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Fortis Inc FTS

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Morningstar’s Analysis

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Company Profile

Business Description

Fortis owns and operates utility transmission and distribution assets in Canada and the United States, serving more than 2.5 million electricity and gas customers. The company has smaller stakes in electricity generation and several Caribbean utilities. ITC operates electric transmission in seven U.S. states, with more than 16,000 miles of high-voltage transmission lines in operation serving a peak load in excess of 26 gigawatts.

Contact
5 Springdale Street, Suite 1100, Fortis Place
St. John’s, NL, A1E OE4, Canada
T +1 709 737-2800
Sector Utilities
Industry Utilities - Regulated Electric
Most Recent Earnings Dec 31, 2020
Fiscal Year End Dec 31, 2021
Stock Type
Employees 8,961