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Fortis Inc. (FTS.TO)

36.20 Up 0.45(1.24%) Feb 12, 4:00PM EST
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Fortis Inc.
Fortis Place
Suite 1100
St. John's, NF A1B 3T2
Canada - Map
Phone: 709-737-2800
Fax: 709-737-5307

Index Membership:N/A
Industry:Electric Utilities
Full Time Employees:10,000

Business Summary 

Fortis Inc. operates as an electricity and natural gas distribution utility for residential, commercial, and industrial markets in Canada, the United States, and the Caribbean. The company generates, transmits, and distributes electricity in southeastern Arizona, including the greater Tucson metropolitan area in Pima County, and parts of Cochise County with an aggregate capacity of 2,746 megawatts (MW), including 53 MW of solar capacity; owns minimal gas-fired and hydroelectric generating capacity totalling 64 MW; and sells wholesale electricity to other entities in the western United States. It also owns and operates the electricity distribution system in southern and central Alberta; owns 4 hydroelectric generating facilities with a combined capacity of 225 MW; provides operation, maintenance, and management services to hydroelectric plants; and distributes electricity in the island portion of Newfoundland and Labrador, and Prince Edward Island. In addition, the company generates electricity in Grand Cayman, Cayman Islands; Turks and Caicos Islands; and Belize. Further, the company distributes natural gas in British Columbia, such as Lower Mainland, Vancouver Island, Sunshine Coast, Whistler, and Interior of British Columbia; and Mohave, Yavapai, Coconino, Navajo, and Santa Cruz counties in Arizona. It serves approximately 3 million customers. Additionally, the company operates non-regulated generation assets in Belize, British Columbia, Upstate New York, and Ontario; and owns and operates 23 hotels comprising 4,400 rooms in 8 Canadian provinces, and approximately 2.8 million square feet of commercial office and retail space primarily in Atlantic Canada. Fortis Inc. was founded in 1977 and is headquartered in St. John's, Canada.

Key Statistics

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Key Executives 
Mr. Barry V. Perry , 51
Chief Exec. Officer and Pres
Mr. Karl W. Smith CA, (B.Comm),
Chief Financial Officer and Exec. VP
Mr. John C. Walker B.Sc., MBA,
Exec. VP of Western Canadian Operations, Director of Fortis Properties Corp. and Director of Maritime Electric Company Limited
Mr. Earl A. Ludlow P.Eng., (B.Eng, MBA), 59
Exec. VP of Eastern Canadian and Caribbean Operations
Ms. Janet Anne Craig ,
VP of Investor Relations
Amounts are as of Dec 31, 2014 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in CAD.