Fortis Inc. is a St. John’s, Newfoundland and Labrador-based international diversified electric utility holding company. It operates in Canada, the United States, Central America, and the Caribbean. In 2015, it earned $6.7 billion CAD.
Fortis was formed in 1987, when shareholders of the regulated transmission and distribution utility Newfoundland Light & Power Co. voted to form a separate holding company. NL&P shares were exchanged for Fortis shares on a one-to-one basis, with the regulated NL&P becoming a 100% owned subsidiary.
Traded as: TSX: FTS; S&P/TSX 60 component
Industry: Electricity generation & distribution
Founded: 1987
Headquarters: St. John’s, Newfoundland and Labrador, Canada
Products: Electricity
Revenue: Green Arrow Up.svg$6.7 billion CAN
Website: www.fortisinc.com
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