Fortis Inc.
FORFF
Other OTC15.73
USD
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Fortis Inc.
FORFF
(Other OTC)
Recent
price
15.73
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Fortis Inc. Fortis Inc. operates as an international diversified electric and gas utility holding company that generates, transmits and distributes electricity and natural gas through its nine regulated utilities serving approximately 3.5 million customers across Canada, the United States and the Caribbean. The company owns and operates extensive regulated infrastructure including ITC Holdings Corp., the largest independent electricity transmission company in the U.S. with high-voltage lines spanning Michigan, Iowa, Minnesota, Illinois, Missouri, Kansas, Oklahoma and Wisconsin serving a peak load exceeding 22,683 megawatts; UNS Energy, which provides electricity to over 452,000 customers and natural gas to 170,000 customers in Arizona with 3,442 megawatts of generating capacity; FortisBC, delivering renewable energy, natural gas to 1.1 million customers and electricity to 195,000 customers across British Columbia with 51,700 kilometers of gas pipelines and 7,400 kilometers of power lines; FortisAlberta, serving more than 603,000 customers across central and southern Alberta with 91,100 kilometers of distribution lines; Central Hudson, a transmission and distribution utility for 405,000 customers in New York's Mid-Hudson River Valley with 15,300 kilometers of power lines and 2,400 kilometers of gas pipelines; Newfoundland Power, the principal electricity distributor on Newfoundland and Labrador's island portion serving 277,000 customers with 145 megawatts of generating capacity and 11,600 kilometers of power lines; Maritime Electric, the integrated utility on Prince Edward Island serving 91,000 customers with 90 megawatts of generating capacity and 7,000 kilometers of power lines; FortisOntario, operating Canadian Niagara Power, Cornwall Street Railway Light & Power and Algoma Power serving 70,000 customers with 3,400 kilometers of power lines and managing the Wataynikaneyap Power Transmission project; and Caribbean Utilities Company, an approximately 60% owned integrated electric utility serving 35,000 customers on Grand Cayman with 166 megawatts of generating capacity and 800 kilometers of power lines. Fortis maintains a decentralized model with local leadership teams and independent boards for each utility, focusing on 99% regulated assets emphasizing transmission, distribution, energy delivery and renewable generation by 2035; its portfolio features significant renewable capacity including 3,200 megawatts of hydroelectric, 475 megawatts of wind and 220 megawatts of solar power alongside energy efficiency programs, smart meter installations for 1.3 million customers and demand response solutions for commercial and industrial segments. Founded in 1987 and headquartered in St. John's, Newfoundland and Labrador, Fortis operates in 16 jurisdictions with total generation capacity of 4,495 megawatts, 6,693 kilometers of transmission lines and 75,000 kilometers of distribution lines. In 2025, the company unveiled a new five-year capital plan of $28.8 billion, an increase of $2.8 billion from the prior plan supporting 7% annualized rate base growth through low-risk projects focused on resource requirements, renewable generation, energy storage and natural gas; it also announced a 4% increase in its fourth quarter dividend alongside third quarter results reflecting $409 million in profit.