Fortis (NYSE: FTS) — Company Overview, News & Financial Data
Fortis is an electric and gas utility holding company operating across Canada, the U.S., and the Caribbean, focusing on reliable energy delivery.
Fortis
Fortis is a North American regulated electric and gas utility holding company based in St. John's, Newfoundland and Labrador. The company operates nine regulated utility subsidiaries across Canada, the United States, and the Caribbean. Its primary operations encompass electric and gas transmission and distribution, supplying energy to approximately 3.5 million customers. The company's business portfolio includes ITC Holdings in the United States, UNS Energy in Arizona, FortisBC in British Columbia, FortisAlberta, Newfoundland Power, Maritime Electric, FortisOntario, and Caribbean utilities. Fortis focuses on energy delivery infrastructure, grid modernization, transition to cleaner energy, and expanding regulated utility rate base operations.
Snapshot
Operations
Products and/or services of Fortis
- Electric Transmission Services: High-voltage electric transmission network operations across the United States Midwest and Mid-Atlantic regions, delivering wholesale electricity through specialized grid infrastructure, power line maintenance, and regional transmission planning.
- US Regulated Electric and Gas Distribution: Vertically integrated electricity generation, power transmission, and natural gas distribution operations serving municipal, commercial, and residential end users across urban and rural service territories in Arizona.
- Natural Gas Infrastructure and Distribution: Natural gas supply, pipeline transmission, and customer distribution networks in Western Canada, including liquefied natural gas storage facilities, vapor compression assets, and renewable gas processing capacity.
- Canadian Electric Distribution Networks: Electricity distribution system operation and low-voltage power grid management in Western Canada, providing distribution infrastructure maintenance, power metering, and customer line connection services across rural and urban service territories.
- Eastern Canadian Utility Operations: Regulated electricity distribution and local generation facilities serving island and coastal regions in Eastern Canada, supporting residential and commercial electricity needs through overhead and underground network management.
- Caribbean Utility Operations: Regulated power generation, electric transmission, and grid distribution services across Caribbean island territories, operating thermal power generation facilities, diesel generation sets, solar installations, and local power distribution networks.
Fortis executive team
- Mr. David Gerard HutchensPresident, CEO & Director
- Ms. Jocelyn H. Perry CPAExecutive VP & CFO
- Mr. Gary J. SmithExecutive Vice President of Operations & Technology
- Mr. James R. ReidExecutive VP of Sustainability & Chief Legal Officer
- Mr. Stuart I. LochrayExecutive Vice President of Strategy & Business Development
- Ms. Keri L. GlitchChief Information Officer & VP
- Ms. Stephanie A. AmaimoVice President of Investor Relations
- Ms. Karen M. McCarthy BPR, M.EdVice President of Communications and Government Relations
- Ms. Tanya Nicole FinlayVice President of People & Culture
- Mr. Regan P. O'DeaVP & General Counsel