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FortisAlberta Inc., a wholly-owned subsidiary of Fortis Inc., completed a CDN$400 million public offering consisting of $200 million aggregate principal amount of 5.33% Series 04-1 senior unsecured debentures due October 31, 2014 and $200 million aggregate principal amount of 6.22% Series 04-2 senior unsecured debentures due October 31, 2034. The net proceeds of the offering were used principally to repay certain short-term indebtedness incurred by FortisAlberta Inc. in connection with its acquisition by Fortis Inc. on May 31, 2004. 

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2004