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Fortis Companies
Fortis Inc. is the largest investor-owned distribution utility in Canada, serving approximately 2,100,000 gas and electricity customers. Its regulated holdings include a natural gas utility in British Columbia and electric utilities in 5 Canadian provinces and 3 Caribbean countries. Fortis owns non-regulated hydroelectric generation assets across Canada and in Belize and upper New York State. It also owns hotels and commercial real estate in Canada.
 

Terasen, a wholly owned subsidiary, is the principal natural gas distribution utility in British Columbia. Its service territory includes the populous lower mainland, Vancouver Island and the interior of the province. The Company serves approximately 940,000 customers, or 96 per cent of gas users in the province, and met a peak day demand of 1,234 terajoules in 2009.

FortisAlberta, a wholly owned subsidiary, is a distribution utility providing electricity in central and southern Alberta. The Company serves approximately 480,000 customers and met a record peak demand of 3,365 megawatts ("MW") in 2009.

FortisBC, a wholly owned subsidiary, is an integrated electric utility operating in the southern interior of British Columbia. The Company serves approximately 159,000 direct and indirect customers and met a peak demand of 714 MW in 2009.

Newfoundland Power, a wholly owned subsidiary, operates an integrated generation, transmission and distribution system in Newfoundland. The Company serves more than 239,000 customers in the province and met a peak demand of 1,219 MW in 2009.

Other Canadian operations include the wholly owned subsidiaries Maritime Electric and FortisOntario which serve approximately 138,000 customers on Prince Edward Island and in southeastern Ontario, respectively. The Companies met a combined peak demand of 484 MW in 2009.

Belize Electricity, an approximate 70 per cent owned subsidiary, is the main commercial generator, transmitter and distributor of electricity in Belize, Central America. The Company serves approximately 76,000 customers in Belize and met a peak demand of 76 MW in 2009.

Caribbean Utilities , an approximate 59 per cent owned subsidiary, generates, distributes, transmits and supplies electricity on Grand Cayman, Cayman Islands. The Company serves more than 25,000 customers and met a record peak demand of 97.5 MW in 2009.

Fortis Turks and Caicos generates and transmits electricity to more than 9,000 customers on the islands of Providenciales, North Caicos, Middle Caicos, South Caicos and Dellis Cay and met a combined record peak demand of 29.6 MW in 2009.

Fortis Generation includes the operations of non-regulated generating assets across Canada and in Belize and upper New York State. The generating capacity of these assets is 139 MW, 134 MW of which is hydroelectric generation.

Fortis Properties, a wholly owned non-utility subsidiary, owns and operates hotels in 8 provinces in Canada and commercial office and retail space primarily in Atlantic Canada. Its holdings include 21 hotels with more than 4,100 rooms and approximately 2.8 million square feet of commercial real estate.