Table of Contents
Table of Contents 3
List of Tables 5
List of Figures 6
Fortis Inc, Power, Deals By Year, 2012 to YTD 2018 7
Fortis Inc, Power Deals By Type, 2012 to YTD 2018 8
Fortis Inc, Power, Deals By Region, 2012 to YTD 2018 9
Fortis Inc, Power, Deals By Sector, 2012 to YTD 2018 10
Fortis Inc, Power, Deals Summary, 2012 to YTD 2018 11
Fortis Inc, Power, Deal Details 14
Asset Purchase 14
FortisAlberta Acquires Electricity Distribution System in Fort Macleod, Canada for USD3.8 Million 14
Tucson Electric Power Invests USD40 Million in Fort Huachuca Solar Power Project in Arizona, US 15
Tucson Electric Power and UNS Electric Acquires Gila River Power Station Power Block III in Arizona, US from Gila River Power for USD219 Million 16
Tucson Electric Power Invests USD16 Million in Prairie Fire Solar Plant in Tucson, Arizona, US 17
Partnerships 18
Greensmith Energy Forms Partnership with E.ON Climate and Tucson Electric Power 18
Equity Offering 19
Fortis Plans to Raise up to USD387.6 Million in Public Offering of Shares 19
Fortis Raises USD378.7 Million in Private Placement of Shares 20
Fortis Raises USD1.3 Million in Private Placement of Shares 21
Fortis Raises USD550.3 Million in Public Offering of Shares 22
Fortis Completes Public Offering Of Preference Shares For US$236.5 Million 24
Fortis Completes Public Offering Of Preference Shares For US$200 Million 26
Fortis Completes Public Offering Of Subscription Receipts For US$588 Million 27
Debt Offering 29
International Transmission Raises USD225 Million in Private Placement of Bonds Due 2053 29
ITC Holdings Raises USD500 Million in Private Placement of 2.7% Notes Due 2022 30
ITC Holdings Raises USD500 Million in Private Placement of 3.35% Notes Due 2027 31
Fortis Raises USD0.4 Million in Private Placement of Bonds 32
Fortis Raises USD0.4 Million in Private Placement of Bonds 33
Newfoundland Power Raises USD55.6 Million in Private Placement of 3.815% Bonds Due 2057 34
Fortis Raises USD379.2 Million in Public Offering of 2.85% Notes Due 2023 35
Fortis Raises USD1.5 Billion in Private Placement of 3.055% Notes Due 2026 36
Fortis Raises USD500 Million in Private Placement of 2.1% Notes Due 2021 37
Fortis Raises USD1.7 Million in Public Offering of 1% Bonds Due 2019 38
ITC Raises USD400 Million in Public Offering of 3.25% Notes Due 2026 39
Fortis Raises USD5.2 Million in Public Offering of Bonds 40
Fortis Raises USD1 Million in Public Offering of 2% Bonds Due 2019 41
Fortis Raises USD287 million in Second Tranche of Private Placement of Notes 42
Tucson Electric Power Completes Public Offering Of 5% Notes Due 2044 For US$150 Million 43
Fortis Completes Public Offering Of 4% Debentures Due 2024 For US$1.5 Billion 44
Fortis Completes Private Placement Of 4% Debentures Due 2024 For US$193.8 Million 46
Newfoundland Power Completes Private Placement Of 4.805% Bond Due 2043 For US$67.1 Million 48
Fortis Completes Private Placement Of 5.08% Notes Due 2043 For US$40 Million 49
Fortis Completes Private Placement Of 3.84% Notes Due 2023 For US$285 Million 50
Tucson Electric Completes Public Offering Of 3.85% Notes Due 2023 For US$150 Million 51
Asset Transactions 52
Consortium of Five Companies May Sell Navajo Power Plant in Arizona, US 52
