U.S. markets open in 7 hours 10 minutes

Fortis Inc. (FTS.TO)

Toronto - Toronto Real Time Price. Currency in CAD
Add to watchlist
56.94+0.17 (+0.30%)
At close: 3:59PM EDT

Fortis Inc.

Fortis Place
Suite 1100 5 Springdale Street PO Box 8837
Saint John's, NF A1E 0E4
Canada
709 737 2800
http://www.fortisinc.com

Sector(s)Utilities
IndustryUtilities—Regulated Electric
Full Time Employees9,000

Key Executives

NameTitlePayExercisedYear Born
Mr. David Gerard HutchensPres, CEO & Director3.28MN/A1967
Ms. Jocelyn H. PerryExec. VP & CFO1.56MN/AN/A
Mr. James P. LauritoExec. VP of Bus. Devel. & CTO2.3MN/A1956
Ms. Nora M. Duke C.A., CAExec. VP of Sustainability & Chief Human Resource Officer1.61M1.51M1962
Mr. Ronald J. HinsleyChief Information Officer & VPN/AN/AN/A
Ms. Stephanie A. AmaimoVP of Investor RelationsN/AN/AN/A
Mr. James R. ReidExec. VP, Chief Legal Officer & Corp. Sec.N/AN/AN/A
Ms. Karen M. McCarthy BPR, M.EdVP of Communications & Corp. AffairsN/AN/AN/A
Mr. Regan P. O'DeaVP & Corp. Gen. CounselN/AN/AN/A
Mr. Gary J. SmithExec. VP of Eastern Canadian & Caribbean OperationsN/AN/A1962
Amounts are as of December 31, 2020 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.

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 433,000 retail customers in southeastern Arizona; and 98,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,233 megawatts (MW), including 59 MW of solar 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 1,048,000 residential, commercial, and industrial customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 572,000 customers in southern and central Alberta; owns 4 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 143 MW; and on Prince Edward Island with a generating capacity of 130 MW. Additionally, it provides integrated electric utility service to approximately 67,000 customers in Ontario; approximately 270,000 customers in Newfoundland and Labrador; approximately 31,000 customers on Grand Cayman, Cayman Islands; and approximately 15,000 customers on certain islands in Turks and Caicos. The company 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 91,000 circuit Kilometers (km) of distribution lines; and approximately 49,500 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.

Corporate Governance

Fortis Inc.’s ISS Governance QualityScore as of June 1, 2021 is 2. The pillar scores are Audit: 2; Board: 1; Shareholder Rights: 3; Compensation: 3.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.