Fortis Inc. (FTS) - Power - Deals and Alliances Profile

 Published On: Mar, 2017 |    No of Pages: 66 |  Published By: GlobalData | Format: PDF
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Summary

Fortis Inc. (Fortis) is an oil and gas company that offers development of assets and market capitalization programs. The company offers measurement and monitoring of environmental impacts. It support and participate in community-based environmental projects. Fortis offers capital program and growth plans to meet the energy needs. The company collaborates with industry associations, government and other stakeholders to establish standards for the environment appropriate to the utilities and business. It serves its clients across Canada, the US and the Caribbean. Fortis is headquartered in St. John's, Newfoundland and Labrador, Canada.

Fortis Inc. (FTS) - Power - Deals and Alliances Profile provides you comprehensive data and trend analysis of the company's Mergers and Acquisitions (M&As), partnerships and financings. The report provides detailed information on Mergers and Acquisitions, Equity/Debt Offerings, Private Equity, Venture Financing and Partnership transactions recorded by the company over a five year period. The report offers detailed comparative data on the number of deals and their value categorized into deal types, sub-sector and regions.

GlobalData derived the data presented in this report from proprietary in-house Power eTrack deals database, and primary and secondary research.

Scope

- Financial Deals - Analysis of the company's financial deals including Mergers and Acquisitions, Equity/Debt Offerings, Private Equity, Venture Financing and Partnerships.
- Deals by Year - Chart and table displaying information encompassing the number of deals and value reported by the company by year, for a five year period.
- Deals by Type - Chart and table depicting information including the number of deals and value reported by the company by type such as Mergers and Acquisitions, Equity/Debt Offering etc.
- Deals by Region - Chart and table presenting information on the number of deals and value reported by the company by region, which includes North America, Europe, Asia Pacific, the Middle East and Africa and South and Central America.
- Deals by Sub-sector - Chart and table showing information on the number of deals and value reported by the company, by sub-sector.
- Major Deals - Information on the company's major financial deals. Each such deal has a brief summary, deal type, deal rationale; and deal financials and target Company's (major public companies) key financial metrics and ratios.
- Business Description - A brief description of the company's operations.
- Key Employees - A list of the key executives of the company.
- Important Locations and Subsidiaries - A list and contact details of key centers of operation and subsidiaries of the company.
- Key Competitors - A list of the key competitors of the company.
- Key Recent Developments - A brief on recent news about the company.

Reasons to Buy

Get detailed information on the company's financial deals that enable you to understand the company's expansion/divestiture and fund requirements
- The profile enables you to analyze the company's financial deals by region, by year, by business segments and by type, for a five year period.

Understand the company's business segments' expansion / divestiture strategy
- The profile presents deals from the company's core business segments' perspective to help you understand its corporate strategy.

Access elaborate information on the company's recent financial deals that enable you to understand the key deals which have shaped the company
- Detailed information on major recent deals includes a summary of each deal, deal type, deal rationale, deal financials and Target Company's key financial metrics and ratios.

Equip yourself with detailed information about the company's operations to identify potential customers and suppliers.
- The profile analyzes the company's business structure, locations and subsidiaries, key executives and key competitors.

Stay up-to-date on the major developments affecting the company
- Recent developments concerning the company presented in the profile help you track important events.

Gain key insights into the company for academic or business research
- Key elements such as break up of deals into categories and information on detailed major deals are incorporated into the profile to assist your academic or business research needs.

Note*: Some sections may be missing if data is unavailable for the company.

