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COMPANY PROFILE

We are an energy delivery business. Ninety-three percent of our total assets are investments in infrastructure that support the safe and reliable transmission and distribution of electricity and natural gas to our customers.

We are diverse from a regulatory and a geographic perspective. Fortis is virtually 100% regulated and we operate in 17 jurisdictions. We are one of the most geographically diverse utility businesses on the continent, with each jurisdiction having distinct regulatory regimes.

Our utility leadership is local. Fortis utilities operate close to their customers and regulators. Our local teams have the authority and independence to deliver what’s most important in their communities.

PURPOSE

Delivering a cleaner
energy future

VALUES

VALUES

 

icon-safety

We never
compromise
on safety

Nothing matters more to us than protecting the health and safety of our employees, customers and contractors. Our pursuit of safety is relentless.

icon-people

We value
our people

Our employees are dedicated. We take pride in working hard and doing the right thing. We seek and develop diverse talent and offer an inclusive work environment.

icon-local

We keep
it local

We believe in local decision-making. Our teams understand the communities we serve. Our companies operate independently, but together as a family of companies we do more than any of us could do alone.

icon-courageIntegrity

We act with
courage and
integrity

We make the right decisions for the long term, even when it’s a tough call. We keep our promises and hold ourselves to the highest ethical standards.

icon-community

We are
community
champions

We make our communities stronger by nurturing local partnerships and giving back to the places we proudly serve.

icon-excellence

We aim for
excellence
every day

We are energy delivery experts, dedicated to service, performance and growth. We respect the environment and drive innovation to provide energy solutions for our customers.

icon-safety

We never
compromise
on safety

Nothing matters more to us than protecting the health and safety of our employees, customers and contractors. Our pursuit of safety is relentless.

icon-people

We value
our people

Our employees are dedicated. We take pride in working hard and doing the right thing. We seek and develop diverse talent and offer an inclusive work environment.

icon-local

We keep
it local

We believe in local decision-making. Our teams understand the communities we serve. Our companies operate independently, but together as a family of companies we do more than any of us could do alone.

icon-courageIntegrity

We act with
courage and
integrity

We make the right decisions for the long term, even when it’s a tough call. We keep our promises and hold ourselves to the highest ethical standards.

icon-community

We are
community
champions

We make our communities stronger by nurturing local partnerships and giving back to the places we proudly serve.

icon-excellence

We aim for
excellence
every day

We are energy delivery experts, dedicated to service, performance and growth. We respect the environment and drive innovation to provide energy solutions for our customers.

VALUES

icon-safety

We never
compromise
on safety

Nothing matters more to us than protecting the health and safety of our employees, customers and contractors. Our pursuit of safety is relentless.


icon-people

We value
our people

Our employees are dedicated. We take pride in working hard and doing the right thing. We seek and develop diverse talent and offer an inclusive work environment.


icon-local

We keep
it local

We believe in local decision-making. Our teams understand the communities we serve. Our companies operate independently, but together as a family of companies we do more than any of us could do alone.


icon-courageIntegrity

We act with
courage and
integrity

We make the right decisions for the long term, even when it’s a tough call. We keep our promises and hold ourselves to the highest ethical standards.


icon-community

We are
community
champions

We make our communities stronger by nurturing local partnerships and giving back to the places we proudly serve.


icon-excellence

We aim for
excellence
every day

We are energy delivery experts, dedicated to service, performance and growth. We respect the environment and drive innovation to provide energy solutions for our customers.

OUR HISTORY

A look back at the growth and evolution of Fortis

  • 1885 1885

    Fortis Inc. has its origin in the formation of St. John’s Electric Light Company in 1885 in the province now known as Newfoundland and Labrador. That company eventually became Newfoundland Light & Power Co. Limited which became the first wholly owned subsidiary of Fortis Inc. Fortis was created as a holding company in 1987 with the mission to expand and diversify.

  • 1900 1898

    The Petty Harbour Electric Generating Station was completed in 1900 by St. John’s Street Railway Company. The Petty Harbour hydro plant continues to operate today and is a member of the Hydro Hall of Fame as the first hydro plant in the province now known as Newfoundland and Labrador.

  • 1924 1920

    The electric utility company was renamed The Newfoundland Light and Power Company in 1924.

  • 1948 1948

    Newfoundland Light and Power Company, Limited became a pure electric utility in 1948 and first issued stock to the public in 1949.

  • 1949 1949

    In July 1949, Newfoundland became the tenth province of Canada. Newfoundland Light and Power had 1,600 common shareholders.

