27:
145:
1125:
324:
On
February 21, 2012, CH Energy Group (a holding company for Central Hudson Gas & Electric, an upstate New York utility), announced a pending acquisition by Fortis valued at $ 1.5 billion. On June 27, 2013, Fortis Inc. closed on its acquisition of CHG.
262:
In addition to its regulated
Canadian assets, Fortis also owns unregulated assets in Ontario, British Columbia, and Newfoundland. The majority of its unregulated business consists of hydroelectric generating plants.
1166:
248:
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.
224:
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.
1156:
453:
317:, for US$ 700 million, pending stockholder and regulatory approval; this acquisition would be Fortis' first utility acquisition in the United States.
681:
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494:
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714:
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601:
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190:
114:
790:
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270:(BEL) and a 95% interest in Belize Electric Co. Ltd. The Belize Association of Non-Government Organisations took Fortis to the
658:
CH Energy Group press release: "CH Energy Group, Inc. to be
Acquired by Fortis Inc. In Agreement Valued at U.S. $ 1.5 Billion"
602:"Fortis press release: "Fortis Inc. To Acquire Central Vermont Public Service Corporation For US$ 700 Million", May 30, 2011"
634:
879:
859:
366:
1034:
819:
405:
310:
339:, the largest independent transmission utility in the United States, for US$ 11.3 billion in cash and stock.
864:
783:
768:
889:
430:
267:
520:
389:
379:
220:
Fortis was formed in 1987, when shareholders of the regulated transmission and distribution utility
824:
761:
498:
425:
306:
supported a movement to stop this dam. Fortis and the
Government of Belize supported the project.
240:, Canada's largest publicly traded utility. As a result of this acquisition, Fortis became one of
1109:
1009:
657:
255:, which had sold the BC gas utility as a non-strategic asset included in its 2005 acquisition of
706:
1146:
944:
924:
854:
776:
77:
54:
1099:
1039:
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608:
375:
1151:
1044:
399:
8:
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994:
415:
295:
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development project. Ecologists were concerned over the future of species such as the
244:
major regulated electrical distribution companies, serving 415,000 Albertans in 2005.
1104:
1029:
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473:
409:
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as the project would flood 10 km of rainforest in Belize. Celebrities such as
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37:
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844:
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63:
45:
459:
Griffith Energy
Services, a petroleum supplier in the eastern United States.
979:
974:
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839:
814:
361:
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275:
241:
233:
798:
472:
Another
Canadian Maritime Multinational Energy Operator/Investor begun as
318:
279:
256:
1054:
1049:
329:
232:
The company expanded into
Western Canada in 2003 with its purchase of
1079:
1004:
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237:
210:
58:
1019:
999:
939:
351:
309:
On May 30, 2011, it was announced that Fortis has plans to acquire
26:
1064:
1014:
919:
874:
849:
314:
682:"Fortis Inc. To Acquire ITC Holdings Corp. For US$ 11.3 billion"
360:
FortisAlberta Inc., a holding company for assets purchased from
969:
869:
434:
198:
748:
456:, hydro generation in New York state and central Newfoundland.
335:
On
February 9, 2016, Fortis announced an agreement to acquire
1089:
934:
757:
670:
Canadian
Utility Buys UNS Energy of Arizona for $ 2.5 Billion
469:
291:
266:
Fortis' interests in the Caribbean include a 67% interest in
738:
572:
December 10, 2003 pg. E01 retrieved via Ebbsco July 20, 2006
173:
519:
Dec 8, Castanet Staff-; Story: 183120, 2016 / 10:59 am |.
