September 30, 2014 12:12 PM ET

Electric Utilities

Company Overview of FortisBC Inc.

Company Overview

FortisBC Inc., an integrated, regulated electric utility, is engaged in the generation, transmission, and distribution of electricity in the southern interior of British Columbia. It operates 4 regulated hydroelectric generating plants on the Kootenay River with an aggregate capacity of 223 megawatts (MW); and an unregulated 16 MW run-of-river hydroelectric generating plant near Lillooet, British Columbia. The company also holds approximately 7,150 kilometers of transmission and distribution power lines; and 65 substations. As of December 31, 2013, it served approximately 163,800 residential, commercial, wholesale, and industrial consumers. The company was formerly known as Aquila Networks C...

1975 Springfield Road

Suite 100

Kelowna, BC V1Y 7V7

Canada

Founded in 1897

Key Executives for FortisBC Inc.

Chief Executive Officer and President
Chief Financial Officer and Vice-President of Finance
Executive Vice President of Operations & Engineering
Chairman
Age: 64
Vice President of Operations Support
Compensation as of Fiscal Year 2014.

FortisBC Inc. Key Developments

Hawaiian Electric Approves a LNG Supply Agreement with FortisBC

Hawaiian Electric's board of directors has approved a LNG supply agreement with FortisBC, which still needs to be finalized pending approvals from regulators in British Columbia and Hawaii. Hawaiian Electric is yet to determine the transportation arrangements for LNG supplied from Tilbury. FortisBC will not be exporting natural gas as part of this agreement. Import and delivery logistics will need to be determined by Hawaiian Electric.

FortisBC Inc. to Report Q2, 2014 Results on Aug 01, 2014

FortisBC Inc. announced that they will report Q2, 2014 results on Aug 01, 2014

FortisBC Inc. and FortisBC Energy Inc. Announce Executive Changes, Effective August 1, 2014

The FortisBC Board of Directors announced the appointment of Michael Mulcahy as President and Chief Executive Officer of FortisBC Inc. and FortisBC Energy Inc., effective August 1, 2014. Mr. Mulcahy joined the Fortis group of companies in 1993. He began with Maritime Electric and has also held executive positions at Fortis Properties; Newfoundland Power and FortisBC. Most recently at FortisBC, he was Executive Vice President of Human Resources, Customer and Corporate Services. He is a former Chair of the Customer Council of the Canadian Electricity Association. He succeeds John Walker who was recently appointed Executive Vice President, Western Canadian Operations, Fortis Inc., effective August 1, 2014.

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