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Fortis Inc. (FTS.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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53.38-0.51 (-0.95%)
At close: 3:59PM EDT

Fortis Inc.

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

Sector(s)Utilities
IndustryUtilities—Regulated Electric
Full Time Employees9,000

Key Executives

NameTitlePayExercisedYear Born
Mr. Barry V. PerryPres, CEO & Director4.35M8.09M1965
Ms. Jocelyn H. PerryExec. VP & CFO1.62M271.95kN/A
Mr. David Gerard HutchensChief Operating Officer2.41MN/A1967
Mr. James P. LauritoExec. VP of Bus. Devel. & CTO2.16MN/A1956
Ms. Nora M. Duke C.A., CAExec. VP of Sustainability & Chief Human Resource Officer1.45MN/A1962
Amounts are as of December 31, 2019 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 countries. It generates, transmits, and distributes electricity to approximately 429,000 retail customers in southeastern Arizona; and 97,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,143 megawatts (MW), including 59 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 65 MW; and distributes natural gas to approximately 1,041,000 residential, commercial and industrial and transportation customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 568,000 customers in southern and central Alberta; owns 4 hydroelectric generating facilities with a combined capacity of 225 MW; and provides operation, maintenance, and management services to five hydroelectric generating facilities. Further, the company distributes electricity in the island portion of Newfoundland and Labrador with an installed generating capacity of 143 MW; and on Prince Edward Island with a generating capacity of 140 MW. Additionally, it provides integrated electric utility service to approximately 66,000 customers in Ontario; approximately 269,000 customers in Newfoundland and Labrador; approximately 31,000 customers on Grand Cayman, Cayman Islands; and approximately 15,000 customers on certain islands in Turks and Caicos. The company also holds long-term contracted generation assets in Belize consisting of 3 hydroelectric generating facilities with a combined capacity of 51 MW; and the Aitken Creek natural gas storage facility. It also owns and operates approximately 91,000 circuit Kilometers (km) of distribution lines; and approximately 49,500 km of 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 December 8, 2019 is 1. The pillar scores are Audit: 1; Board: 2; Shareholder Rights: 1; Compensation: 3.

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.