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)
NON-REGULATED
  • Fortis Belize Limited(3)
 

(1) Includes Newfoundland Power, Maritime Electric, FortisOntario, and a 39% interest in the Wataynikaneyap Partnership. These utilities are included in the "Other Electric" segment in financial and investor relations materials.
(2) Includes Fortis Turks and Caicos, an approximate 60% interest in Caribbean Utilities and a 33% interest in Belize Electricity. These utilities are included in the "Other Electric" segment in financial and investor relations materials. 
(3) Included in the Corporate and Other Segment.

OVERVIEW

Ten utility operations and growing: One strong company

Fortis was formed in 1987 with the mandate to grow and diversify. Since then, we have expanded to include ten independent utility operations throughout North America.

ITC Overview
ITC Holdings Independent electricity transmission ITC is the largest independent electricity transmission company in the United States.  ITC regulated operating subsidiaries own and operate high-voltage electric transmission systems in Michigan’s Lower Peninsula and portions of Iowa, Minnesota, Illinois, Missouri, Kansas, Oklahoma and Wisconsin. The company also focuses on new areas where significant transmission system improvements are needed through ITC Grid Development and its subsidiaries. Learn more about ITC 747 employees   26,100 km service territory
overview-unsenergy UNS Energy Electricity generation, transmission and distribution, and natural gas distribution UNS Energy is a vertically integrated utility services holding company, headquartered in Tucson, Arizona, consisting primarily of three wholly owned subsidiaries: Tucson Electric Power, UNS Electric, and UNS Gas. It is engaged through its subsidiaries in the regulated electric generation and energy delivery business, primarily in the State of Arizona, serving approximately 550,000 electricity customers and 169,000 natural gas customers. Learn more about UNS Energy 550,000 electricity customers 169,000 natural gas customers 3,408 MW generating capacity
overview-centralhudson Central Hudson Gas and electricity transmission and distribution Central Hudson is a regulated transmission and distribution utility, serving approximately 315,000 electricity customers and 90,000 natural gas customers in portions of New York State’s Mid-Hudson River Valley. Learn more about Central Hudson 405,000 customers 2,400 km gas pipelines 15,200 km power lines
overview-fortisbc FortisBC Electricity generation, transmission and distribution, and natural gas distribution FortisBC, comprised mainly of FortisBC Energy and FortisBC Electric, is an integrated energy solutions provider focused on providing natural gas, electricity, propane and alternative energy solutions. Together, their gas and electricity utilities serve approximately 1.28 million customers. Learn more about FortisBC 1,278,000 customers 51,600 km gas pipelines 7,300 km power lines
overview-fortisalberta FortisAlberta Electricity distribution FortisAlberta is an electric distribution utility operating in central and southern Alberta. FortisAlberta serves approximately 592,000 customers and delivered 16,976 GWh of electricity in 2023. Learn more about FortisAlberta 592,000 customers 90,500 km distribution lines
overview-newfoundlandpower Newfoundland Power Electricity generation, transmission and distribution Newfoundland Power is an integrated electric utility and the principal distributor of electricity on the island portion of Newfoundland and Labrador, serving approximately 275,000 customers. Newfoundland Power has an installed generating capacity of 145 MW. Learn more about Newfoundland Power 275,000 customers 145 MW generating capacity 11,500 km distribution lines
overview-maritimeelectric Maritime Electric Electricity generation, transmission and distribution Maritime Electric is an integrated electric utility and the principal distributor of electricity on Prince Edward Island serving approximately 89,000 customers. Maritime Electric also owns and operates on-Island generating facilities with a combined capacity of 90 MW. Learn more about Maritime Electric 89,000 customers 90 MW generating capacity 6,700 km power lines
overview-fortisontario FortisOntario Electricity transmission and distribution FortisOntario is an electric utility which owns and operates Canadian Niagara Power, Cornwall Electric, and Algoma Power, serving a combined 69,000 customers. FortisOntario also owns a 10% interest in certain regional electric distribution companies serving approximately 40,000 customers. Learn more about FortisOntario 69,000 customers 3,400 km power lines
overview-carribeanutilities Caribbean Utilities Electricity generation, transmission and distribution Caribbean Utilities, an approximate 60% Fortis-owned subsidiary, is an integrated electric utility and the sole electricity provider on Grand Cayman, Cayman Islands. The company serves approximately 34,000 customers and has generating capacity of 166 MW. Caribbean Utilities is a public company traded on the Toronto Stock Exchange (TSX:CUP.U). Learn more about Caribbean Utilities 34,000 customers 166 MW generating capacity 700 km power lines
overview-fortistci FortisTCI Electricity generation, transmission and distribution Fortis Turks and Caicos is comprised of two integrated electric utilities serving approximately 17,000 customers on certain Turks and Caicos islands. The utilities have a combined diesel-powered generating capacity of 88 MW. Learn more about FortisTCI 17,000 customers 88 MW generating capacity 700 km power lines
Overview Image of Belize Non-regulated The Corporation's non-regulated business consists of long-term contracted generation assets in Belize, consisting of three hydroelectric generating facilities with a combined generating capacity of 51MW. 51 MW generating capacity in Belize   

OUR HISTORY

A look back at the growth and evolution of Fortis Inc.

  • 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 eight 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.

Fortis is proud to support the communities we serve.
We invested approximately $11 million in our communities in 2023.

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