2025 Sustainability Report

Certain statements contained in this report contain forward-looking information within the meaning of applicable securities laws in Canada (“forward-looking information.") The purpose of the forward-looking information is to provide management’s expectations regarding results of operations, performance, business prospects and opportunities, and it may not be appropriate for other purposes. All forward-looking information is given pursuant to the safe harbour provisions of applicable Canadian securities legislation.

The forward-looking information in this report includes, but is not limited to, FortisBC’s expectation that DSM initiatives have led to otherwise lower energy consumption and emissions; FortisBC’s expectation to increase the supply of Renewable Natural Gas (RNG)¹ and lower carbon gases in its system, including the expected timeframe and effect of completion of commissioning of the City of Vancouver Biogas Facility and the anticipated effect of acquisitions of RNG from new projects, including the anticipated reduction of the capital region’s GHG emissions from the Hartland RNG Facility; FortisBC’s investments in DSM and related energy savings and its plan to invest $4.9 billion² in gas and electricity infrastructure from 2026 to 2030, including metering system modernization; innovations and investments in the supply of lower carbon energy, including the additional energy supply expected to be provided from the Call for Power Request for Expression of Interest; reliability and integrity projects; efficient gas technologies; lower carbon vehicles and infrastructure; electrification of transportation; use, storage and development of LNG, including the expected additional LNG storage from the Okanagan Capacity Mitigation Project and expected in-service date and impact of the new Tilbury Phase 2 LNG expansion project; FortisBC’s relationship with Indigenous Peoples; FortisBC’s intention to maintain and strengthen the diversity of FortisBC’s workforce; and FortisBC’s safety practices.

The forward-looking information reflects management’s current beliefs and is based on assumptions developed using information currently available to FortisBC’s management. Although FortisBC believes that the forward-looking statements are based on information and assumptions that are current, reasonable and complete, these statements are necessarily subject to a variety of risks and uncertainties. For additional information on risk factors that have the potential to affect FortisBC, reference should be made to FortisBC’s continuous disclosure materials filed from time to time with Canadian securities regulatory authorities and to the heading “Business Risk Management” in FortisBC’s annual and quarterly management discussion and analysis. Except as required by law, FortisBC undertakes no obligation to revise or update any forward-looking information as a result of new information, future events or otherwise after the date hereof.

All forward-looking information in this report and the information incorporated in this report by reference is qualified in its entirety by this cautionary statement.

¹Renewable Natural Gas (also called “RNG”) is produced from biogas at dedicated RNG production facilities. Biogas is derived from decomposing organic waste at landfills or agricultural and other organic waste such as wastewater from treatment facilities. The biogas is captured, upgraded and processed to create RNG that is added to existing energy infrastructure. This means we’re unable to direct RNG to a specific customer. However, because RNG displaces conventional natural gas, the more RNG that is added to the gas system, the less conventional natural gas is used.

²Figures represent the combined five-year capital total in each year’s FEI and FBC five-year business plan.