Fortis (NYSE:FTS) Inc. (NYSE: FTS) is a leading North American electric and gas utility holding company, headquartered in St. John’s, Newfoundland and Labrador. Through its portfolio of regulated utilities, Fortis delivers safe, reliable and cost-effective energy to more than 3.5 million customers across Canada, the United States and the Caribbean. The company’s operations encompass generation, transmission and distribution of electricity as well as natural gas distribution, underpinned by long-term regulatory frameworks that support capital investment and system modernization.
In Canada, Fortis serves customers in Newfoundland and Labrador, British Columbia and Alberta, providing a mix of hydroelectric, thermal and renewable generation assets alongside comprehensive transmission networks. Its U.S. utilities include operations in New York, Arizona, Michigan, Maryland, and other states, offering a diversified portfolio of regulated electricity and natural gas services. In the Caribbean, Fortis owns and operates regulated electricity networks in territories such as Belize, the Turks and Caicos Islands and several Caribbean islands, where it plays a central role in energy reliability and infrastructure development.
Founded in 1987 through the privatization of Newfoundland Hydro, Fortis has grown through strategic acquisitions and organic expansion. Key transactions over the past two decades include the purchase of Terasen Gas in British Columbia, Central Hudson Gas & Electric in New York, UNS Energy in Arizona, and ITC Holdings, North America’s largest independent electricity transmission company. These investments have diversified the company’s regulatory footprint and bolstered its expertise in grid modernization and clean energy integration.
Fortis is guided by an experienced Board of Directors and an executive leadership team focused on sustainable growth, regulatory excellence and customer service. Its President and Chief Executive Officer, who has more than 25 years of utility industry experience, emphasizes disciplined capital allocation and innovation in areas such as renewable generation, energy efficiency and smart grid technologies. Fortis continues to pursue a strategy that balances dividend growth with credit strength, aiming to deliver long-term value for customers, shareholders and communities.
