Fortis Inc.

Fortis Inc.
Company typePublic
IndustryElectricity generation & distribution, Natural Gas Distribution
Founded1987; 37 years ago (1987)
FounderAngus Bruneau
HeadquartersSt. John's, Newfoundland and Labrador, Canada
Key people
David Hutchens, President & CEO
ProductsElectricity, Natural Gas
RevenueIncrease CA$8.783 billion (2019)
Number of employees
5,936 (2008)[1]
Websitewww.fortisinc.com

Fortis Inc. is a St. John's, Newfoundland and Labrador-based international diversified electric utility holding company. It operates in Canada, the United States, Central America, and the Caribbean. In 2015, it earned CA$6.7 billion.[2]

Fortis was formed in 1987, when shareholders of the regulated transmission and distribution utility Newfoundland Light & Power Co. voted to form a separate holding company. NL&P shares were exchanged for Fortis shares on a one-to-one basis, with the regulated NL&P becoming a 100% owned subsidiary.

  1. ^ "Company Profile for Fortis Inc (CA;FTS)". Archived from the original on 2012-02-17. Retrieved 2008-10-08.
  2. ^ Dec 8, Castanet Staff-; Story: 183120, 2016 / 10:59 am |. "FortisBC bill going up - Kelowna News". www.castanet.net. Retrieved 2020-11-29.{{cite web}}: CS1 maint: numeric names: authors list (link)