Fortis
Type	Public
Founded	1987
Headquarters	St. John's, Newfoundland Canada
Key people	H. Stanley Marshall, President & CEO
Industry	Electricity generation & distribution
Products	Electricity
Revenue	$1,440,000,000 CAN
Employees	1,150 (2005)
Website	www.fortisinc.com

Fortis Inc. TSX: FTS is a St. John's, Newfoundland and Labrador based international diversified electric utility holding company. It primarily operates in Canada and the Caribbean. In 2005, it earned a profit of $137.1 million Canadian from revenue of $1.44 billion. [1] Image File history File links Fortis_logo. ... General public redirects here. ... Year 1987 (MCMLXXXVII) was a common year starting on Thursday (link displays 1987 Gregorian calendar). ... St. ... World-wide electricity production for 1980 to 2005. ... Electricity (from New Latin Ä“lectricus, amberlike) is a general term for a variety of phenomena resulting from the presence and flow of electric charge. ... For the tax agency in Ireland of the same name, see Revenue Commissioners. ... Green up arrow for a positive change in revenue from last fiscal year. ... C$ redirects here. ... This article is about work. ... A website (alternatively, Web site or web site) is a collection of Web pages, images, videos or other digital assets that is hosted on one or several Web server(s), usually accessible via the Internet, cell phone or a LAN. A Web page is a document, typically written in HTML... “TSX” redirects here. ... Nickname: Motto: Avancez (Go forward) Coordinates: , Country Province Established August 5, 1583 by Royal Charter of Queen Elizabeth I Government  - City Mayor Andy Wells  - Governing body St. ... West Indies redirects here. ...

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. Year 1987 (MCMLXXXVII) was a common year starting on Thursday (link displays 1987 Gregorian calendar). ... The Newfoundland Light and Power Company Limited was formed by the Royal Securities Corporation of Montreal in 1924. ...

Fortis currently owns the following regulated utilities:

• Newfoundland Power, serving 85% of the population of Newfoundland and Labrador
• Maritime Electric, serving 90% of the population of Prince Edward Island
• FortisOntario, a holding company for Canadian Niagara Power and Cornwall Electric
• FortisAlberta, a holding company for assets purchased from Aquila, Inc.
• FortisBC, a utility in British Columbia
• Belize Electricity, a utility in Belize
• Caribbean Utilities, a utility in the Cayman Islands
• Terasen Gas, a utility supplying natural gas to 95% of gas users in British Columbia

Fortis also operates two non-regulated companies: The Newfoundland Light and Power Company Limited was formed by the Royal Securities Corporation of Montreal in 1924. ... This article is about the Canadian province of Newfoundland and Labrador. ... This article is about the Canadian province. ... Aquila, Inc. ... FortisBC Inc. ... Motto: Splendor sine occasu (Latin: Splendour without diminishment) Capital Victoria Largest city Vancouver Official languages English (de facto) Government Lieutenant-Governor Steven Point Premier Gordon Campbell (BC Liberal) Federal representation in Canadian Parliament House seats 36 Senate seats 6 Confederation July 20, 1871 (6th province) Area  Ranked 5th Total 944... Caribbean Utilities Company, Ltd. ... Natural gas distribution company in British Columbia, Canada. ...

• Fortis Generation, a consolidation of all electrical generating assets from the above regulated companies.
• Fortis Properties, a real estate company.

Commentary

The company expanded into Western Canada in 2003 with its purchase of Aquila, Inc.'s Canadian assets, formerly owned by TransAlta, Canada's largest publicly traded utility. As a result of this acquisition, Fortis became one of Alberta's major regulated electrical distribution companies, serving 415,000 Albertans in 2005. ATCO Electric is Alberta's other regulated distribution company. Also as a result of the 2003 acquisition, Fortis owns regulated generation, transmission, and distribution assets in British Columbia. Aquila, Inc. ... TransAlta Corporation (TSX: TA) (NYSE: TAC) is a Canadian energy company based in Calgary, Alberta. ... ATCO Electric is an electric utility company. ...

In 2007, Fortis acquired Terasen Gas from Kinder Morgan, which had sold the BC gas utility as a non-strategic asset included in its 2005 acquisition of Terasen Inc. Kinder-Morgan Energy Partners LP is a company that through various companies owns and/or operates petroleum product, natural gas, and carbon dioxide pipelines, related storage facilities, terminals, and power plants in the United States. ... Terasen Inc (TSX: TER) is a 99% shareholder-owned energy company based in Vancouver, British Columbia, Canada. ...

In addition to its regulated Canadian assets, Fortis also owns unregulated assets in Ontario, British Columbia, and Newfoundland. The majority of its unregulated business is comprised of hydroelectric generating plants. [2]

Fortis' interests in the Caribbean include a 67% interest in Belize Electricity Ltd and a 95% interest in Belize Electric Co. Ltd or (BEL). The Belize Association of Non-Government Organisations took Fortis to the Judicial Committee of the Privy Council in 2003 to have a new environmental assessment of the Chalillo Dam on the Macal River which was a hydroelectricity development project. Ecologists were concerned over the future of species such as the scarlet macaw, the tapir and the black howler monkey as the project would flood 10 km² of rainforest in Belize. Celebrities such as Harrison Ford and Cameron Diaz supported a movement to stop this dam. Fortis and the Government of Belize supported the project. [3] The Judicial Committee of the Privy Council is one of the highest courts in the United Kingdom. ... The Macal River is a river running through Cayo province in western Belize. ... Hydroelectricity is electricity produced by hydropower. ... Binomial name (Linnaeus, 1758) The Scarlet Macaw (Ara macao) is a large, colourful parrot. ... Species Tapirus bairdii Tapirus indicus Tapirus pinchaque Tapirus terrestris Tapirs (IPA:ˈteɪpÉ™r, pronounced as in taper, or IPA:təˈpɪər, pronounced as in tap-ear) are large browsing mammals, roughly pig-like in shape, with short, prehensile snouts. ... Binomial name (Humboldt, 1812) The Black Howler Monkey (Alouatta caraya) is a species of howler monkey, a large New World monkey, from Argentina, Bolivia, Brazil and Paraguay, being the southernmost member of the Alouatta genus. ... For the silent film actor, see Harrison Ford (silent film actor). ... Cameron Michelle Diaz (born August 30, 1972) is an American actress and former fashion model. ...

References

[1] Toronto Star February 8, 2006 Business, pg. E04 retrieved via Ebbsco 20 July 2006

[2] Fortis Annual Report 2005

[3] Toronto Star December 10, 2003 pg. E01 retrieved via Ebbsco 20 July 2006

Privy Council approves Belize dam - January 31st, 2004: CaribbeanNetNews.com

External links

• Fortis - official website

• Belize Electricity Ltd.
• Caribbean Utilities Company - Cayman Islands