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

 Published On: Aug, 2017 |    No of Pages: 84 |  Published By: GlobalData | Format: PDF
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Summary

Fortis Inc (Fortis) is an oil and gas company that provides development of assets and market capitalization programs. The company offers measurement and monitoring of environmental impacts. It also provides capital program and growth plans to meet the energy needs. Fortis support and participate in community-based environmental projects. The company collaborates with industry associations, government and other stakeholders to establish standards for the environment appropriate to the utilities and business. It serves 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 3
List of Tables 5
List of Figures 6
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
Fortis Inc, Power, Deals Summary, 2011 to YTD 2017 11
Fortis Inc, Power, Deal Details 13
Asset Purchase 13
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 14
Tucson Electric Power Invests USD16 Million in Prairie Fire Solar Plant in Tucson, Arizona, US 15
Partnerships 16
Greensmith Energy Forms Partnership with E.ON Climate and Tucson Electric Power 16
Equity Offering 17
Fortis to Raise USD378.7 Million in Private Placement of Shares 17
Fortis Raises USD1.3 Million in Private Placement of Shares 18
Fortis Raises USD550.3 Million in Public Offering of Shares 19
Fortis Completes Public Offering Of Preference Shares For US$236.5 Million 21
Fortis Completes Public Offering Of Preference Shares For US$200 Million 23
Fortis Completes Public Offering Of Subscription Receipts For US$588 Million 24
Fortis Completes Bought Deal Public Offering Of Common Shares For US$349.3 Million 26
Debt Offering 28
Newfoundland Power Raises USD55.6 Million in Private Placement of 3.815% Bonds Due 2057 28
Fortis Raises USD379.2 Million in Public Offering of 2.85% Notes Due 2023 29
Fortis Raises USD500 Million in Private Placement of 2.1% Notes Due 2021 30
Fortis Raises USD1.5 Billion in Private Placement of 3.055% Notes Due 2026 31
Fortis Raises USD1.7 Million in Public Offering of 1% Bonds Due 2019 32
ITC Raises USD400 Million in Public Offering of 3.25% Notes Due 2026 33
Fortis Raises USD5.2 Million in Public Offering of Bonds 34
Fortis Raises USD1 Million in Public Offering of 2% Bonds Due 2019 35
Fortis Raises USD287 million in Second Tranche of Private Placement of Notes 36
Tucson Electric Power Completes Public Offering Of 5% Notes Due 2044 For US$150 Million 37
Fortis Completes Private Placement Of 4% Debentures Due 2024 For US$193.8 Million 38
Fortis Completes Public Offering Of 4% Debentures Due 2024 For US$1.5 Billion 40
Newfoundland Power Completes Private Placement Of 4.805% Bond Due 2043 For US$67.1 Million 42
Fortis Completes Private Placement Of 5.08% Notes Due 2043 For US$40 Million 43
Fortis Completes Private Placement Of 3.84% Notes Due 2023 For US$285 Million 44
Tucson Electric Completes Public Offering Of 3.85% Notes Due 2023 For US$150 Million 45
Tucson Electric Power Raises USD250 Million in Public Offering of 5.15% Notes Due 2021 46
FortisAlberta Completes Public Offering Of 4.54% Bonds Due 2041 For US$122.5 Million 47
Central Hudson Gas & Electric Completes Public Offering Of 3.378% Notes Due 2022 For US$23.4 Million 48
Central Hudson Gas & Electric Completes Public Offering Of 4.707% Notes Due 2042 For US$10 Million 49
Asset Transactions 50
Innergex Renewable and Cayoose Creek Band Acquire Walden North Hydroelectric Power Plant in British Columbia, Canada from FortisBC for USD6.7 Million 50
Hydro Ottawa Acquires Portfolio of Hydro Power Plants in US and Canada from Fortis 51
Acquisition 52
Fortis Completes Acquisition of ITC Holdings for USD11.3 Billion 52
GIC Acquires 19.9% Stake in ITC Holdings from Fortis for USD1.2 Billion 54
Fortis Completes Acquisition of UNS Energy for USD4.5 Billion 56
Fortis Completes Acquisition Of CH Energy Group For US$991 Million 58
FortisOntario Acquires Port Colborne Hydro For US$6.9 Million 60
Belize to Acquire 37.2% Stake In Belize Electricity from Fortis for USD35 Million 61
Fortis Inc - Key Competitors 62
Fortis Inc - Key Employees 63
Fortis Inc - Locations And Subsidiaries 64
Head Office 64
Other Locations & Subsidiaries 64
Recent Developments 66
Jul 28, 2017: Fortis Reports Strong Second Quarter Earnings Of $257 Million 66
Jul 11, 2017: TransCanada Joins Energy Impact Partners Global Utility Coalition 68
May 03, 2017: FortisAlberta Announces Appointment Of Karl Bomhof As New President And Chief Executive Officer 69
May 02, 2017: Fortis Reports First Quarter Earnings Of $294 million 70
Feb 16, 2017: Fortis Reports 2016 Earnings Of $585 Million And Fourth Quarter 2016 Earnings Of $189 Million 72
Jan 05, 2017: Central Hudson Gas & Electric Corporation Turns to Itron for Consumer Engagement Program 75
Oct 11, 2016: Fortis To Commence Trading On New York Stock Exchange 76
Jul 29, 2016: Fortis Reports Second Quarter Earnings Of $107 Million 77
Jul 27, 2016: Douglas J. Haughey To Replace David G. Norris As Chair Of Board Of Directors Of Fortis Effective September 1, 2016 79
May 19, 2016: Fortis Enters In Liquefied Natural Gas Supply Agreement With Hawaiian Electric 80
Feb 18, 2016: Fortis Reports 2015 Earnings Of $728 Million 81
Appendix 84
Methodology 84
About GlobalData 84
Contact Us 84
Disclaimer 84

