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 more than 918,000 customers, or 96 per cent of gas users in the province, and met a peak day demand of 1,360 terajoules in 2007.

FortisAlberta, a wholly owned subsidiary, is a distribution utility providing electricity in central and southern Alberta. The Company serves more than 448,000 customers and met a peak demand of 3,182 megawatts ("MW") in 2007.

FortisBC, a wholly owned subsidiary, is an integrated electric utility operating in the southern interior of British Columbia. The Company serves approximately 154,000 direct and indirect customers and met a peak demand of 683 MW in 2007.

Newfoundland Power, a wholly owned subsidiary, operates an integrated generation, transmission and distribution system in Newfoundland. The Company serves approximately 232,000 customers in the province and met a peak demand of 1,142 MW in 2007.

Other Canadian operations include the wholly owned subsidiaries Maritime Electric and FortisOntario which serve approximately 124,000 customers on Prince Edward Island and in southeastern Ontario. The Companies met a combined peak demand of 452 MW in 2007.

Belize Electricity, a 70.1 per cent owned subsidiary, is the main commercial generator, transmitter and distributor of electricity in Belize, Central America. The Company serves approximately 73,000 customers in Belize and met a peak demand of 70 MW in 2007.

Caribbean Utilities , a 54 per cent owned subsidiary, generates, distributes, transmits and supplies electricity on Grand Cayman, Cayman Islands. The Company serves more than 23,000 customers and met a record peak demand of 93 MW in August 2007.

Fortis Turks and Caicos generates and transmits electricity to more than 8,700 customers on the islands of Providenciales, Pine Cay, North Caicos, Middle Caicos and South Caicos and met a combined peak demand of 28 MW in 2007.

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 195 MW, 190 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 real estate primarily in Atlantic Canada. Its holdings include 19 hotels with more than 3,500 rooms and approximately 2.8 million square feet of commercial real estate.