XTSE
FTS
Market cap28bUSD
Jun 18, Last price
79.27CAD
1D
0.03%
1Q
4.79%
Jan 2017
91.20%
Name
Fortis Inc
Chart & Performance
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Profile
Fortis Inc. functions as a prominent electric and natural gas utility across Canada, the United States, and various Caribbean nations. In Arizona, the company supplies electricity to roughly 438,000 retail consumers in the southeastern region, alongside approximately 100,000 retail customers residing in Mohave and Santa Cruz counties. These operations are underpinned by an aggregate generating capacity of 3,485 megawatts (MW), which includes 53 MW from solar installations and 252 MW from wind facilities. Beyond retail, Fortis engages in wholesale electricity sales to other entities throughout the western United States and possesses an additional 65 MW of combined gas-fired and hydroelectric generation capacity. Its natural gas distribution network serves approximately 1,065,000 residential, commercial, and industrial clients in British Columbia, Canada. Within southern and central Alberta, Fortis operates and manages an electricity distribution system catering to roughly 577,000 customers. This includes the ownership of four hydroelectric generating facilities providing a total of 225 MW, complemented by operational, maintenance, and management services for five other hydroelectric plants. Further extending its reach, the company delivers electricity to customers on the island portion of Newfoundland and Labrador, backed by 143 MW of installed generation, and on Prince Edward Island, supported by 130 MW of generating capacity. Fortis also provides integrated electric utility services to diverse customer bases, encompassing approximately 68,000 customers in Ontario, about 272,000 in Newfoundland and Labrador, roughly 32,000 on Grand Cayman in the Cayman Islands, and around 16,000 on select islands within Turks and Caicos. Internationally, Fortis holds long-term contracted generation assets in Belize, comprising three hydroelectric generating facilities with a combined output of 51 MW. The company also owns the Aitken Creek natural gas storage facility. Its extensive infrastructure includes approximately 90,200 circuit kilometers (km) of electricity distribution lines and about 50,500 km of natural gas pipelines. Established in 1885, Fortis Inc. maintains its corporate headquarters in St. John's, Canada.
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