We have grown from just $390 million in assets when we were formed in 1987 to $56 billion today. Previously, he worked in private practice in Newfoundland and Labrador where he represented the interests of Fortis Inc., and in-house with a national insurance company where he served as Director, Legal and Corporate Services.Mr. In addition to being Chief Operating Officer of Fortis, he is also Chief Executive Officer of UNS Energy Corporation. Mr. Hutchens earned a Bachelor of Aerospace Engineering and a Master of Business Administration from the University of Arizona and is a former nuclear submarine officer in the U.S. Navy.He serves on the Boards of UNS Energy, FortisBC and FortisAlberta, all Fortis utilities.
He is a member of the Edison Electric Institute's Board of Directors, the Western Energy Institute Board of Directors and a number of other charity and civic organizations.Mr.
Fortis Inc - Q1 2020 Net Earnings Were $312 Million, Or $0.67 Per Common Share Fortis Announces C$1.1 Bln Offering Of Common Shares Fortis Posts Q3 Earnings Per Share Of C$3.02 On December 29, 1987, each Newfoundland Light & Power Co. Limited common share was exchanged for one common share of Fortis Inc.Dr. He served as Chairman of Fortis Inc. for 18 years.
Barry Perry, Vice President of Finance and CFO of Fortis Inc., succeeded Mr. Marshall as President and CEO of the Corporation, effective December 31, 2014.Fortis announced an agreement to acquire ITC Holdings Corp., the largest independent transmission utility in the United States for US$11.3 billion.
Mr. Hutchens’ career in the energy sector spans more than 24 years, having held a variety of positions at our electric and gas utilities in Arizona.
About the company. O’Dea joined Fortis Inc. in 2014. Prior to his current role, he was appointed Executive Vice President, Western Utility Operations, with Fortis in January 2018. Today, Fortis is a leader in the North American utility industry with assets of $56 billion and 2019 revenue of $8.8 billion. Total assets grew from less than $1.0 billion in 1996 to $26 billion when Stan retired in December 2014.Fortis embarked on international expansion with investments in Belize in 1999 and the Cayman Islands in 2000.Fortis announced an agreement to acquire electric utilities in Alberta and British Columbia from Aquila Inc. These utilities are referred to as "Other Electric" in financial and investor relations materials. Fortis Inc: A leading North American utility Fortis Inc. has its origin in the formation of St. John’s Electric Light Company in 1885 in the province now known as Newfoundland and Labrador. The transaction closed on October 14.
The subsidiaries were renamed FortisAlberta and FortisBC in 2004.Fortis common shares split 4-for-1 after reaching nearly $100 per common share.Fortis added to its Caribbean interests with the purchase of two utilities on the Turks and Caicos Islands.
The Petty Harbour hydro plant continues to operate today and is a member of the Hydro Hall of Fame as the first hydro plant in the province now known as Newfoundland and Labrador.The electric utility company was renamed The Newfoundland Light and Power Company in 1924.Newfoundland Light and Power Company, Limited became a pure electric utility in 1948 and first issued stock to the public in 1949.In July 1949, Newfoundland became the tenth province of Canada. Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. Releases 2020 Sustainability Report July 9, 2020 Mr. Hutchens earned a Bachelor of Aerospace Engineering and a Master of Business Administration from the University of Arizona and is a former nuclear submarine officer in the U.S. Navy.He serves on the Boards of UNS Energy, FortisBC and FortisAlberta, all Fortis utilities. Description. Company Description . Angus A. Bruneau became Chairman, President and Chief Executive Officer of Fortis Inc. This was followed by investments in Ontario in 1996.Stan Marshall was appointed President and CEO of Fortis Inc. in 1996. Terasen was later renamed FortisBC Energy.Fortis announced an agreement to acquire the CH Energy Group of companies for US$1.5 billion. Laurito serves on the Boards of Central Hudson and ITC Holdings Corp., both Fortis utilities. Profile data is unavailable for this security. Fortis continues to power ahead as we seek additional opportunities to diversify our asset base and grow our company both within our existing franchise territories and beyond.Our strategy of disciplined, profitable growth has produced exceptional returns to investors.Note: Dividend payout ratio for 2011 through 2018 adjusted for non-recurring items(1) Includes Newfoundland Power, Maritime Electric and FortisOntario. O’Dea joined Fortis Inc. in 2014. (1) Includes Newfoundland Power, Maritime Electric and FortisOntario. It operates through the following business segments: Regulated Utilities and Non-Regulated. In addition to being Chief Operating Officer of Fortis, he is also Chief Executive Officer of UNS Energy Corporation. He was appointed an Officer of the Order of Canada in 1983 and was awarded the Canadian Council of Professional Engineers Gold Medal in 1988.Maritime Electric, located on Prince Edward Island, was our first electric utility investment in 1990. Prior to his current role, he was appointed Executive Vice President, Western Utility Operations, with Fortis in January 2018. Fortis Inc. is a Canada-based electric and gas utility holding company. That company eventually became Newfoundland Light & Power Co. Limited which became the first wholly owned subsidiary of Fortis Inc. Fortis was created as a holding company in 1987 with the mission to expand and diversify.
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