Prospectus excerpt:  This Prospectus Supplement, together with the Prospectus to which it relates, qualifies for distribution (the "Offering") 8,000,000 Cumulative Redeemable First Preference Shares, Series J (the "Series J First Preference Shares") of Fortis Inc. ("Fortis" or the "Corporation") which are being offered and sold pursuant to the provisions of an underwriting agreement (the "Underwriting Agreement") dated November 5, 2012 between Fortis and BMO Nesbitt Burns Inc. ("BMO Capital Markets"), RBC Dominion Securities Inc. ("RBC Capital Markets"), CIBC World Markets Inc. ("CIBC"), National Bank Financial Inc. ("NB Financial"), Scotia Capital Inc. ("Scotia Capital"), TD Securities Inc. ("TDSI"), Desjardins Securities Inc. ("Desjardins Securities"), HSBC Securities (Canada) Inc. ("HSBC Securities"), Beacon Securities Limited and Canaccord Genuity Corp. (collectively, the "Underwriters"). The Series J First Preference Shares will be issued and sold by Fortis to the Underwriters at the price of $25.00 (the "Offering Price") per Series J First Preference Share. The Offering Price was determined by negotiation between the Corporation and the Underwriters.

The holders of Series J First Preference Shares will be entitled to receive fixed cumulative preferential cash dividends, if, as and when declared by the board of directors of the Corporation (the "Board of Directors") at a rate of $1.1875 per share per annum, to accrue from the date of original issue, payable (other than the first dividend payment) in equal quarterly instalments of $0.2969 per share on the first day of March, June, September and December of each year commencing on March 1, 2013. Assuming an issue date of November 13, 2012, the first dividend will be payable on March 1, 2013 in the amount of $0.35137 per Series J First Preference Share.

On or after December 1, 2017, the Corporation may, at its option, upon not less than 30 days and not more than 60 days prior written notice, at any time, redeem for cash all or, from time to time, any part of the outstanding Series J First Preference Shares by the payment of $26.00 per share if redeemed before December 1, 2018, at $25.75 per share if redeemed on or after December 1, 2018 but before December 1, 2019, at $25.50 per share if redeemed on or after December 1, 2019 but before December 1, 2020, at $25.25 per share if redeemed on or after December 1, 2020 but before December 1, 2021, and at $25.00 per share if redeemed on or after December 1, 2021, plus in each case, all accrued and unpaid dividends up to but excluding the date fixed for redemption. See "Details of the Offering – Specific Provisions of Series J First Preference Shares".