Table of Contents
Table of Contents 2
List of Tables 4
List of Figures 5
Fortis Inc., Power, Deals By Year, 2011 to YTD 2017 6
Fortis Inc., Power Deals By Type, 2011 to YTD 2017 7
Fortis Inc., Power, Deals By Region, 2011 to YTD 2017 8
Fortis Inc., Power, Deals By Sector, 2011 to YTD 2017 9
Fortis Inc., Power, Deals Summary, 2011 to YTD 2017 10
Fortis Inc., Power, Deal Details 12
Asset Purchase 12
Tucson Electric Power Invests USD40 Million in Fort Huachuca Solar Power Project in Arizona, US 12
Tucson Electric Power and UNS Electric Acquires Gila River Power Station Power Block III in Arizona, US from Gila River Power for USD219 Million 12
Tucson Electric Power Invests USD16 Million in Prairie Fire Solar Plant in Tucson, Arizona, US 13
Partnerships 14
Greensmith Energy to Form Partnership with E.ON Climate and Tucson Electric Power 14
Equity Offering 14
Fortis to Raise USD378.7 Million in Private Placement of Shares 14
Fortis Raises USD1.3 Million in Private Placement of Shares 15
Fortis Raises USD550.3 Million in Public Offering of Shares 16
Fortis Completes Public Offering Of Preference Shares For US$236.5 Million 18
Fortis Completes Public Offering Of Preference Shares For US$200 Million 19
Fortis Completes Public Offering Of Subscription Receipts For US$588 Million 20
Fortis Completes Bought Deal Public Offering Of Common Shares For US$349.3 Million 22
Debt Offering 23
Fortis Raises USD379.2 Million in Public Offering of 2.85% Notes Due 2023 23
Fortis Raises USD500 Million in Private Placement of 2.1% Notes Due 2021 24
Fortis Raises USD1.5 Billion in Private Placement of 3.055% Notes Due 2026 25
Fortis Raises USD1.7 Million in Public Offering of 1% Bonds Due 2019 26
ITC Raises USD400 Million in Public Offering of 3.25% Notes Due 2026 27
Fortis Raises USD5.2 Million in Public Offering of Bonds 28
Fortis Raises USD1 Million in Public Offering of 2% Bonds Due 2019 28
Fortis Raises USD287 million in Second Tranche of Private Placement of Notes 29
Tucson Electric Power Completes Public Offering Of 5% Notes Due 2044 For US$150 Million 30
Fortis Completes Private Placement Of 4% Debentures Due 2024 For US$193.8 Million 31
Fortis Completes Public Offering Of 4% Debentures Due 2024 For US$1.5 Billion 32
Newfoundland Power Completes Private Placement Of 4.805% Bond Due 2043 For US$67.1 Million 33
Fortis Completes Private Placement Of 5.08% Notes Due 2043 For US$40 Million 34
Fortis Completes Private Placement Of 3.84% Notes Due 2023 For US$285 Million 35
Tucson Electric Completes Public Offering Of 3.85% Notes Due 2023 For US$150 Million 35
Tucson Electric Power Raises USD250 Million in Public Offering of 5.15% Notes Due 2021 37
FortisAlberta Completes Public Offering Of 4.54% Bonds Due 2041 For US$122.5 Million 38
Asset Transactions 38
Innergex Renewable and Cayoose Creek Band Acquire Walden North Hydroelectric Power Plant in British Columbia, Canada from FortisBC for USD6.7 Million 38
Hydro Ottawa Acquires Portfolio of Hydro Power Plants in US and Canada from Fortis 39
Acquisition 40
Fortis Completes Acquisition of ITC Holdings for USD11.3 Billion 40
GIC Acquires 19.9% Stake in ITC Holdings from Fortis for USD1.2 Billion 42
Fortis Completes Acquisition of UNS Energy for USD4.5 Billion 44
Fortis Completes Acquisition Of CH Energy Group For US$991 Million 45
FortisOntario Acquires Port Colborne Hydro For US$6.9 Million 47
Belize to Acquire 37.2% Stake In Belize Electricity from Fortis for USD35 Million 48
Fortis Inc. - Key Competitors 49
Key Employees 50
Locations And Subsidiaries 51
Head Office 51
Other Locations & Subsidiaries 51
Recent Developments 53
Feb 16, 2017: Fortis Reports 2016 Earnings Of $585 Million And Fourth Quarter 2016 Earnings Of $189 Million 53
Jan 05, 2017: Central Hudson Gas & Electric Corporation Turns to Itron for Consumer Engagement Program 56
Oct 11, 2016: Fortis To Commence Trading On New York Stock Exchange 57
Jul 29, 2016: Fortis Reports Second Quarter Earnings Of $107 Million 58
Jul 27, 2016: Douglas J. Haughey To Replace David G. Norris As Chair Of Board Of Directors Of Fortis Effective September 1, 2016 60
May 19, 2016: Fortis Enters In Liquefied Natural Gas Supply Agreement With Hawaiian Electric 61
Feb 18, 2016: Fortis Reports 2015 Earnings Of $728 Million 62
Appendix 65
Methodology 65
About GlobalData 65
Contact Us 65
Disclaimer 65

