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.
| Country | Canada |
| Founded | 1885 |
| Industry | Utilities - Regulated Electric |
| Sector | Utilities |
| Employees | 9,200 |
| CEO | David Hutchens |
Contact Details
Address: Fortis Place, Suite 1100 Saint John's, NF A1E 0E4 Canada | |
| Phone | 709 737 2800 |
| Website | fortisinc.com |
Stock Details
| Ticker Symbol | FTS |
| Exchange | NYSE |
| Fiscal Year | January - December |
| Reporting Currency | CAD |
| CIK Code | 0001666175 |
| CUSIP Number | 349553107 |
| ISIN Number | CA3495531079 |
| Employer ID | 98-0352146 |
| SIC Code | 4911 |
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 R. Lochray | Senior Vice President of Capital Markets and Business Development |
| Kevin D. Woodbury | Vice President of Innovation and Technology |
| Keri L. Glitch | 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 |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| Oct 10, 2024 | SC 13G/A | [Amend] Statement of acquisition of beneficial ownership by individuals |
| Oct 10, 2024 | SC 13G | Statement of acquisition of beneficial ownership by individuals |
| Oct 7, 2024 | 6-K | Report of foreign issuer |
| Sep 26, 2024 | 6-K | Report of foreign issuer |
| Aug 2, 2024 | S-8 | Securities to be offered to employees in employee benefit plans |
| Jul 31, 2024 | 6-K | Report of foreign issuer |
| Jul 31, 2024 | 6-K | Report of foreign issuer |
| Jul 31, 2024 | 6-K | Report of foreign issuer |
| Jul 2, 2024 | 6-K | Report of foreign issuer |
| Jun 11, 2024 | 6-K | Report of foreign issuer |