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Fortis Inc. (FTS.TO)

35.04 Up 0.44(1.27%) 3:59PM EDT
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Fortis Inc.
Fortis Building
Suite 1201
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:8,206

Business Summary 

Fortis Inc. operates as an electricity and natural gas distribution utility in Canada. The company distributes natural gas to residential and commercial customers in British Columbia; owns and operates the natural gas transmission pipeline from the Greater Vancouver area across the Georgia Strait to Vancouver Island, and serves customers on Vancouver Island and along the Sunshine Coast of British Columbia; and owns and operates the natural gas distribution system in the Resort Municipality of Whistler, British Columbia. It also owns and operates the electricity distribution system in southern and central Alberta; owns 4 hydroelectric generating facilities with a combined capacity of 223 megawatts; provides operation, maintenance, and management services to hydroelectric plants; and distributes electricity on Prince Edward Island, Ontario, and the island portion of Newfoundland and Labrador. In addition, the company generates and distributes electricity in Belize, Grand Cayman, Cayman Islands; and Turks and Caicos Islands. Further, it operates non-regulated generating assets in Belize, Ontario, British Columbia, and Upstate New York State; and owns and operates 23 hotels comprising 4,400 rooms in 8 Canadian provinces, and approximately 2.7 million square feet of commercial office and retail space primarily in Atlantic Canada. The company serves approximately 2.4 million customers. Fortis Inc. was founded in 1977 and is based in St. John's, Canada.

Key Statistics

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Key Executives 
Mr. H. Stanley Marshall , 64
Chief Exec. Officer and Director
Mr. Barry V. Perry ,
Mr. Ronald W. McCabe ,
VP, Gen. Counsel and Corp. Sec.
Mr. James D. Spinney ,
Mr. Jamie D. Roberts CA, 49
Amounts are as of Dec 31, 2013 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.