FTS.TO - Fortis Inc.

Toronto - Toronto Delayed Price. Currency in CAD

Fortis Inc.

Fortis Place
Suite 1100 5 Springdale Street PO Box 8837
St. John's, NF A1B 3T2
Canada
709-737-2800
http://www.fortisinc.com

SectorUtilities
IndustryUtilities—Regulated Electric
Full Time Employees8,800

Key Executives

NameTitlePayExercisedYear Born
Mr. Barry V. PerryPres, CEO & Director3.42M196.37k1965
Ms. Jocelyn H. PerryExec. VP & CFO1.12M22.86kN/A
Mr. James P. LauritoExec. VP of Bus. Devel. & CTO1.76MN/A1956
Ms. Nora M. Duke C.A., CAExec. VP of Sustainability & Chief Human Resource Officer1.17M217.31k1962
Mr. David Gerard HutchensExec. VP of Western Utility Operations2.15MN/A1967
Amounts are as of December 31, 2018 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in CAD.

Description

Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean. It generates, transmits, and distributes electricity to approximately 425,000 retail customers in southeastern Arizona; and 97,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,377 MW (MW), including 57 MW of solar capacity. The company also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectric generating capacity totaling 64 MW; and distributes natural gas to approximately 1,030,000 customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 564,000 customers in southern and central Alberta; owns four hydroelectric generating facilities with a combined capacity of 225 MW; and provides operation, maintenance, and management services to hydroelectric generating facilities. Further, the company distributes electricity in the island portion of Newfoundland and Labrador serving approximately 268,000 customers with an installed generating capacity of 139 MW; and on Prince Edward Island serving approximately 81,000 customers through generating facilities with a combined capacity of 145 MW. Additionally, it provides integrated electric utility service to approximately 176,000 customers in British Columbia; approximately 268,000 customers in Newfoundland and Labrador; approximately 30,000 customers on Grand Cayman, Cayman Islands; and approximately 15,000 customers on certain islands in Turks and Caicos, as well as holds long-term contracted generation assets in British Columbia and Belize, and the Aitken Creek natural gas storage facility. It also owns and operates transmission and distribution lines; and natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.

Corporate Governance

Fortis Inc.’s ISS Governance QualityScore as of October 4, 2019 is 1. The pillar scores are Audit: 1; Board: 1; Shareholder Rights: 3; Compensation: 2.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.