Fortis (FTS)

Frequently Asked Questions About Fortis (FTS)

How can customers contact Fortis for support?

Customers can contact Fortis for support through various channels, including a dedicated customer service hotline, online chat options, and an intuitive website featuring an array of self-service tools. The company prides itself on being accessible and responsive to customer inquiries and provides resources to assist with billing, service outages, and energy-saving tips.

How does Fortis engage with shareholders?

Fortis maintains open communication with its shareholders through regular updates on financial performance, strategic initiatives, and governance practices. The company conducts annual meetings and provides detailed reports to ensure transparency and foster a strong relationship with its investor community.

How does Fortis ensure compliance with regulations?

Fortis has established rigorous compliance programs to adhere to local, provincial, and federal regulations governing utility operations. The company regularly reviews its policies and practices, conducts training programs for employees, and collaborates with regulatory bodies to ensure compliance and uphold high standards in safety and customer service.

How does Fortis manage risks associated with its operations?

Fortis employs a comprehensive risk management approach to identify and mitigate potential risks associated with its operations, including regulatory, economic, and environmental challenges. The company regularly assesses its risk exposure and implements strategies to ensure compliance and operational resilience in a changing regulatory landscape.

How does Fortis prioritize sustainability?

Sustainability is a core value for Fortis, which is committed to reducing its greenhouse gas emissions and investing in renewable energy projects. The company has set ambitious goals to increase its use of clean energy sources while enhancing its grid infrastructure to improve energy efficiency and reliability, contributing to a more sustainable energy future.

How does Fortis support local communities?

Fortis is actively involved in local communities across its service areas, supporting various social and economic initiatives. The company engages in community investment programs, sponsors local events, and partners with non-profit organizations to enhance quality of life and promote education, safety, and sustainability.

How has Fortis performed in the stock market?

As a publicly traded company on the New York Stock Exchange under the ticker symbol FTS, Fortis has shown resilience and consistent performance in the stock market. Investors often view the company as a stable choice due to its focus on utility services and steady dividend payments, which contribute to its reputation as a reliable investment option in the energy sector.

What are Fortis's main services?

Fortis primarily provides regulated utility services, including the distribution and transmission of electrical energy, as well as the distribution of natural gas. The company also invests in various renewable energy projects, offering customers sustainable energy options as part of its long-term strategy to reduce carbon emissions.

What are Fortis's plans for future growth?

Fortis plans for future growth by investing heavily in infrastructure improvements, renewable energy projects, and innovative technologies to enhance service delivery. The company is focused on expanding its operations and capabilities to meet growing energy demands while aligning with sustainability goals across its service areas.

What challenges does Fortis face in the utility industry?

Fortis faces several challenges in the utility industry, including regulatory changes, advancing technology, and the need for significant capital investments to modernize infrastructure. Additionally, the transition to renewable energy and the increasing focus on environmental sustainability present both challenges and opportunities for the company as it navigates evolving market dynamics.

What does Fortis (NYSE: FTS) do?

Fortis is a North American leader in the regulated electric and natural gas utility industry. The company operates across Canada and the Caribbean, providing utilities services to millions of customers. Fortis focuses on delivering safe and reliable energy while investing in renewable energy projects and infrastructure improvements to ensure sustainability and operational efficiency.

What impact does Fortis have on the economy?

Fortis significantly impacts the economy by providing essential utility services that support residential, commercial, and industrial activities. The company's operations generate employment opportunities, drive investments in infrastructure, and contribute to local and national economic growth. Additionally, Fortis's commitment to sustainable practices fosters innovation and positions it as a leader in the energy sector.

What initiatives does Fortis undertake regarding renewable energy?

Fortis actively invests in renewable energy initiatives, including solar, wind, and hydroelectric projects. The company's long-term strategy aims to achieve a significant reduction in its carbon footprint by transitioning to cleaner energy sources while improving energy accessibility and affordability for its customers.

What is Fortis's approach to customer service?

Fortis places a strong emphasis on customer service, striving to provide safe, reliable, and affordable energy. The company has implemented numerous initiatives to enhance customer engagement, such as online account management tools and energy efficiency programs that empower customers to make informed decisions about their energy use.

What is Fortis's dividend policy?

Fortis is recognized for its robust dividend policy, which reflects the company's commitment to returning value to its shareholders. The company has a long-standing track record of increasing dividends annually and aims for sustainable dividend growth that aligns with its financial performance and capital investment strategies.

What is Fortis's financial performance like?

Fortis has demonstrated strong financial performance, characterized by steady revenue growth and a commitment to delivering value to shareholders. The company has a diverse revenue stream supported by its multiple subsidiaries and a robust capital investment plan that focuses on infrastructure and energy transition projects to ensure long-term profitability.

When was Fortis founded?

Fortis was founded in 1885 in St. John's, Newfoundland and Labrador. Originally established as a small utility company, it has since grown through strategic acquisitions and expansions to become one of the largest utility companies in North America, serving diverse customer needs in electricity and natural gas.

Where is Fortis headquartered?

Fortis is headquartered in St. John's, Newfoundland and Labrador, Canada. The company's strategic location serves as a hub for its operations throughout Canada and the Caribbean, contributing to its position as a significant player in the utility sector across these regions.

Who are Fortis's major subsidiaries?

Fortis operates through several major subsidiaries, including FortisAlberta, FortisBC, Newfoundland Power, and Caribbean Utilities Company. Each of these subsidiaries focuses on delivering energy services in their respective regions, enhancing Fortis's overall capacity to serve a diverse customer base across both Canada and the Caribbean.

What is the current price of Fortis ?

The current price of Fortis is 66.74

When was Fortis last traded?

The last trade of Fortis was at 4:15 pm EDT on June 2nd, 2025