Innergex Renewable and Cayoose Creek Band Acquire Walden North Hydroelectric Power Plant in British Columbia, Canada from FortisBC for USD6.7 Million 54
Hydro Ottawa Acquires Portfolio of Hydro Power Plants in US and Canada from Fortis 55
Acquisition 56
Fortis Completes Acquisition of ITC Holdings for USD11.3 Billion 56
GIC Acquires 19.9% Stake in ITC Holdings from Fortis for USD1.2 Billion 58
Fortis Completes Acquisition of UNS Energy for USD4.5 Billion 60
Fortis Completes Acquisition Of CH Energy Group For US$991 Million 62
FortisOntario Acquires Port Colborne Hydro For US$6.9 Million 64
Fortis Inc – Key Competitors 65
Fortis Inc – Key Employees 66
Fortis Inc – Locations And Subsidiaries 68
Head Office 68
Other Locations & Subsidiaries 68
Recent Developments 70
Jul 31, 2018: Fortis reports second quarter 2018 earnings 70
Jun 08, 2018: TEP, Other Fortis Utilities Recognized for Restoration Efforts in Puerto Rico after Hurricane Maria 72
May 01, 2018: Fortis Reports First Quarter 2018 Earnings 73
Apr 30, 2018: Fortis Appoints New Executive Vice President, Chief Financial Officer 75
Apr 30, 2018: Fortis Inc. Appoints New Executive Vice President, Chief Financial Officer 76
Mar 22, 2018: Landmark Funding Announced for Canada’s Largest First Nations Led Infrastructure Project 77
Feb 26, 2018: Fortis Announces Executive Appointment 78
Feb 15, 2018: Fortis Reports 2017 Fourth-Quarter And Annual Financial Results 79
Dec 07, 2017: Fortis Announces Officer Changes Executive Vice President, Western Utility Operations Appointed Focus On Sustainability Elevated 82
Nov 08, 2017: Fortis Reports Third Quarter Earnings Of $278 Million 83
Nov 06, 2017: Fortis Inc. Completes Electricity Restoration on Turks and Caicos Islands 85
Jul 28, 2017: Fortis Reports Strong Second Quarter Earnings Of $257 Million 86
Jul 11, 2017: TransCanada Joins Energy Impact Partners Global Utility Coalition 88
May 03, 2017: FortisAlberta Announces Appointment Of Karl Bomhof As New President And Chief Executive Officer 89
May 02, 2017: Fortis Reports First Quarter Earnings Of $294 million 90
Feb 16, 2017: Fortis Reports 2016 Earnings Of $585 Million And Fourth Quarter 2016 Earnings Of $189 Million 92
Jan 05, 2017: Central Hudson Gas & Electric Corporation Turns to Itron for Consumer Engagement Program 95
Appendix 96
Methodology 96
About GlobalData 96
Contact Us 96
Disclaimer 96
Fortis Inc, Power, Key Facts, 2017 2
Fortis Inc, Power, Deals Summary, 2012 to YTD 2018 2
Fortis Inc, Power, Deals By Year, 2012 to YTD 2018 7
Fortis Inc, Power Deals By Type, 2012 to YTD 2018 8
Fortis Inc, Power, Deals By Region, 2012 to YTD 2018 9
Fortis Inc, Deals By Sector, 2012 to YTD 2018 10
Fortis Inc, Power, Deals Summary, 2012 to YTD 2018 11
FortisAlberta Acquires Electricity Distribution System in Fort Macleod, Canada for USD3.8 Million 14
Tucson Electric Power Invests USD40 Million in Fort Huachuca Solar Power Project in Arizona, US 15
Tucson Electric Power and UNS Electric Acquires Gila River Power Station Power Block III in Arizona, US from Gila River Power for USD219 Million 16
Tucson Electric Power Invests USD16 Million in Prairie Fire Solar Plant in Tucson, Arizona, US 17
Greensmith Energy Forms Partnership with E.ON Climate and Tucson Electric Power 18
Fortis Plans to Raise up to USD387.6 Million in Public Offering of Shares 19
