Fortis Inc. (FTS)
NYSE: FTS · Real-Time Price · USD
44.82
+0.12 (0.27%)
Nov 21, 2024, 4:00 PM EST - Market closed

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.
Fortis logo
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
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
Regan P. O'Dea Vice President and General Counsel

Latest SEC Filings

Date Type Title
Nov 5, 2024 6-K Report of foreign issuer
Nov 5, 2024 6-K Report of foreign issuer
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