Fortis

About Fortis

With headquarters in Kelowna, British Columbia, Fortis supplies electricity to 3 states throughout the nation. The supplier last reported a total of 831,591 customers. Exactly 738,341 are residential accounts, 92,076 are commercial locations and 1,174 of these are industrial properties. Fortis charges their patrons a residential electricity rate of 18.41 cents per kilowatt hour on average. This is 13.53% above the US average price of 16.22 cents, resulting in the company ranking 2611th out of 2885 companies in the nation for lowest average electricity price. They sold 6,181,320 megawatt hours through wholesale channels to other electricity providers and 13,673,164 megawatt hours by way of retail sales in 2023. Electricity generation and wholesale power purchases made up 61.95% and 38.05%, respectively, of the total electricity sourced by the company. Power plants the company owns produced 12,929,271 megawatt hours and an additional 7,942,133 megawatt hours were procured on the wholesale market. Fortis made $4,428,669,700 in 2023, $328,804,300 of which came from electricity sales on the wholesale energy market and $2,080,468,300 of which came from sales to retail electricity customers.

The average monthly residential electricity bill for a consumer of Fortis is $148.23 per month, while the national average is $143.38. Consumers of the provider pay 3.38% more compared to the rest of the United States. With 11,899,443.79 megawatt hours produced from non-renewable fuels, Fortis is the 88th largest producer of megawatt hours from non-renewable sources in the US out of 3530 suppliers. Fortis generates 12,754,125.75 megawatt hours from their generation plants, which ranks them as the 98th highest producer of electricity of all 3530 electricity suppliers in the US. There are 2,973,576.54 megawatt hours generated by the company from the use of coal. This ranks them the 94th highest generator out of 3530 electric suppliers in the United States.