A strategy of long-term, profitable growth

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. Fortis was incorporated in 1987 with just $390 million in assets. Today our diverse affiliated companies include ten affiliated electric and gas operations with $50 billion in assets serving over 3 million customers in Canada, the United States and the Caribbean. Looking ahead, Fortis will continue to expand and diversify while delivering safe, reliable, cost-effective energy service.

A North American leader in the regulated gas and electric utility industry

Largest investor-owned utility in Canada by assets and one of the top 15 in North America

Investment-grade credit rating now and in the future

Our parent company and all large operating subsidiaries are rated investment-grade

A track record of increasing dividends

45 years of consecutive dividend increases with 6% annual average growth planned through 2023

Multiple opportunities for growth

Fortis will continue to expand and diversify through investment opportunities in infrastructure, renewable power and strategic acquisitions

Regulated, low risk and diversified

itc-grapghITC 5Central Hudson (New York)
10UNS Energy (Arizona) 7Eastern Canadian (Newfoundland, Ontario, Prince Edward Island)
9FortisBC 4Caribbean (Grand Cayman, Belize, Turks & Caicos Islands)
3FortisAlberta 2Other Energy Infrastructure
Assets by jurisdiction
September 30, 2018


MILLIONS 2017 2016 2015
Revenue  $8,301 $6,838 $6,757
Cash flow from operations  $2,756 $1,884 $1,673
Net earnings attributable to common equity shareholders  $963 $585 $728
Basic earnings per common share  $2.32 $1.89 $2.61
Adjusted earnings1  $1,053 $715 $589
Adjusted earnings per common share1  $2.53 $2.31 $2.11
Dividend paid per common share  $1.625 $1.53 $1.40
Assets  $47,822 $47,904 $28,804
1Non-GAAP measure



Table of Dividend Results 

Note: Dividend payout ratio for 2011 through 2017 adjusted for non-recurring items

Fortis has a history of 44 years of consecutive common share dividend payment increases. Fortis introduced dividend guidance for the first time in 2015, with an annual average dividend growth target of 6% through 2022.

Dividends and share information

Investor Contacts

Investor Relations
T: 709.737.2900

Media Relations

Transfer Agent
Computershare Trust Company of Canada
100 University Avenue, 8th Floor
Toronto, ON
M5J 2Y1

T: 514.982.7555
T: 866.586.7638

Deloitte LLP
Fortis Place, Suite 1000
5 Springdale Street
St. John’s, NL A1E 0E4

T: 709.576.8480
F: 709.576.8460


Get to know the leadership team at Fortis

Meet the members of our executive team and our Board of Directors. Learn more

Committed to preserving our provincial heritage

Fortis contributes $3.25 million to commemorate Newfoundland and Labrador’s First World War Battle of Beaumont-Hamel. Fortis community initiatives

Questions about investing in Fortis

Look here for answers to questions about Fortis shares. Frequently asked questions

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