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Fortis Inc.

Fortis Inc.

Fortis owns and operates eight utility transmission and distribution subsidiaries in Canada and the United States, serving roughly 3.5 million electricity and gas customers. The company has smaller stakes in electricity generation and several Caribbean utilities. Subsidiary ITC operates electric transmission in seven US states, with more than 16,000 miles of high-voltage transmission lines in operation.www.fortisinc.com

Search complete. 6 mentions across 3 episodes found for "Fortis Inc.".

Oct 20, 2026

Ted FoxGUEST
4:17
And then my older brother got into plumbing as well, went and did his own – chased his own dreams in Calgary.
Ted FoxGUEST
4:28
My dad went and worked for – he started a little plumbing company in Merritt, B.C., and then left that and went to work for the utilities, for – bc gas at the time it was called which is now fortis and um he had worked there for years and years and then yeah about 1990 it was 1998 we kind of sat around a table and dreamed up this company and in 99 we incorporated it um and ran it out of ran it out of like we lived together at the time in a house and we ran it out of the garage there And, you know, started, we weren't necessarily chucking a truck, but we were two mans in a van kind of thing.
Doug PicklickHOST
5:09
Okay.
Doug PicklickHOST
5:10
Well, so to back up, so your start.
speaker_4AUDIENCE
8:23
I do own Enbridge.
speaker_4AUDIENCE
8:25
For her, I own Fortis.
speaker_4AUDIENCE
8:27
And I have the ETF FIE, which is a monthly income ETF.
speaker_4AUDIENCE
8:32
So I'll hang up and listen to your answer.
Marella FernandezHOST
38:58
You can also watch full episodes on our YouTube channel.
Marella FernandezHOST
39:02
Let's get to new top picks from Brian Mann and starting with Fortis, FTS on the TSX.
Marella FernandezHOST
39:07
What do you like about Fortis right now?
Brian MaddenGUEST
39:09
So Fortis is a utility conglomerate.
Brian MaddenGUEST
39:11
It used to be called, um, uh, Newfoundland Power or, or something of that sort.
Brian MaddenGUEST
39:17
It's been around for over 50 years.
Brian MaddenGUEST
40:35
So, um, this is an example of us, maybe we're a little bit early in moving into these low beta bond proxies, but we do see difficult earnings comparisons coming up for the broad market in 2027.
Brian MaddenGUEST
40:46
We think the market will start to price that, and it's really hard to argue that bonds or bond proxies are well loved or overowned at this juncture, with bond yields r- reaching 20-year highs.

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