Fortis Inc.
| Company type | Public |
|---|---|
| |
| Industry | Electricity generation & distribution, Natural Gas Distribution |
| Founded | 1987 |
| Founder | Angus Bruneau |
| Headquarters | St. John's, Newfoundland and Labrador, Canada |
Key people | David Hutchens, President & CEO |
| Products | Electricity, Natural Gas |
| Revenue | CA$11.5 billion (2024) |
| CA$3.29 billion (2024) | |
| CA$1.83 billion (2024) | |
| Total assets | CA$73.5 billion (2024) |
| Total equity | CA$23.8 billion (2024) |
Number of employees | 9,800 (2024) |
| Website | www |
Fortis Inc. is a Canadian electric utility holding company, based in St. John's, Newfoundland and Labrador. It operates in Canada, the United States, Central America and the Caribbean. In 2015, it earned CA$6.7 billion.
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.