Fortis Inc., a leading North American utility company, reported a rise in third-quarter net earnings to $420 million, benefiting from increased rate base growth and new rates at Tucson Electric Power.
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Country
CA
Industry
Information Technology
Market Cap
Large Cap
Num. Employees
9242
IPO Date
Mar 17, 1980
Country
CA
Industry
Information Technology
Fortis, Inc. is a holding company, which engages in the electric and gas utility industry. The company is headquartered in St. Johns, Newfoundland And Labrador and currently employs 9,242 full-time employees. The firm's regulated utility businesses includes ITC Investment Holdings Inc., ITC Holdings Corp. and the electric transmission operations of its regulated operating subsidiaries, which include International Transmission Company, Michigan Electric Transmission Company, LLC, ITC Midwest LLC and ITC Great Plains, LLC; UNS Energy Corporation, which primarily includes Tucson Electric Power Company (TEP), UNS Electric, Inc. and UNS Gas, Inc.; CH Energy Group, Inc, which primarily includes Central Hudson Gas and Electric Corporation; FortisBC Energy Inc.; FortisAlberta Inc. and FortisBC Inc. The firm's Non-regulated energy infrastructure consists of Aitken Creek Gas Storage ULC (Aitken Creek) a natural gas storage facility in British Columbia, and Belize Electric Company Limited (BECOL) three hydroelectric generation facilities with a combined capacity of 51 Megawatts in Belize.
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