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Fortis Inc. (FTS.TO)

Toronto - Toronto Delayed Price. Currency in CAD
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45.53-0.09 (-0.20%)
At close: 3:59PM EDT

Fortis Inc.

Fortis Place
Suite 1100
St. John's, NF A1B 3T2
Canada
709-737-2800
http://www.fortisinc.com

SectorUtilities
IndustryElectric Utilities
Full Time Employees8,000

Key Executives

NameTitlePayExercisedAge
Mr. Barry V. PerryChief Exec. Officer, Pres and Director3.86M139.4k52
Mr. Karl W. Smith CA, (B.Comm)Chief Financial Officer and Exec. VPN/AN/AN/A
Ms. Nora M. Duke CAChief Human Resource Officer and Exec. VP of Corp. Services1.13M1.42M55
Mr. Earl A. Ludlow P.Eng., (B.Eng, MBA)EVP & Operational Advisor to the Pres & Chief Exec. Officer1.21M529.53k60
Mr. James P. LauritoExec. VP of Bus. Devel.2.08MN/A60
Amounts are as of December 31, 2016 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. It generates, transmits, and distributes electricity to approximately 420,000 retail customers in a territory comprising approximately 2,991 square kilometers located in southeastern Arizona, including the greater Tucson metropolitan area in Pima county, as well as parts of Cochise county; and 95,000 retail customers in Arizona’s Mohave and Santa Cruz counties with an aggregate capacity of 2,994 megawatts (MW) comprising 54 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 64 MW; and distributes natural gas to approximately 994,000 customers in approximately 135 communities in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 549,000 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 hydroelectric generating facilities. Further, the company distributes electricity in the island portion of Newfoundland and Labrador serving approximately 264,000 customers with an installed generating capacity of 139 MW; and on Prince Edward Island serving approximately 79,000 customers through generating facilities with a combined capacity of 145 MW. Additionally, it provides integrated electric utility service to approximately 65,000 customers in Fort Erie, Cornwall, Gananoque, Port Colborne, and the District of Algoma in Ontario; approximately 43,200 customers on Grand Cayman, Cayman Islands; and approximately 15,000 customers on certain islands in Turks and Caicos, as well as holds long-term contracted generation assets in British Columbia and Belize, and Aitken Creek. Fortis Inc. was founded in 1977 and is headquartered in St. John's, Canada.

Corporate Governance

Fortis Inc.’s ISS Governance QualityScore as of August 1, 2017 is 3. The pillar scores are Audit: 1; Board: 2; 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.