Fortis Inc. Overview
Pro stress-test →Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. Fortis owns and operates eight utility transmission and distribution subsidiaries serving roughly 3.5 million electricity and gas customers, with a diverse portfolio spanning regulated utilities and non-regulated energy infrastructure.
Strategic Profile
Pro stress-test →Fortis unveiled a $28.8B, 5-year capital plan targeting 7% annualized rate base growth, positioning itself for consistent long-term expansion. FTS maintains its 52-year dividend growth streak, establishing itself as a stable, income-focused utility with strong investor appeal in the regulated utility space.
Competitive Landscape
Pro stress-test →Fortis competes within the North American regulated utility sector alongside major players like Dominion Energy, Duke Energy, and Canadian utilities. The competitive landscape emphasizes regulatory relationships, operational efficiency, and capital deployment strategies. Fortis differentiates through its geographic diversification across multiple provinces and states, plus its strong dividend history and rate base growth trajectory.
Industry Context
Fortis Inc. operates in Regulated Electric & Gas Utilities.
Key facts
Founded: 1885 · Headquarters: St. John's, Canada · Employees: 9,900 · Revenue: $12.17B (2025) · Market cap: $39.28B CAD