Fortis Inc FTS

Fortis Inc is an energy utility company that was founded in 1987. It operates internationally in five Canadian provinces, nine states across the United States, and three Caribbean countries. This energy utility company can trace its roots back to the St John’s Electric Light Company formed in 1885. Fortis Inc. provides residential and commercial customers with electric, gas, and hydroelectric utilities. The company headquarters are located in the province of Newfoundland and Labrador, Canada.

The company operates ten different utility subsidiaries as of August 2022. The subsidiaries in operation include FortisBC Energy, FortisAlberta, FortisBC Electric, Eastern Canadian, Caribbean, Belize Electric Company Limited, Aitken Creek, UNS Energy, Central Hudson and ITC. In addition to generating and supplying electric and gas energy, Fortis Inc./Canada also has three hydroelectric generation plants.

Fortis Inc is a green company that has committed to reducing greenhouse gas emissions. They have set a target of reducing their total amount of GHG emmisions by 75% by 2035, as well as a net-zero long-term target for 2050. As a public holding company, Fortis Inc./Canada trades on the NYSE. It uses the ticker FTS on this market.

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