  • 1966 1966

    Newfoundland Light & Power Co. Limited was formed through the amalgamation of Newfoundland Light and Power Company, Limited; Union Electric Light and Power Company; and United Towns Electric Company Limited.

  • 1985 1985

    Newfoundland Light & Power Co. Limited celebrated 100 years of service. Common shares split 2-for-1.

  • 1987 1987

    Shareholders of Newfoundland Light & Power Co. Limited voted to create a holding company known as Fortis Inc. to be the 100% owner of the utility. On December 29, 1987, each Newfoundland Light & Power Co. Limited common share was exchanged for one common share of Fortis Inc.

  • 1988 1988

    Dr. Angus A. Bruneau became Chairman, President and Chief Executive Officer of Fortis Inc. He served as Chairman of Fortis Inc. for 18 years. Dr. Bruneau also served as President and Chief Executive Officer of Newfoundland Power from 1986 until 1990. He was appointed an Officer of the Order of Canada in 1983 and was awarded the Canadian Council of Professional Engineers Gold Medal in 1988.

  • 1990 1990

    Maritime Electric, located on Prince Edward Island, was our first electric utility investment in 1990. This was followed by investments in Ontario in 1996.

  • 1996 1996

    Stan Marshall was appointed President and CEO of Fortis Inc. in 1996. His career with Fortis spanned 35 years and, under his leadership, Fortis became the largest investor-owned gas and electric distribution utility in Canada. Total assets grew from less than $1.0 billion in 1996 to $26 billion when Stan retired in December 2014.

  • 1999 1999

    Fortis embarked on international expansion with investments in Belize in 1999 and the Cayman Islands in 2000.

  • 2003 2003

    Fortis announced an agreement to acquire electric utilities in Alberta and British Columbia from Aquila Inc. The subsidiaries were renamed FortisAlberta and FortisBC in 2004.

  • 2005 2005

    Fortis common shares split 4-for-1 after reaching nearly $100 per common share.

  • 2006 2006

    Fortis added to its Caribbean interests with the purchase of two utilities on the Turks and Caicos Islands. The companies were collectively renamed Fortis Turks and Caicos and later FortisTCI.

  • 2007 2007

    Fortis expanded its activities to include gas distribution with the purchase of Terasen in British Columbia in 2007. Terasen was later renamed FortisBC Energy.

  • 2012 2012

    Fortis announced an agreement to acquire the CH Energy Group of companies for US$1.5 billion. CH Energy is the parent company of Central Hudson Gas & Electric Corporation, a gas and electric utility in New York State.

  • 2013 2013

    Fortis announced an agreement to acquire UNS Energy, a gas and electric utility in Arizona for US$4.3 billion.

  • 2014 2014

    At the end of 2014, Stan Marshall retired as President and CEO and Director of the Board of Directors of Fortis Inc. Mr. Marshall’s career with Fortis spanned 35 years and he was at the helm as President and CEO for more than 18 years. Barry Perry, Vice President of Finance and CFO of Fortis Inc., succeeded Mr. Marshall as President and CEO of the Corporation, effective December 31, 2014.

  • 2016 2016

    Fortis announced an agreement to acquire ITC Holdings Corp., the largest independent transmission utility in the United States for US$11.3 billion. ITC owns and operates high-voltage transmission operations in seven states. The transaction closed on October 14.

  • 2016 2016

    In 2016, the common shares of Fortis Inc. began trading on the New York Stock Exchange under the ticker symbol “FTS”. The Corporation celebrated its listing by ringing the NYSE Opening Bell on October 18, 2016.

  • 2017 2017

    Fortis celebrated its 30th year of trading on the Toronto Stock Exchange as it began trading on December 29, 1987. During that time, the Company has grown significantly, becoming a leader in the North American regulated electric and gas utility industry.

  • 2021 2021

    On January 1, 2021 David Hutchens succeeded Barry Perry as President and Chief Executive Officer of Fortis Inc. Mr. Perry retired as President and CEO and Director of the Board of Directors of Fortis Inc. on December 31, 2020, after spending over 20 years within various roles in the Fortis Group of Companies.

