FortisBC
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| Subsidiary | |
| Industry | Natural Gas, Electricity |
| Headquarters | Kelowna and Surrey, British Columbia, Canada |
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Key people
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Michael Mulcahy, President and Chief Executive Officer |
| Parent | Fortis Inc. |
| Website | www.fortisbc.com |
FortisBC Inc is an electric power and gas distribution/retail company in the Canadian province of British Columbia, a subsidiary of Newfoundland-based Fortis Inc., Canada’s largest private utility company. In March 2011 Terasen Gas, British Columbia's largest natural gas distributor, was renamed FortisBC Energy Inc., as both companies are owned by Fortis Inc.
FortisBC (electricity) serves approximately 111,500 customers directly in communities throughout south central British Columbia, including Kelowna, Osoyoos, Trail, Castlegar, Princeton and Rossland and approximately 48,500 customers through the wholesale supply of power to municipal distributors in the communities of Summerland, Penticton, Grand Forks, and Nelson. The company owns and operates approximately 7,200 kilometres of transmission and distribution power lines.
FortisBC (natural gas) serves approximately 920,000 customers in over 125 communities. Rates in different areas vary by over 60%. Its service territory includes Lower Mainland, Vancouver Island, and the southern interior of the province. The company owns and operates approximately 47,500 kilometres of natural gas transmission and distribution pipelines. FortisBC (natural gas) also develops systems such as geoexchange and district energy systems for communities and municipalities. The company also produces gas from landfill and agricultural waste.
Together, FortisBC (electricity) and FortisBC (natural gas) deliver over 20% of total energy consumed in B.C. and serve more than 1.1 million customers in more than 135 communities.
The British Columbia Utilities Commission (BCUC) regulates both FortisBC Inc. and FortisBC Energy Inc.; rates are set within a framework combining cost of service and performance-based regulation. This framework is intended to encourage FortisBC to operate efficiently by permitting its shareholders and customers to share in cost savings if specified targets are met.
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