Fortis, Inc.

Fortis, Inc.

Fortis, Inc.

Date Founded



Fortis Place,5 Springdale Street,Suite 1100,St. John's, NF A1B 3T2

Type of Company


Employees (Worldwide)



Alternative Energy
Holding Companies
Power & Utilities

Company Description

Fortis, Inc. is an international electric and gas utility holding company. It operates through the following business segments: Regulated Utilities and Non-Regulated. The Regulated Utilities segment comprises of ITC which contains mainly of the electric transmission operations of the ITC regulated operating subsidiaries; UNS Energy that offers vertically integrated utility services; Central Hudson which provides regulated electric and gas T&D utility services; FortisBC Energy that distributes natural gas in British Columbia; FortisAlberta which involves in the ownership and operation of regulated electricity distribution facilities; FortisBC Electric includes the ownership of hydroelectric generating plants, high voltage transmission lines, and a large network of distribution assets; and Other Electric that contains utilities in the eastern Canada and Caribbean. The Non-Regulated segment consists of energy Infrastructure which is primarily comprised of long-term contracted generation assets in British Columbia and Belize, and a gas storage facility in British Columbia; and Corporate & Other that includes expenses and revenue items not specifically related to business operations. The company was founded in 1887 and is headquartered in St. John's, Canada.

Contact Data
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Executives & Employees

President & Chief Executive Officer

Executive Vice President & Chief Financial Officer

Chief Operating Officer

Vice President, General Counsel

Executive Vice President, Business Development & Chief Technology Officer

Vice President, Chief Information Officer

Executive Vice President, Chief Legal Officer & Corporate Secretary

Vice President, Controller

Executive Vice President, Sustainability & Chief Human Resource Officer

Executive Vice President, Eastern Canadian & Caribbean Operations

Board of Directors

Former Chief Executive Officer at Stuart Olson, Inc.

Partner at Wave Venture Partners, Inc.

Former President at Direct Energy Business LLC

Strategy Director-Center for Healthcare Management at University of British Columbia

President & Chief Executive Officer at Fortis, Inc.

Former President & Chief Operating Officer at Integrys Energy Group, Inc.

Former President, Chief Executive Officer & Treasurer at ITC Holdings Corp.

Former Chairman & Chief Executive Officer at Tucson Electric Power Co., Inc.

Former President at TeleCorp PCS, Inc.

Former Chief Financial Officer & Executive Vice President at Canadian Western Bank

Paths to Fortis, Inc.
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Fortis, Inc.
Owners & Shareholders
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BMO seeks to achieve consistent, above average returns through a risk-controlled approach to asset management. The firm attempts to reduce risk through the use of different asset classes, diversification and intensive individual security analysis. Their equity investment approach focuses on investments in companies with the potential to create long-term wealth. Though not limited by sector, the firm tends to invest in the stocks of companies in the finance, energy minerals, non-energy minerals and industrial services sectors. BMO's fixed-income investment approach seeks capital preservation and returns commensurate with a given level of risk.

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FCAM's investment approach is based the belief that in-depth fundamental analysis of companies can identify securities that may outperform the market. The firm's global research resources include seasoned, sector-focused fundamental analysts covering industry sectors across Canadian, US and global markets, as well as quantitative and technical portfolio managers and analysts. FCAM offers a wide variety of investment solutions including: Canadian, US and International/Global equity strategies; Diversified, Active/Single Sector, and Custom (Liability-Driven and Tactical Bond) fixed-income strategies; and Multi-Asset Class Asset Allocation Products including Strategic Balanced, Tactical Asset Allocation and Balanced Trust Services.

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GQG Partners seek long-term capital appreciation by investing primarily in the equity securities of both US and non-US issuers that they believe have durable earnings potential that is undervalued by the market. The firm typically invests in common and preferred stock and other publicly traded equity securities. With an investment horizon of five years, portfolio holdings tend to be stable over time. GQG Partners sell companies when their risks or opportunities fundamentally changes, or when the stock price no longer reflects a good value. They will also sell companies when they find more attractive alternatives. GQG Partners offers four investment strategies: Global Equity, International Equity, Emerging Markets Equity and US Equity. The Global Equity Strategy generally invests in equity securities or equity-linked instruments of companies located anywhere in the world, including emerging markets countries and the US. The International Equity Strategy generally invests the bulk of its assets in equity securities or equity-linked instruments of companies located in or principally exposed to countries outside the US, including issuers in emerging markets countries. The Emerging Markets Equity Strategy generally invests the bulk of its assets in equity securities of companies located in or principally exposed to emerging markets countries without regard to their capitalization. The US Equity Strategy generally invests the bulk of its assets in equity securities or equity-linked instruments of companies located in or principally exposed to the United States. All four strategies have no limitation on the capitalization size of the companies in which it invests.

Recent Transactions
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Fortis, Inc., ITC Midwest LLC purchase Jo-Carroll Energy, Inc. /Electric Transmission Assets from Jo-Carroll Energy, Inc.

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Fortis, Inc. purchases ITC Holdings Corp.

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GIC Pte Ltd. purchases ITC Holdings Corp. from Fortis, Inc.

Transaction Advisors

Advised onFortis, Inc. issued Subscription Receipts


Advised onFortis, Inc. issued Subscription Receipts


Advised onFortis, Inc. issued Subscription Receipts

Legal Advisor

Advised onFortis, Inc. purchases ITC Holdings Corp.

Legal Advisor

Advised onFortis, Inc. purchases ITC Holdings Corp.

Legal Advisor

Advised onFortis, Inc. purchases ITC Holdings Corp.

