FTS
- Fortis Inc.
()
Overview
Company Summary
Fortis Inc. is a Canadian electric utility company that operates primarily in North America. The company is engaged in the generation, transmission, and distribution of electricity and natural gas. Fortis owns and operates a diversified portfolio of regulated electric and gas utilities across various Canadian provinces and U.S. states.
Fortis is focused on providing reliable energy solutions to its customers. It operates through its subsidiaries, which include utilities such as Newfoundland Power, Maritime Electric, FortisBC, Central Hudson, Tucson Electric Power, and ITC Holdings. These utilities serve residential, commercial, and industrial customers, supplying them with electricity and natural gas for their energy needs.
In addition to its electric and gas utilities, Fortis also operates non-regulated energy infrastructure businesses. These include energy generation facilities such as hydroelectric, gas-fired, and solar power plants. Fortis also invests in energy infrastructure projects, such as transmission lines and natural gas pipelines, both within its existing service territories and through strategic partnerships.
As a utility company, Fortis operates in a heavily regulated environment, with its rates and operations subject to oversight by various government regulatory bodies. Its primary goal is to ensure the safe and reliable delivery of energy while providing value to its customers and shareholders.
Overall, Fortis Inc. is focused on expanding its energy infrastructure, maintaining reliable operations, and investing in sustainable energy solutions to meet the evolving needs of its customers and contribute to the communities it serves.