List of Tables
Fortis Inc., Power, Key Facts, 2015 1
Fortis Inc., Power, Deals Summary, 2011 to YTD 2017 1
Fortis Inc., Power, Deals By Year, 2011 to YTD 2017 7
Fortis Inc., Power Deals By Type, 2011 to YTD 2017 8
Fortis Inc., Power, Deals By Region, 2011 to YTD 2017 9
Fortis Inc., Deals By Sector, 2011 to YTD 2017 10
Fortis Inc., Power, Deals Summary, 2011 to YTD 2017 11
Tucson Electric Power Invests USD40 Million in Fort Huachuca Solar Power Project in Arizona, US 13
Tucson Electric Power and UNS Electric Acquires Gila River Power Station Power Block III in Arizona, US from Gila River Power for USD219 Million 13
Tucson Electric Power Invests USD16 Million in Prairie Fire Solar Plant in Tucson, Arizona, US 14
Greensmith Energy to Form Partnership with E.ON Climate and Tucson Electric Power 15
Fortis to Raise USD378.7 Million in Private Placement of Shares 15
Fortis Raises USD1.3 Million in Private Placement of Shares 16
Fortis Raises USD550.3 Million in Public Offering of Shares 17
Fortis Completes Public Offering Of Preference Shares For US$236.5 Million 19
Fortis Completes Public Offering Of Preference Shares For US$200 Million 20
Fortis Completes Public Offering Of Subscription Receipts For US$588 Million 21
Fortis Completes Bought Deal Public Offering Of Common Shares For US$349.3 Million 23
Fortis Raises USD379.2 Million in Public Offering of 2.85% Notes Due 2023 24
Fortis Raises USD500 Million in Private Placement of 2.1% Notes Due 2021 25
Fortis Raises USD1.5 Billion in Private Placement of 3.055% Notes Due 2026 26
Fortis Raises USD1.7 Million in Public Offering of 1% Bonds Due 2019 27
ITC Raises USD400 Million in Public Offering of 3.25% Notes Due 2026 28
Fortis Raises USD5.2 Million in Public Offering of Bonds 29
Fortis Raises USD1 Million in Public Offering of 2% Bonds Due 2019 29
Fortis Raises USD287 million in Second Tranche of Private Placement of Notes 30
Tucson Electric Power Completes Public Offering Of 5% Notes Due 2044 For US$150 Million 31
Fortis Completes Private Placement Of 4% Debentures Due 2024 For US$193.8 Million 32
Fortis Completes Public Offering Of 4% Debentures Due 2024 For US$1.5 Billion 33
Newfoundland Power Completes Private Placement Of 4.805% Bond Due 2043 For US$67.1 Million 34
Fortis Completes Private Placement Of 5.08% Notes Due 2043 For US$40 Million 35
Fortis Completes Private Placement Of 3.84% Notes Due 2023 For US$285 Million 36
Tucson Electric Completes Public Offering Of 3.85% Notes Due 2023 For US$150 Million 36
Tucson Electric Power Raises USD250 Million in Public Offering of 5.15% Notes Due 2021 38
FortisAlberta Completes Public Offering Of 4.54% Bonds Due 2041 For US$122.5 Million 39
Innergex Renewable and Cayoose Creek Band Acquire Walden North Hydroelectric Power Plant in British Columbia, Canada from FortisBC for USD6.7 Million 39
Hydro Ottawa Acquires Portfolio of Hydro Power Plants in US and Canada from Fortis 40
Fortis Completes Acquisition of ITC Holdings for USD11.3 Billion 41
GIC Acquires 19.9% Stake in ITC Holdings from Fortis for USD1.2 Billion 43
Fortis Completes Acquisition of UNS Energy for USD4.5 Billion 45
Fortis Completes Acquisition Of CH Energy Group For US$991 Million 46
FortisOntario Acquires Port Colborne Hydro For US$6.9 Million 48
Belize to Acquire 37.2% Stake In Belize Electricity from Fortis for USD35 Million 49
Fortis Inc., Key Competitors 50
Fortis Inc., Key Employees 51
Fortis Inc., Subsidiaries 52

List of Figures
Fortis Inc., Power, Deals by Type, 2011 to YTD 2017 1
Fortis Inc., Power, Deals By Year, 2011 to YTD 2017 1
Fortis Inc., Power, Deals By Region, 2011 to YTD 2017 1
Fortis Inc., Power, Deals By Sector, 2011 to YTD 2017 1
Fortis Inc., Power, Deals By Year, 2011 to YTD 2017 7
Fortis Inc., Power, Deals by Type, 2011 to YTD 2017 8
Fortis Inc., Power, Deals By Region, 2011 to YTD 2017 9
Fortis Inc., Power, Deals by Sector, 2011 to YTD 2017 10


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