List of Tables
Fortis Inc, Power, Key Facts, 2016 2
Fortis Inc, Power, Deals Summary, 2011 to YTD 2017 2
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 14
Tucson Electric Power Invests USD16 Million in Prairie Fire Solar Plant in Tucson, Arizona, US 15
Greensmith Energy Forms Partnership with E.ON Climate and Tucson Electric Power 16
Fortis to Raise USD378.7 Million in Private Placement of Shares 17
Fortis Raises USD1.3 Million in Private Placement of Shares 18
Fortis Raises USD550.3 Million in Public Offering of Shares 19
Fortis Completes Public Offering Of Preference Shares For US$236.5 Million 21
Fortis Completes Public Offering Of Preference Shares For US$200 Million 23
Fortis Completes Public Offering Of Subscription Receipts For US$588 Million 24
Fortis Completes Bought Deal Public Offering Of Common Shares For US$349.3 Million 26
Newfoundland Power Raises USD55.6 Million in Private Placement of 3.815% Bonds Due 2057 28
Fortis Raises USD379.2 Million in Public Offering of 2.85% Notes Due 2023 29
Fortis Raises USD500 Million in Private Placement of 2.1% Notes Due 2021 30
Fortis Raises USD1.5 Billion in Private Placement of 3.055% Notes Due 2026 31
Fortis Raises USD1.7 Million in Public Offering of 1% Bonds Due 2019 32
ITC Raises USD400 Million in Public Offering of 3.25% Notes Due 2026 33
Fortis Raises USD5.2 Million in Public Offering of Bonds 34
Fortis Raises USD1 Million in Public Offering of 2% Bonds Due 2019 35
Fortis Raises USD287 million in Second Tranche of Private Placement of Notes 36
Tucson Electric Power Completes Public Offering Of 5% Notes Due 2044 For US$150 Million 37
Fortis Completes Private Placement Of 4% Debentures Due 2024 For US$193.8 Million 38
Fortis Completes Public Offering Of 4% Debentures Due 2024 For US$1.5 Billion 40
Newfoundland Power Completes Private Placement Of 4.805% Bond Due 2043 For US$67.1 Million 42
Fortis Completes Private Placement Of 5.08% Notes Due 2043 For US$40 Million 43
Fortis Completes Private Placement Of 3.84% Notes Due 2023 For US$285 Million 44
Tucson Electric Completes Public Offering Of 3.85% Notes Due 2023 For US$150 Million 45
Tucson Electric Power Raises USD250 Million in Public Offering of 5.15% Notes Due 2021 46
FortisAlberta Completes Public Offering Of 4.54% Bonds Due 2041 For US$122.5 Million 47
Central Hudson Gas & Electric Completes Public Offering Of 3.378% Notes Due 2022 For US$23.4 Million 48
Central Hudson Gas & Electric Completes Public Offering Of 4.707% Notes Due 2042 For US$10 Million 49
Innergex Renewable and Cayoose Creek Band Acquire Walden North Hydroelectric Power Plant in British Columbia, Canada from FortisBC for USD6.7 Million 50
Hydro Ottawa Acquires Portfolio of Hydro Power Plants in US and Canada from Fortis 51
Fortis Completes Acquisition of ITC Holdings for USD11.3 Billion 52
GIC Acquires 19.9% Stake in ITC Holdings from Fortis for USD1.2 Billion 54
Fortis Completes Acquisition of UNS Energy for USD4.5 Billion 56
Fortis Completes Acquisition Of CH Energy Group For US$991 Million 58
FortisOntario Acquires Port Colborne Hydro For US$6.9 Million 60
Belize to Acquire 37.2% Stake In Belize Electricity from Fortis for USD35 Million 61
Fortis Inc, Key Competitors 62
Fortis Inc, Key Employees 63
Fortis Inc, Subsidiaries 64

List of Figures
Fortis Inc, Power, Deals by Type, 2011 to YTD 2017 2
Fortis Inc, Power, Deals By Year, 2011 to YTD 2017 2
Fortis Inc, Power, Deals By Region, 2011 to YTD 2017 2
Fortis Inc, Power, Deals By Sector, 2011 to YTD 2017 2
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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