Overview
Type
Public Corporation/institution
Revenue
$6,710.41 million
Headquarters
St John’s, Newfoundland and Labrador
Fortis is a leader in the North American regulated electric and gas utility industry with 2018 revenue of C$8.4 billion and total assets of approximately C$53 billion as at March 31, 2019. The Corporation's 8,800 employees serve utility customers in five Canadian provinces, nine U.S. states and three Caribbean countries. Fortis shares are listed on the TSX and NYSE and trade under the symbol FTS. Additional information can be accessed at www.fortisinc.com, www.sedar.com, or www.sec.gov. Fortis is a leader in the North American electric and gas utility business. Fortis, Inc. operates as a gas and electric distribution company. The Company offers regulated utilities comprised of electric and gas as well as engages in non-regulated hydroelectric operations. Fortis serves customers across Canada and in the United States and the Caribbean. Fortis Inc. - Fortis continues to power ahead as we seek additional opportunities to diversify our asset base and grow our company both within our existing franchise . Fortis offers specialized services in Mining, Manufacturing and Engineering. Our Mining professionals offer a wide range of services, including: • Diamond drilling • Mine Development (Level, Ramp, Raise) and Civil Tunneling • Mine Rehabilitation and De-watering • Road Header Operation • Civil and Mine Construction including Underground Construction • Artificial Ground Freezing • Mine Operation (Stoping, tramming and hauling) • Project Supervision • Hydro Electric Dam Construction and Rehabilitation • Vertical Development such as Shafts, Head Frames, and Shaft Collars Our Engineering team designs, audits and participate in engineering projects, including but not limited to the following: • Scoping & Prefeasibility Studies • Underground Mine Design (drifts, stopes, infrastructure…) • Underground and Tunnel Design • Mining Rock Mechanics • Mine Planning and Scheduling • Mechanical Engineering We also own and operate a machining and welding shop. In addition, we have access to preferred contacts for rental and sales of mining equipment and mining attachments. Although we are a fairly young company, our qualified personnel is made up of individuals with tremendous experience in the mining industry within Canada and abroad Fortis wields power. The group has holdings in 10 companies, primarily regulated electricity and gas distributors, serving about 2 million customers. Its Terasen unit is the major natural gas distribution utility in British Columbia and serves approximately 940,000 customers. Newfoundland Power utility distributes electricity to 240,000 people, while Maritime Electric serves customers on Prince Edward Island. FortisOntario serves parts of Ontario, and FortisAlberta distributes electricity to 480,000 customers in Alberta. Fortis also operates hydroelectric plants and hotels. Fortis is a leading regulated electric and gas utility holding company in North America. Its approximately 10 utilities, most of which are the sole supplier of electricity or gas in its respective territories, serve about 3.3 million customers across five Canadian provinces, nine US states, and three Caribbean countries. Primary subsidiaries include ITC, UNS Energy, and Central Hudson in the US and FortisBC Energy, FortisAlberta, and Newfoundland Power in Canada. Fortis has grown significantly in recent years as a result of acquisitions. Over 50% of sales were generated from the US. Try D&B Hoovers Free Fortis is a leading regulated electric and gas utility holding company in North America. Its approximately 10 utilities, most of which are the sole supplier of electricity or gas in its respective territories, serve about 3.3 million customers across five Canadian provinces, nine US states, and three Caribbean countries. Primary subsidiaries include ITC, UNS Energy, and Central Hudson in the US and FortisBC Energy, FortisAlberta, and Newfoundland Power in Canada. Fortis has grown significantly in recent years as a result of acquisitions. Over 50% of sales were generated from the US.