743:
347:
Fortis currently owns the following regulated utilities:
1167:
Companies based in St. John's, Newfoundland and Labrador
392:; Fortis' original operating electric power subsidiary
274:
in 2003 to have a new environmental assessment of the
1120:
449:
Fortis also operates three non-regulated companies:
193:-based international diversified electric utility
1138:
635:"Gaz Metro Bests Fortis to Buy Vermont Utility"
1157:Companies listed on the Toronto Stock Exchange
518:
784:
328:In 2013, Fortis announced its acquisition of
80:& distribution, Natural Gas Distribution
543:: CS1 maint: numeric names: authors list (
791:
777:
321:offered a higher price and acquired CVPS.
251:In 2007, Fortis acquired Terasen Gas from
25:
495:"Company Profile for Fortis Inc (CA;FTS)"
313:, an electric utility in the US state of
591:- January 31, 2004: CaribbeanNetNews.com
521:"FortisBC bill going up - Kelowna News"
487:
272:Judicial Committee of the Privy Council
1177:Canadian companies established in 1987
1139:
236:'s Canadian assets, formerly owned by
772:
707:"Company Profile | FortisOntario Inc"
632:
404:FortisOntario, a holding company for
191:St. John's, Newfoundland and Labrador
115:St. John's, Newfoundland and Labrador
1172:Energy companies established in 1987
342:
1110:Wheaton Precious Metals Corporation
398:, serving 90% of the population of
388:, serving 85% of the population of
127:David Hutchens, President & CEO
13:
1162:Electric power companies of Canada
880:Canadian Imperial Bank of Commerce
875:Canadian Apartment Properties REIT
860:Brookfield Infrastructure Partners
222:Newfoundland Light & Power Co.
14:
1188:
732:
582:Privy Council approves Belize dam
367:Central Hudson Gas & Electric
1123:
144:
143:
1035:Restaurant Brands International
820:Algonquin Power & Utilities
717:from the original on 2020-09-24
699:
674:
663:
651:
626:
594:
575:
563:
551:
512:
406:Canadian Niagara Power Company
332:, an Arizona utility company.
311:Central Vermont Public Service
1:
480:
865:Brookfield Property Partners
660:Retrieved February 21, 2012.
424:FortisTCI, a utility in the
227:
7:
749:Caribbean Utilities Company
463:
90:; 37 years ago
10:
1193:
890:Canadian Natural Resources
633:Ahmed, Azam (2011-07-12).
431:Belize Electricity Limited
268:Belize Electricity Limited
810:
739:Fortis - official website
390:Newfoundland and Labrador
380:UniSource Energy Services
168:
158:
139:
131:
121:
110:
102:
84:
73:
43:
33:
24:
825:Alimentation Couche-Tard
762:Turks and Caicos Islands
426:Turks and Caicos Islands
135:Electricity, Natural Gas
16:Canadian utility company
1010:National Bank of Canada
744:Belize Electricity Ltd.
945:First Quantum Minerals
925:Constellation Software
855:Brookfield Corporation
382:, utilities in Arizona
78:Electricity generation
1100:Toronto-Dominion Bank
1040:Rogers Communications
376:Tucson Electric Power
213:. In 2015, it earned
1045:Royal Bank of Canada
802:companies of Canada
558:Fortis Annual Report
400:Prince Edward Island
1060:Shaw Communications
995:Magna International
418:, a utility in the
416:Caribbean Utilities
296:black howler monkey
160:Number of employees
21:
1070:Sun Life Financial
985:Kirkland Lake Gold
587:2006-09-24 at the
470:Emera Incorporated
412:, and Algoma Power
386:Newfoundland Power
337:ITC Holdings Corp.
