Fortis Inc (FTS)


Fortis Inc. operates as an electricity and natural gas distribution company primarily in Canada and the Caribbean region. The company distributes natural gas to residential, commercial, and industrial customers in British Columbia; owns and operates the natural gas transmission pipeline from the Greater Vancouver area across the Georgia Strait to Vancouver Island and the distribution system on Vancouver Island and along the Sunshine Coast of British Columbia; and owns and operates distribution system in Whistler, British Columbia. It also owns and operates the electricity distribution system in southern and central Alberta; owns four hydroelectric generating plants with a combined capacity of 223 megawatts; provides operation, maintenance, and management services to hydroelectric plants; distributes electricity in Newfoundland and Prince Edward Island; and provides integrated electric utility service in Ontario. In addition, the company generates and distributes electricity in Belize, Central America; Grand Cayman, Cayman Islands; and islands of Providenciales, North Caicos, Middle Caicos, and South Caicos. Further, it operates non-regulated generating assets in Belize, Ontario, central Newfoundland, British Columbia, and Upper New York State; and owns and operates 21 hotels, offering approximately 4,100 rooms, in 8 Canadian provinces, and approximately 2.8 million square feet of commercial office and retail space primarily in Atlantic Canada. As of December 31, 2009, the company served approximately 2,100,000 gas and electricity customers. Fortis Inc. was founded in 1977 and is based in St. John's, Canada.

Data based on most recent fiscal year report
Market Cap8.083 Billion Shares Outstanding184.576 Million Avg Volume519.377 Thousand
1-Yr BETA vs S&P TR0.899 Current Ratio0.79 Quick Ratio0.68
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