utility), announced a pending acquisition by Fortis valued at $1.5 billion. On June 27, 2013, Fortis Inc. closed on its acquisition of CHG. In 2013, Fortis announced its acquisition of UNS Energy, an Arizona utility company. On February 9, 2016, Fortis announced an agreement to acquire ITC Holdings Corp., the largest independent transmission utility in the United States, for US$11.3 billion in cash and stock. Owns and Operates Fortis currently owns the following regulated utilities: FortisBC, a utility in British Columbia FortisAlberta Inc., a holding company for assets purchased from Aquila, Inc. Central Hudson Gas & Electric, a utility in New York Tucson Electric Power and UniSource Energy Services, utilities in Arizona Newfoundland Power, serving 85% of the population of Newfoundland and Labrador; Fortis' original operating electric power subsidiary Maritime Electric, serving 90% of the population of Prince Edward Island FortisOntario, a holding company for Canadian Niagara Power Company, Cornwall Electric, and Algoma Power Caribbean Utilities, a utility in the Cayman Islands FortisTCI, a utility in the Turks and Caicos Islands Belize Electricity Limited, a utility in Belize ITC Transmission, Novi, Michigan Fortis also operates three non-regulated companies: Fortis Generation, hydro generation in New York state and central Newfoundland. Griffith Energy Services, a petroleum supplier in the eastern United States. See also Emera Incorporated Another Canadian Maritime Multinational Energy Operator/Investor begun as Nova Scotia Power. References External links Fortis - official website Belize Electricity Ltd. Caribbean Utilities Company - Cayman Islands FortisTCI - Turks and Caicos Islands S&P/TSX 60 Companies listed on the Toronto Stock Exchange Electric power companies of Canada Companies based in St. John's, Newfoundland and Labrador Energy companies established in 1987 Canadian companies established in 1987