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Fortis Inc. (FORFF)

OTC Markets OTCPK - OTC Markets OTCPK Delayed price. Currency in USD
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13.98-1.32 (-8.64%)
As of 10:46AM EDT. Market open.

Fortis Inc.

Fortis Place
Suite 1100 5 Springdale Street PO Box 8837
St. John's, NF A1E 0E4
Canada
709 737 2800
https://www.fortisinc.com

Sector(s)Utilities
IndustryUtilities - Regulated Electric
Full-time employees9,600

Key executives

NameTitlePayExercisedYear born
Mr. David Gerard HutchensPresident, CEO & Director4.45MN/A1967
Ms. Jocelyn H. PerryExecutive VP & CFO1.57MN/A1971
Mr. Gary J. SmithExecutive Vice President of Operations & Innovation1.37MN/A1962
Mr. James R. ReidExecutive VP of Sustainability & Chief Legal Officer1.44MN/AN/A
Mr. Stuart R. LochraySenior Vice President of Capital Markets & Business Development905.6kN/A1973
Mr. Kevin D. WoodburyVice President of Innovation & TechnologyN/AN/AN/A
Ms. Keri L. GlitchChief Information Officer & VPN/AN/AN/A
Ms. Stephanie A. AmaimoVice President of Investor RelationsN/AN/AN/A
Ms. Karen M. McCarthy BPR, M.EdVice President of Communications and Government RelationsN/AN/AN/A
Ms. Tanya Nicole FinlayVice President of People & CultureN/AN/AN/A
Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes 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 447,000 retail customers in southeastern Arizona; and 103,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,408 megawatts (MW), including 68 MW of solar capacity and 250 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 1,087,000 residential, commercial, and industrial customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 592,000 customers in southern and central Alberta; owns four 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 145 MW; and on Prince Edward Island with a generating capacity of 90 MW. Additionally, it provides integrated electric utility service to approximately 69,000 customers in Ontario; approximately 275,000 customers in Newfoundland and Labrador; approximately 34,000 customers on Grand Cayman, Cayman Islands; and approximately 17,000 customers on certain islands in Turks and Caicos. It 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 90,500 circuit Kilometers (km) of distribution lines; and approximately 51,600 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 1 July 2024 is 1. The pillar scores are Audit: 1; Board: 2; 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 10 indicates higher governance risk.