Fortis Inc. (TSX: FTS)
Canada flag Canada · Delayed Price · Currency is CAD
-0.07 (-0.13%)
May 17, 2024, 3:59 PM EDT

Fortis Company Description

Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries.

It generates, transmits, and distributes electricity to approximately 447,000 retail customers in southeastern Arizona; and 103,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,408 megawatts (MW), including 68 MW of solar capacity and 250 MV of wind capacity.

The company also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectric generating capacity totaling 65 MW; and distributes natural gas to approximately 1,087,000 residential, commercial, and industrial customers in British Columbia, Canada.

In addition, it owns and operates the electricity distribution system that serves approximately 592,000 customers in southern and central Alberta; owns four hydroelectric generating facilities with a combined capacity of 225 MW; and provides operation, maintenance, and management services to five hydroelectric generating facilities.

Further, the company distributes electricity in the island portion of Newfoundland and Labrador with an installed generating capacity of 145 MW; and on Prince Edward Island with a generating capacity of 90 MW.

Additionally, it provides integrated electric utility service to approximately 69,000 customers in Ontario; approximately 275,000 customers in Newfoundland and Labrador; approximately 34,000 customers on Grand Cayman, Cayman Islands; and approximately 17,000 customers on certain islands in Turks and Caicos.

It also holds long-term contracted generation assets in Belize consisting of 3 hydroelectric generating facilities with a combined capacity of 51 MW; and the Aitken Creek natural gas storage facility.

It also owns and operates approximately 90,500 circuit Kilometers (km) of distribution lines; and approximately 51,600 km of natural gas pipelines.

Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.

Fortis Inc.
Country Canada
Founded 1885
Industry Utilities - Regulated Electric
Sector Utilities
Employees 9,200
CEO David Gerard Hutchens

Contact Details

Fortis Place
St. John's, NF A1E 0E4
Phone 709 737 2800

Stock Details

Ticker Symbol FTS
Exchange TSX
Fiscal Year January - December
Reporting Currency CAD
ISIN Number CA3495531079

Key Executives

Name Position
David Gerard Hutchens President, Chief Executive Officer and Director
Jocelyn H. Perry Executive Vice President and Chief Financial Officer
Gary J. Smith Executive Vice President of Operations and Innovation
James R. Reid Executive Vice President of Sustainability and Chief Legal Officer
Stuart I. Lochray Senior Vice President of Capital Markets and Business Development
Kevin D. Woodbury Vice President of Innovation and Technology
Ronald J. Hinsley Chief Information Officer and Vice President
Stephanie A. Amaimo Vice President of Investor Relations
Karen M. McCarthy BPR, M.Ed Vice President of Communications and Government Relations
Tanya Nicole Finlay Vice President of People and Culture