Unified Energy

Year in Review 2023

It was a year of strong financial results reflecting the execution of our regulated growth strategy. Our utility companies, operating in 18 jurisdictions in Canada, the U.S. and Caribbean, remained united by our shared purpose to deliver a cleaner energy future while continuing to provide safe, reliable, and affordable energy for our customers. 

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in Canada, U.S. and Caribbean

total assets

dedicated employees

in GHG emissions since 2019

electricity and gas customers

have a female CEO or Board Chair

consecutive dividend increases

invested in our communities

Unless otherwise specified, all financial information is referenced in Canadian dollars and all numbers are as at December 31, 2023.

CEO Message

2023 was a milestone year for Fortis as we celebrated 50 years of increases in annual dividends paid to our shareholders.  We concluded key regulatory applications and invested over $4 billion to enhance reliability, modernize the grid, and deliver cleaner energy for our customers.

Looking Back at 2023

Learn more here about our 2023 results and commitment to sustainable growth.

People First

Our dedicated workforce of 9,600 employees played a pivotal role in delivering results for our customers and shareholders.

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People First

Climate Forward

Our climate strategy focuses on reducing carbon emissions by increasing renewable generation capacity and investing in a greener and more resilient energy grid.

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Climate Action

Customer Focused

Fortis utilities delivered electricity and gas service safely and reliably to 3.5 million customers while progressing towards our emissions reduction targets.

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Customer Focused

Financial Performance

Rate base growth and the conclusion of key regulatory proceedings supported year-over-year earnings growth.

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Financial Performance

History in the Making

Fortis celebrated 50 consecutive years of increases in annual dividends paid to our shareholders in 2023. We are one of only two Canadian companies to hold this longstanding financial performance record.