19:
1118:
1117:
1105:Waste Connections
1030:Power Corporation
885:Canadian National
805:
711:fortisontario.com
474:Nova Scotia Power
454:Fortis Generation
410:Cornwall Electric
396:Maritime Electric
343:Owns and Operates
197:. It operates in
184:
183:
1184:
1133:
1131:Companies portal
1128:
1127:
1126:
1025:Pembina Pipeline
990:Loblaw Companies
895:Canadian Pacific
835:Bank of Montreal
803:
793:
786:
779:
770:
769:
726:
725:
723:
722:
703:
697:
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649:
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630:
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623:
621:
619:
614:on July 26, 2011
613:
607:. Archived from
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598:
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555:
549:
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542:
534:
532:
531:
525:www.castanet.net
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510:
509:
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506:
497:. Archived from
491:
440:ITC Transmission
356:British Columbia
284:hydroelectricity
216:
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91:
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1095:Thomson Reuters
806:
804:(June 22, 2020)
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589:Wayback Machine
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493:
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433:, a utility in
369:, a utility in
354:, a utility in
345:
230:
215:CA$ 6.7 billion
214:
207:Central America
195:holding company
172:
161:
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124:
94:
92:
89:
69:
48:
17:
12:
11:
5:
1190:
1180:
1179:
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1149:
1147:S&P/TSX 60
1135:
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922:
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915:Cenovus Energy
912:
910:CCL Industries
907:
902:
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892:
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872:
867:
862:
857:
852:
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837:
832:
827:
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817:
811:
808:
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800:S&P/TSX 60
796:
795:
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781:
773:
767:
766:
765:
764:
755:
753:Cayman Islands
746:
734:
733:External links
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905:Canopy Growth
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900:Canadian Tire
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845:Bausch Health
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686:Business Wire
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501:on 2012-02-17
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300:Harrison Ford
297:
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288:scarlet macaw
285:
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253:Kinder Morgan
249:
247:
246:ATCO Electric
243:
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212:
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203:United States
200:
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152:8.783 billion
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109:
106:Angus Bruneau
105:
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65:
62:
60:
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53:
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47:
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39:
36:
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23:
980:Kinross Gold
975:Imperial Oil
954:
950:FirstService
840:Barrick Gold
830:AtkinsRéalis
815:Agnico Eagle
719:. Retrieved
710:
701:
690:. Retrieved
688:. 2016-02-09
676:
665:
653:
642:. Retrieved
638:
628:
616:. Retrieved
609:the original
596:
577:
570:Toronto Star
569:
565:
557:
553:
528:. Retrieved
524:
514:
503:. Retrieved
499:the original
489:
448:
362:Aquila, Inc.
346:
334:
327:
323:
308:
304:Cameron Diaz
282:which was a
276:Chalillo Dam
265:
261:
250:
234:Aquila, Inc.
231:
219:
186:
185:
164:5,936 (2008)
111:Headquarters
34:Company type
1152:Fortis Inc.
280:Macal River
257:Terasen Inc
209:, and the
187:Fortis Inc.
20:Fortis Inc.
1141:Categories
1055:Scotiabank
721:2020-11-29
692:2016-02-25
644:2020-11-29
530:2020-11-29
505:2008-10-08
481:References
330:UNS Energy
176:.fortisinc
123:Key people
1080:TC Energy
930:Dollarama
758:FortisTCI
319:Gaz Métro
242:Alberta's
238:TransAlta
228:Expansion
211:Caribbean
66:component
46:Traded as
1020:OpenText
1000:Manulife
940:Enbridge
715:Archived
639:DealBook
585:Archived
539:cite web
464:See also
371:New York
352:FortisBC
294:and the
132:Products
117:, Canada
74:Industry
1065:Shopify
1015:Nutrien
618:May 31,
315:Vermont
278:on the
169:Website
140:Revenue
103:Founder
93: (
85:Founded
57::
1050:Saputo
970:Gildan
955:Fortis
870:Cameco
435:Belize
290:, the
201:, the
199:Canada
154:(2019)
38:Public
1090:Telus
1005:Metro
935:Emera
612:(PDF)
605:(PDF)
292:tapir
189:is a
1085:Teck
620:2011
560:2005
545:link
378:and
302:and
178:.com
150:CA$
95:1987
88:1987
920:CGI
850:BCE
174:www
59:FTS
55:TSX
1143::
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537:{{
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97:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
