HispanicBusiness

4. COMMON SHARES

Common shares issued during the period were as follows:                                                               Quarter Ended                                                              March 31, 2013                                                   Number of                                                      Shares          Amount                                              (in thousands)    ($ millions)----------------------------------------------------------------------------Balance, beginning of period                         191,566           3,121  Dividend Reinvestment Plan                             563              19  Consumer Share Purchase Plan                             9               -  Employee Share Purchase Plan                           146               5  Stock Option Plans                                     192               4----------------------------------------------------------------------------Balance, end of period                               192,476           3,149--------------------------------------------------------------------------------------------------------------------------------------------------------

As at March 31, 2013, Fortis had 18.5 million Subscription Receipts outstanding, which were issued by the Corporation in June 2012 to finance a portion of the pending acquisition of CH Energy Group (Note 1). The Subscription Receipts began trading on the Toronto Stock Exchange on June 27, 2012 under the symbol "FTS.R".

Each Subscription Receipt will entitle the holder thereof to receive, on satisfaction of the release conditions, and without payment of additional consideration, one common share of Fortis and a cash payment equal to the dividends declared on Fortis common shares during the period from June 27, 2012 to the date of issuance of the common shares in respect of the Subscription Receipts to holders of record (Note 19).

5. NON-CONTROLLING INTERESTS

                                                                       As at                                                   March 31,    December 31,($ millions)                                            2013            2012----------------------------------------------------------------------------Waneta Expansion Limited Partnership ("Waneta Partnership")                                  242             220Caribbean Utilities                                       72              71Mount Hayes Limited Partnership                           12              12Preference shares of Newfoundland Power                    7               7----------------------------------------------------------------------------                                                         333             310--------------------------------------------------------------------------------------------------------------------------------------------------------

6. STOCK-BASED COMPENSATION PLANS

In January 2013 8,497 Deferred Share Units ("DSUs") were granted to the Corporation's Board of Directors, representing the first quarter equity component of the Directors' annual compensation and, where opted, their first quarter component of annual retainers in lieu of cash. Each DSU represents a unit with an underlying value equivalent to the value of one common share of the Corporation.

In March 2013 66,978 Performance Share Units ("PSUs") were paid out to the President and Chief Executive Officer ("CEO") of the Corporation at $33.59 per PSU, for a total of approximately $2 million. The payout was made upon the three-year maturation period in respect of the PSU grant made in March 2010 and the President and CEO satisfying the payment requirements, as determined by the Human Resource Committee of the Board of Directors of Fortis.