# Fortis Inc.

Fortis Inc. is a Pension Fund based in Prairie Village, Canada.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Prairie Village, Canada
- **Region:** North America
- **Address:** St. John's, Newfoundland and Labrador, Canada
- **Founded:** 1987
- **Assets under management:** Undisclosed
- **Website:** fortisinc.com
- **LinkedIn:** https://www.linkedin.com/company/fortis-inc.
- **Wikidata:** Q833362

## About

Fortis Inc. is an SEC-registered investment adviser in Prairie Village, KS, registered since 2020. The firm manages approximately $1.6 billion in assets. It has 68 employees and 57 investment advisers.

## Sectors

- Energy Transition & Renewables
- Infrastructure

## People

- David Hutchens — President and CEO
- Angus Bruneau — Founder and former Chairman/CEO

## Questions

### Who runs investment decisions at Fortis Inc.?

Capital allocation decisions are driven by CEO David Hutchens and the corporate finance team, with significant autonomy given to subsidiary presidents for operational spending. The board of directors approves the annual capital budget and long-range plan. Fortis is not a portfolio manager deploying capital into third-party funds; it invests directly into rate-regulated utility assets and a small portfolio of non-regulated energy infrastructure.

### Is Fortis a pension fund or a corporation?

Fortis Inc. is a publicly traded corporation listed on the Toronto and New York stock exchanges (ticker: FTS). It is not a pension fund, though pension and infrastructure funds are frequent counterparties — for instance, GIC Private Limited owns a 19.9% minority stake in ITC Holdings, the US transmission subsidiary Fortis acquired in 2016.

### How does Fortis source its investment opportunities?

Fortis sources investment opportunities almost exclusively through its existing regulated subsidiaries, which file multi-year rate cases with state and provincial utility commissions. The growth story is organic: connecting new customer load, hardening the grid against extreme weather, and building transmission lines — rather than frequent new platform acquisitions.

### What is Fortis's relationship with First Nations partners?

Fortis is a 39% partner in the Wataynikaneyap Power transmission project alongside 24 First Nations communities in Ontario. The project, which reached full commercial operation in 2024, connects remote diesel-dependent communities to the provincial grid. Fortis's operating subsidiary manages construction and ongoing operations under a long-term contract.

### Does Fortis participate in fund commitments or only direct investments?

Fortis does not allocate to external funds. All capital is deployed directly into the company's operating subsidiaries near the corporate center's non-regulated energy infrastructure assets, such as the Aitken Creek gas storage facility in British Columbia.

### How does Fortis's structure affect its investment horizon?

As a publicly traded utility with a dividend aristocrat status — it has increased its common share dividend for 50 consecutive years — Fortis operates with a genuinely perpetual investment horizon. Unlike closed-end infrastructure funds that must sell assets to return capital to LPs, Fortis funds growth by recycling regulated cash flows and periodically accessing equity markets, making it a permanent owner of critical grid infrastructure.

### What is the Fortis Community Investment Program?

The Fortis Inc. Community Investment Program is the corporate-level philanthropic vehicle through which the company directs donations and sponsorships in the communities its utilities serve. Subsidiaries also run their own programs, such as FortisOntario Community Investment. These are not grant-making foundations; they are corporate giving programs funded from operating earnings.

## Related profiles

- [Fortis Family Office](https://altss.com/profile/fortis-family-office)
- [Fortis Private Wealth Advisors](https://altss.com/profile/fortis-private-wealth-advisors)

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Last updated: 2026-06-03T20:00:00.000Z

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