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Fortis Inc. (FTS)

NYSE - NYSE Delayed Price. Currency in USD
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40.18-0.13 (-0.32%)
At close: 04:00PM EST
40.18 0.00 (0.00%)
After hours: 04:17PM EST

Fortis Inc.

Fortis Place
Suite 1100 5 Springdale Street PO Box 8837
Saint John's, NF A1E 0E4
Canada

https://www.fortisinc.com

Sector(s)Utilities
IndustryUtilities—Regulated Electric
Full Time Employees9,100

Key Executives

NameTitlePayExercisedYear Born
Mr. David Gerard HutchensPres, CEO & Director2.65MN/A1967
Ms. Jocelyn H. PerryExec. VP & CFO1.1M325.18k1971
Mr. James R. ReidExec. VP of Sustainability & Chief Legal Officer1.01MN/AN/A
Mr. Gary J. SmithExec. VP of Operations & InnovationN/AN/A1962
Mr. Kevin D. WoodburyVP of Innovation & TechnologyN/AN/AN/A
Mr. Ronald J. HinsleyChief Information Officer & VPN/AN/AN/A
Ms. Stephanie A. AmaimoVP of Investor RelationsN/AN/AN/A
Ms. Karen M. McCarthy BPR, M.EdVP of Communications & Corp. AffairsN/AN/AN/A
Mr. Regan P. O'DeaVP & Gen. CounselN/AN/AN/A
Ms. Susan M. GrayExec. VP of Western Utility OperationsN/AN/A1973
Amounts are as of December 31, 2021 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 USD.

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 438,000 retail customers in southeastern Arizona; and 100,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,485 megawatts (MW), including 53 MW of solar capacity and 252 MV of wind 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 1,065,000 residential, commercial, and industrial customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 577,000 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 130 MW. Additionally, it provides integrated electric utility service to approximately 68,000 customers in Ontario; approximately 272,000 customers in Newfoundland and Labrador; approximately 32,000 customers on Grand Cayman, Cayman Islands; and approximately 16,000 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 90,200 circuit Kilometers (km) of distribution lines; and approximately 50,500 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 October 1, 2022 is 1. The pillar scores are Audit: 1; Board: 1; Shareholder Rights: 1; 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.