Advisors & Consultants

Member at Golden Angels Investors LLC

Legal Advisor

Partner at Davies Ward Phillips & Vineberg LLP

Legal Advisor

Partner at White & Case LLP


Kinder Morgan, Inc. is an energy infrastructure company. It engages in the operation of pipelines and terminals that transport natural gas; gasoline; crude oil; carbon dioxide (CO2) and other products and stores petroleum products chemicals; and handles bulk materials like ethanol, coal, petroleum coke and steel. The firm operates through the following segments: Natural Gas Pipelines, CO2, Terminals, Product Pipelines and Kinder Morgan Canada. The Natural Gas Pipelines segment engages in the ownership and operation of major interstate and intrastate natural gas pipeline & storage systems, and natural gas & crude oil gathering systems and natural gas processing & treating facilities. The CO2 segment is focused on the production, transportation and marketing of CO2 to oil fields that use CO2 as a flooding medium for recovering crude oil from mature oil fields to increase production. The Terminals segment engages in the ownership and operation of liquids and bulk terminal facilities located throughout the U.S. and portions of Canada that transload and store refined petroleum products, crude oil, chemicals, ethanol & bulk products, including coal, petroleum coke, fertilizer, steel and ores. The Products Pipelines segment owns and operates refined petroleum products, NGL and crude oil and condensate pipelines that primarily deliver, among other products, gasoline, diesel & jet fuel, propane, crude oil and condensate to various markets. The Kinder Morgan Canada segment is focused on the operation of the Trans Mountain pipeline system that transports crude oil and refined petroleum products from Edmonton, Alberta, Canada for marketing terminals and refineries in British Columbia, Canada and the state of Washington. The company was founded by Richard D. Kinder and William V. Morgan in February 1997 and is headquartered in Houston, TX.

Freeport-McMoRan, Inc. engages in the mining of copper, gold, and molybdenum. It operates through the following segments: North America Copper Mines; South America Mining; Indonesia Mining; Molybdenum Mines; Rod and Refining; Atlantic Copper Smelting and Refining; and Corporate, Other, and Eliminations. The North America Copper Mines segment operates open-pit copper mines in Morenci, Bagdad, Safford, Sierrita and Miami in Arizona; and Chino and Tyrone in New Mexico. The South America Mining segment includes Cerro Verde in Peru and El Abra in Chile. The Indonesia Mining segment handles the operations of Grasberg minerals district that produces copper concentrate that contains significant quantities of gold and silver. The Molybdenum Mines segment includes the Henderson underground mine and Climax open-pit mine, both in Colorado. The Rod and Refining segment consists of copper conversion facilities located in North America, and includes a refinery, rod mills, and a specialty copper products facility. The Atlantic Copper Smelting and Refining segment smelts and refines copper concentrate and markets refined copper and precious metals in slimes. The Corporate, Other, and Eliminations segment consists of other mining and eliminations, oil and gas operations, and other corporate and elimination items. The company was founded by James R. Moffett on November 10, 1987 and is headquartered in Phoenix, AZ.

Exelon Corp. operates as a utility services holding company, which engages in the energy generation, power marketing, and energy delivery business. The company operates through the following segments: Mid Atlantic, Midwest, New England, New York, Electric Reliability Council of Texas (ERCOT) and other Power Regions. The Mid-Atlantic segment represents operations in the eastern half of PJM, which includes New Jersey, Maryland, Virginia, West Virginia, Delaware, the District of Columbia and parts of Pennsylvania and North Carolina. The Midwest segment represents operations in the western half of PJM, which includes portions of Illinois, Pennsylvania, Indiana, Ohio, Michigan, Kentucky and Tennessee, and the United States footprint of MISO, excluding MISO's Southern Region, which covers all or most of North Dakota, South Dakota, Nebraska, Minnesota, Iowa, Wisconsin, the remaining parts of Illinois, Indiana, Michigan and Ohio not covered by PJM, and parts of Montana, Missouri and Kentucky. The New England (NE) segment represents the operations within (International Standards Organization) ISO-NE covering the states of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont. The New York (NY) segment represents operations within ISO-NY, which covers the state of New York in its entirety. The ERCOT segment represents operations within Electric Reliability Council of Texas, covering most of the state of Texas. Exelon was founded in February 1999 and is headquartered in Chicago, IL.

Key Stats and Financials As of 2018
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Political Donations
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Express Pipeline Ltd. operated crude petroleum pipelines. The company is headquartered in Calgary, Canada.

Lime Energy Co. Other Consumer Durables | Huntersville, NC

Lime Energy Co. engages in the provision of utilities with customer relationship services. It provides energy efficiency for small business customers and designs and implements direct install programs for its utility clients. It engages in energy efficiency services which include program design, program management, marketing and customer recruitment, auditing and installation of energy conservation measures for small business customers of utilities or public utility commissions. The company was founded on December 5, 1997 and is headquartered in Newark, NJ.

Union Gas Limited Power & Utilities | Chatham, ON

Union Gas Ltd. engages in the storage, transmission, and distribution of natural gas. It provides natural energy gas delivery and related services to residential, commercial, and industrial customers. The company was founded by Denis A. Coste and Eugene M. Coste on December 19, 1911 and is headquartered in Chatham, Canada.

Clearway Energy, Inc. Appliances & Electronics | Princeton, NJ

Clearway Energy, Inc. operates as a dividend growth-oriented company. It owns a portfolio of contracted renewable and conventional generation and thermal infrastructure assets. The firm also owns thermal infrastructure assets, which provide steam, hot and chilled water, as well as in some instances electricity to commercial businesses, universities, hospitals and governmental units. NRG Yield operates through the following segments: Conventional Generation, Thermal, Renewable and Corporate. The company was founded on December 20, 2012 and is headquartered in Princeton, NJ.

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