Fortis

About Fortis

With headquarters in Kelowna, British Columbia, Fortis supplies electricity to 3 states throughout the nation. The company presently supplies electricity to commercial, residential, transportation and industrial customers, with a total of 1,311 industrial customers, 92,992 commercial customer accounts, one transportation customer and 739,311 residential accounts recently reported to be subscribed. The average residential electricity rate for customers of Fortis is around 17.81 cents per kilowatt hour, which is 13.89% more than the US average of 15.64. Approximately 13,720,308 megawatt hours were sold by the provider to retail customers in 2022. Electricity production and wholesale power purchases made up 62.43% and 37.55%, respectively, of all electricity sourced by the company. Electricity facilities owned by the company produced 13,097,608 megawatt hours and an additional 7,876,887 were purchased on wholesale channels. The company earned $4,366,559,600 in 2022, $447,149,000 of which came from electricity sales on the wholesale energy market and $1,931,178,100 of which came from sales to residential electricity customers.

The average monthly residential electricity bill for a consumer of Fortis is $134.47 per month, while the national average is $132.69. Consumers of the provider pay 1.33% more compared to the rest of the United States. With 9,470,859.06 megawatt hours produced from non-renewable fuels, Fortis is the 116th largest producer of megawatt hours from non-renewable sources in the US out of 3517 suppliers. Fortis generates 10,157,231.51 megawatt hours from their generation plants, which ranks them as the 123rd highest producer of electricity of all 3517 electricity suppliers in the US. There are 4,137,067.21 megawatt hours generated by the company from the use of coal. This ranks them the 71st highest generator out of 3517 electric suppliers in the United States.