Ten utility operations:
One strong company

REGULATED INDEPENDENT TRANSMISSION
  • ITC
REGULATED U.S. ELECTRIC + GAS
  • UNS Energy
  • Central Hudson
REGULATED CANADIAN + CARIBBEAN
  • FortisBC Energy
  • FortisAlberta
  • FortisBC Electric
  • Eastern Canadian(1)
  • Caribbean(2)
OTHER ENERGY INFRASTRUCTURE
  • Hydroelectric Generation(3)
  • Aitken Creek
 

(1) Includes Newfoundland Power, Maritime Electric and FortisOntario. These utilities are referred to as "Other Electric" in financial and investor relations materials.
(2) Includes Fortis Turks and Caicos, an approximate 60% interest in Caribbean Utilities on Grand Cayman, Cayman Islands and a 33% interest in Belize Electricity. These utilities are referred to as "Other Electric" in financial and investor relations materials. 
(3) Includes generation from BECOL in Belize.


OUR LEADERSHIP

  • EXECUTIVE
  • BOARD OF DIRECTORS

David G. Hutchens

President and Chief Executive Officer

Jocelyn H. Perry

Executive Vice President, Chief Financial Officer

Nora M. Duke

Executive Vice President, Sustainability and Chief Human Resource Officer

James P. Laurito

Executive Vice President, Business Development and Chief Technology Officer

James R. Reid

Executive Vice President, Chief Legal Officer and Corporate Secretary

Gary J. Smith

Executive Vice President, Eastern Canadian and Caribbean Operations

Stephanie A. Amaimo

Vice President, Investor Relations

Karen J. Gosse

Vice President, Treasury and Planning

Ronald J. Hinsley

Vice President, Chief Information Officer

Karen M. McCarthy

Vice President, Communications and Corporate Affairs

Regan P. O’Dea

Vice President, General Counsel

James D. Roberts

Vice President, Controller

Douglas J. Haughey

Chair of the Board
Calgary, Alberta

David G. Hutchens

President and CEO, Fortis Inc.
Tucson, Arizona

Tracey C. Ball

Chair of the Audit Committee
Victoria, British Columbia

Pierre J. Blouin

Chair of the Governance and Sustainability Committee
Montreal, Quebec

Paul J. Bonavia

Corporate Director
Dallas, Texas

Lawrence T. Borgard

Corporate Director
Naples, Florida

Maura J. Clark

Corporate Director
New York, New York

Margarita K. Dilley

Corporate Director
Washington, D.C.

Julie A. Dobson

Corporate Director
Potomac, Maryland

Jo Mark Zurel

Chair of the Human Resources Committee
St. John’s, Newfoundland and Labrador

EXECUTIVE

  • David G. Hutchens, President and Chief Executive Officer
  • Jocelyn H. Perry, Executive Vice President, Chief Financial Officer
  • Nora M. Duke, Executive Vice President, Sustainability and Chief Human Resource Officer
  • James P. Laurito, Executive Vice President, Business Development and Chief Technology Officer
  • James R. Reid, Executive Vice President, Chief Legal Officer and Corporate Secretary
  • Gary J. Smith , Executive Vice President, Eastern Canadian and Caribbean Operations
  • Stephanie A. Amaimo, Vice President, Investor Relations
  • Karen J. Gosse, Vice President, Treasury and Planning
  • Ronald J. Hinsley, Vice President, Chief Information Officer
  • Karen M. McCarthy, Vice President, Communications and Corporate Affairs
  • Regan P. O’Dea, Vice President, General Counsel
  • James D. Roberts, Vice President, Controller

BOARD OF DIRECTORS

  • Douglas J. Haughey, Chair of the Board
  • David G. Hutchens, President and CEO, Fortis Inc.
  • Tracey C. Ball, Chair of the Audit Committee
  • Pierre J. Blouin, Chair of the Governance and Sustainability Committee
  • Paul J. Bonavia, Corporate Director
  • Lawrence T. Borgard, Corporate Director
  • Maura J. Clark, Corporate Director
  • Margarita K. Dilley, Corporate Director
  • Julie A. Dobson, Corporate Director
  • Jo Mark Zurel, Chair of the Human Resources Committee

Sustainability

A message from the President and CEO

“As a premier North American utility company, we are committed to conducting our business in a responsible manner for present and future generations. We will continue to make progress on the most pressing sustainability issues for the benefit of our customers, communities and the planet.” – David Hutchens, President and CEO

Fortis is proud to support the communities we serve.
We invested more than $15 million in our communities in 2020.

A Fortis for everyone

Fortis demonstrates leadership in advancing inclusion and diversity in our workplace by taking meaningful and sustainable actions that influence our culture, our people and our community.

Our People

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A history of superior returns to shareholders

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