Fortis (FTS) said Monday it plans to offer up to 500 million Canadian dollars ($352.9 million) of its common shares to the public from time to time under a renewed at-the-market equity program.

The company said the program, which provides it with additional financing flexibility for capital expenditures, will be in place until Jan. 10, 2027.

Fortis said prices may vary among buyers as the shares will be distributed at the prevailing market price at the time of the sale.