Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. It generates, transmits, and distributes electricity to approximately 438,000 retail customers in southeastern Arizona; and 100,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,485 megawatts (MW), including 53 MW of solar capacity and 252 MV of wind capacity. The company also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectric generating capacity totaling 65 MW; and distributes natural gas to approximately 1,065,000 residential, commercial, and industrial customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 577,000 customers in southern and central Alberta; owns 4 hydroelectric generating facilities with a combined capacity of 225 MW; and provides operation, maintenance, and management services to five hydroelectric generating facilities. Further, the company distributes electricity in the island portion of Newfoundland and Labrador with an installed generating capacity of 143 MW; and on Prince Edward Island with a generating capacity of 130 MW. Additionally, it provides integrated electric utility service to approximately 68,000 customers in Ontario; approximately 272,000 customers in Newfoundland and Labrador; approximately 32,000 customers on Grand Cayman, Cayman Islands; and approximately 16,000 customers on certain islands in Turks and Caicos. The company also holds long-term contracted generation assets in Belize consisting of 3 hydroelectric generating facilities with a combined capacity of 51 MW; and the Aitken Creek natural gas storage facility. It also owns and operates approximately 90,200 circuit Kilometers (km) of distribution lines; and approximately 50,500 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.

Fortis Inc.

Fortis Inc. is involved in the North American regulated electric and gas utility industry, providing energy delivery services.

Fortis Inc. | 10,039 followers on LinkedIn. Delivering a cleaner energy future | Fortis is a well-diversified leader in the North American regulated electric and gas utility industry with 2023 revenue of $12 billion and total assets of $69 billion as at June 30, 2024. The Corporation&#39;s 9,600 employees serve utility customers in five Canadian provinces, ten U.S. states and three Caribbean countries.

Proven Technology and People leader

Keri Glitch

Project Director at Wataynikaneyap Power PM Inc., a Fortis Company

Michael Jackson

Executive @ Fortis Inc. | Doctor of Business Administration Student @ Athabasca | Corporate Director @ Maritime Electric | Chair Independent…

Karen M. McCarthy, ICD.D

President and CEO at Fortis Inc.

David Hutchens

Thank you to Fatima Syed of The Narwhal Magazine for her coverage of the Wataynikaneyap Power project. The vivid storytelling will provide you insights about this important energy project in Northwestern Ontario that Fortis Inc. serves as a partner in. Construction of the 1,800 km transmission line is now complete, with only a few of the 17 First Nations communities left to be officially connected to the main Ontario electricity grid for the first time. Thank you to all 24 First Nations whose majority partnership made this project a reality, and to the Government of Canada and Ontario Government | Gouvernement de l’Ontario for their support. #linethatbringslight #wataynikaneyap Electricity Canada Electricity Distributors Association Ontario Energy Association Independent Electricity System Operator (IESO) Association of Power Producers of Ontario (APPrO) Hydro One https://lnkd.in/eiPNXdNx

We look forward to Minister Stephen Lecce 's address to the Empire Club of Canada tomorrow in Toronto. It's a busy time in the Ontario energy sector.

Congratulations to another cohort of our Fortis Leadership Lab. These emerging leaders have completed our yearlong internal leadership development program aimed at enhancing business acumen. Their capstone presentations tackled important topics such as building resilient supply chains, developing centers of excellence, working smarter with generative AI, and exploring effective ways to engage our customers. "Great things happen when we bring talented people together from across our diverse businesses,” said David Hutchens, President and CEO, Fortis Inc. “The Fortis Leadership Lab is a perfect example of fostering a culture of collaboration, innovation, and continuous learning and improvement."

📲 We’re excited to introduce our new website! Our updated site offers a fresh look, improved navigation, and new features like a Careers page. It tells the Fortis story and showcases how our talented and diverse team of 9,600 employees throughout Canada, the U.S., and the Caribbean are united by a shared purpose to deliver a cleaner energy future and driven by values that focus on our customers and communities. Visit us at www.fortisinc.com #WebsiteLaunch

We are excited to share that Regan O’Dea, VP, General Counsel, has been appointed to the King’s Counsel by the Lieutenant Governor in Council, Newfoundland and Labrador. This prestigious title honors senior lawyers for their exceptional merit and contributions to the legal profession. Regan graduated from Mount Allison University with a Bachelor of Science (1997) and obtained his Bachelor of Laws from the University of New Brunswick (2000). As a valued member of the Fortis family since 2014, he practices primarily in the areas of corporate/commercial, corporate finance, tax, compliance, governance, and business law, including advising on the acquisition of public utilities in North America and major initiatives at Fortis Inc. He also serves the boards of Newfoundland Power and FortisOntario.

Congratulations to Jim Reid, EVP, Sustainability and Chief Legal Officer, for being honored with both the Clean50 and Clean16 awards! At Fortis we are investing in the delivery of cleaner energy while ensuring our customers continue to receive reliable and affordable service. Jim leads our sustainability strategy with this in mind, anticipating trends, shaping policy and focusing on innovations that will drive the transition to a low-carbon economy. #Clean50 #Clean16 #Sustainability #Leadership Read More: https://clean50.com

What an incredible turnout! 🎉 We were thrilled to see so many passionate students at our #InnovationWeek Post Secondary Student Event. The energy, creativity, and drive in the room was inspiring! 💫 From networking to learning about the future of tech, these young innovators are ready to make waves! 🌊 Thank you to Fortis Inc. for being the Platinum sponsor for the Student Event, and thank you Hatch Genoa Design International Ltd. and Virtual Marine for participating as Silver sponsors! #NextGenTech #StudentLeaders #TechInnovation #FutureMinds #IWNL24

techNL

We believe in the power of innovation to deliver a cleaner energy future for our customers. We joined with colleagues at Newfoundland Power to support the student event at techNL #InnovationWeek . It brought together 200 students eager to innovate and push boundaries in every industry.

Today, we observe National Day for Truth and Reconciliation. Our employees recently gathered to recognize this important occasion with a powerful performance by artist Leahdawn Helena, where we learned more about the experiences and legacies of Indigenous women and girls in our province. Leahdawn, along with other Indigenous artists, will be performing in ‘Nsituninal: Our Voices’ a creative arts project by Indigenous Performing Arts NL, touring Arts and Culture Centres this October. Tickets are now available: https://lnkd.in/eksKFa63 We honour and remember. #EveryChildMatters #TruthAndReconciliation

Please note cautionary statements in the link below. Today Fortis announced our $26 billion five-year capital plan, our largest to date. David Hutchens, President and CEO, Fortis Inc., said the plan is driven by transmission investments at our subsidiary ITC, the resource transition in Arizona, and economic and customer growth across our footprint. Notably at ITC, Fortis sees tangible opportunities beyond the five-year plan to invest in regional transmission in the U.S. Midwest, supporting energy transition and load growth in the region. Our regulated growth strategy remains committed to delivering reliable and affordable service for our customers and annual dividend growth of 4-6% through 2029 for our shareholders. Get all the details and cautionary statements here: https://lnkd.in/g6uwq7yY

NYSE:FTS

Fortis Inc.

Last Close

60.79

08/11 20:59

Market Cap

26.74B

Beta: 0.16

Volume Today

1.19M

Avg: 578.04K

PE Ratio

16.66

PFCF: −71.42

Dividend Yield

3.17%

Payout:48.94%

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