 1.00 2.00 5.00 3.00 4.00 Fortis Inc. Earnings and Dividends Declared $ per common share $ Year 92 93 94 95 96 97 98 99 00 01 Dividends Declared Earnings 50 100 150 200 250 350 300 Fortis Gas & Utilities Index TSE 300 Index Cumulative Total Return Investment of $100 made on  December 31, 1991 $ $ Year 91 92 93 94 95 96 97 98 99 00 01