Fortis Raises USD378.7 Million in Private Placement of Shares 20
Fortis Raises USD1.3 Million in Private Placement of Shares 21
Fortis Raises USD550.3 Million in Public Offering of Shares 22
Fortis Completes Public Offering Of Preference Shares For US$236.5 Million 24
Fortis Completes Public Offering Of Preference Shares For US$200 Million 26
Fortis Completes Public Offering Of Subscription Receipts For US$588 Million 27
International Transmission Raises USD225 Million in Private Placement of Bonds Due 2053 29
ITC Holdings Raises USD500 Million in Private Placement of 2.7% Notes Due 2022 30
ITC Holdings Raises USD500 Million in Private Placement of 3.35% Notes Due 2027 31
Fortis Raises USD0.4 Million in Private Placement of Bonds 32
Fortis Raises USD0.4 Million in Private Placement of Bonds 33
Newfoundland Power Raises USD55.6 Million in Private Placement of 3.815% Bonds Due 2057 34
Fortis Raises USD379.2 Million in Public Offering of 2.85% Notes Due 2023 35
Fortis Raises USD1.5 Billion in Private Placement of 3.055% Notes Due 2026 36
Fortis Raises USD500 Million in Private Placement of 2.1% Notes Due 2021 37
Fortis Raises USD1.7 Million in Public Offering of 1% Bonds Due 2019 38
ITC Raises USD400 Million in Public Offering of 3.25% Notes Due 2026 39
Fortis Raises USD5.2 Million in Public Offering of Bonds 40
Fortis Raises USD1 Million in Public Offering of 2% Bonds Due 2019 41
Fortis Raises USD287 million in Second Tranche of Private Placement of Notes 42
Tucson Electric Power Completes Public Offering Of 5% Notes Due 2044 For US$150 Million 43
Fortis Completes Public Offering Of 4% Debentures Due 2024 For US$1.5 Billion 44
Fortis Completes Private Placement Of 4% Debentures Due 2024 For US$193.8 Million 46
Newfoundland Power Completes Private Placement Of 4.805% Bond Due 2043 For US$67.1 Million 48
Fortis Completes Private Placement Of 5.08% Notes Due 2043 For US$40 Million 49
Fortis Completes Private Placement Of 3.84% Notes Due 2023 For US$285 Million 50
Tucson Electric Completes Public Offering Of 3.85% Notes Due 2023 For US$150 Million 51
Consortium of Five Companies May Sell Navajo Power Plant in Arizona, US 52
Innergex Renewable and Cayoose Creek Band Acquire Walden North Hydroelectric Power Plant in British Columbia, Canada from FortisBC for USD6.7 Million 54
Hydro Ottawa Acquires Portfolio of Hydro Power Plants in US and Canada from Fortis 55
Fortis Completes Acquisition of ITC Holdings for USD11.3 Billion 56
GIC Acquires 19.9% Stake in ITC Holdings from Fortis for USD1.2 Billion 58
Fortis Completes Acquisition of UNS Energy for USD4.5 Billion 60
Fortis Completes Acquisition Of CH Energy Group For US$991 Million 62
FortisOntario Acquires Port Colborne Hydro For US$6.9 Million 64
Fortis Inc, Key Competitors 65
Fortis Inc, Key Employees 66
Fortis Inc, Subsidiaries 68
List of Figures
Fortis Inc, Power, Deals by Type, 2012 to YTD 2018 2
Fortis Inc, Power, Deals By Year, 2012 to YTD 2018 2
Fortis Inc, Power, Deals By Region, 2012 to YTD 2018 2
Fortis Inc, Power, Deals By Sector, 2012 to YTD 2018 2
Fortis Inc, Power, Deals By Year, 2012 to YTD 2018 7
Fortis Inc, Power, Deals by Type, 2012 to YTD 2018 8
Fortis Inc, Power, Deals By Region, 2012 to YTD 2018 9
Fortis Inc, Power, Deals by Sector, 2012 to YTD 2018 10
