October 22, 2016 12:18 AM ET

Electric Utilities

Company Overview of FortisBC Inc.

Company Overview

FortisBC Inc., an integrated, regulated electric utility, engages in the generation, transmission, and distribution of electricity in the southern interior of British Columbia. It operates four regulated hydroelectric generating plants with an aggregate capacity of 225 megawatts (MW); and 7,200 kilometers of transmission and distribution power lines. It serves approximately 167,600 customers. The company was formerly known as Aquila Networks Canada (British Columbia) Ltd. and changed its name to FortisBC Inc. in June 2004. FortisBC Inc. was founded in 1897 and is based in Kelowna, Canada. FortisBC Inc. is a subsidiary of FortisBC Pacific Holdings Inc.

1975 Springfield Road

Suite 100

Kelowna, BC V1Y 7V7


Founded in 1897

510 Employees

Key Executives for FortisBC Inc.

Chief Executive Officer, President and Director
Chief Financial Officer and Vice President of Finance
Executive Vice President of Operations & Engineering
Chief Privacy Officer, Counsel and Corporate Secretary
Executive Vice President of Customer Service & Technology
Compensation as of Fiscal Year 2016.

FortisBC Inc. Key Developments

FortisBC to Lose LNG Contract with Hawaii

FortisBC is losing a long-term contract with Hawaiian Electric. In May, FortisBC announced it had signed a 20-year contract with Hawaiian Electric, to supply 800,000 metric tonnes of liquefied natural gas annually to Hawaii from its LNG plant on Tilbury Island. FortisBC's Tilbury Island LNG plant originally was used to provide LNG as a back-up for FortisBC's natural gas supply. After striking deals to supply LNG for a variety of domestic purposes, including ships and trucking fleets, FortisBC commissioned a $400 million expansion of the Tilbury Island plant. The expansion is to be completed this fall. The 20-year contract that FortisBC had signed with Hawaiian Electric would have required a further expansion. Hawaiian Electric had plans to merge with NextEra Energy Inc. But on July 15, Hawaii's Public Utilities Commission voted against the merger. In rejecting the deal, the utilities commission said it did not think the new company was aggressive enough in its commitment to renewable power.

FortisBC Finalizes LNG Supply Agreement with BC Ferries to Fuel New Vessels

FortisBC announced that it will provide up to 300,000 gigajoules of liquefied natural gas (LNG) per year, the energy equivalent of 7.8 million litres of diesel fuel, for the next 10 years to help fuel BC Ferries' three new intermediate class ferries. The LNG will be supplied from FortisBC's Tilbury facility located in Delta, which recently broke ground on a $400-million expansion and the Mt. Hayes facility, located on Vancouver Island. The Tilbury expansion will add 1.1 million gigajoules of LNG storage and approximately 34,000 gigajoules of liquefaction capacity per day. The existing Tilbury LNG facility has been operating safely since 1971, and the Mt. Hayes facility has been in operation since 2011. The ships will be fuelled in the traditional manner that BC Ferries takes on diesel fuel with trucks making deliveries to the vessels during non-operational periods. The use of LNG by BC Ferries will result in the reduction of an estimated 9,000 metric tonnes of carbon dioxide equivalent per year, the same as taking 1,900 passenger vehicles off the road annually, because natural gas is cleaner burning than traditional marine diesel fuel.

GP Strategies Corporation Completes Liquefied Natural Gas Trailer Loading Facility for FortisBC

GP Strategies Corporation recently completed the fabrication and construction of a new multimillion-dollar liquefied natural gas (LNG) trailer loading facility at the Mt. Hayes plant owned by FortisBC in Ladysmith, British Columbia. The Mt. Hayes LNG plant is designed to load LNG trailers at 1,100 to 1,500 liters [approximately 264 to 396 gallons] per minute and increases LNG distribution to the province of British Columbia.

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