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FortisBC is a British Columbia based regulated utility that provides natural gas and electricity. FortisBC has approximately 2,600 employees serving more than 1.2 million customers in 135 B.C. communities and 58 First Nations communities across 150 Traditional Territories. [1] Two separate utilities do business as FortisBC.
Fortis was formed in 1987, when shareholders of the regulated transmission and distribution utility Newfoundland Light & Power Co. voted to form a separate holding company. NL&P shares were exchanged for Fortis shares on a one-to-one basis, with the regulated NL&P becoming a 100% owned subsidiary.
*Waneta Dam has been wholly owned by BC Hydro since July 2018 [6] after Fortis BC finalized an agreement with Teck to sell its 66% interest in the dam, but BC Hydro had first rights to purchase the remaining 66% from its first 1/3 ownership deal.
Crown corporations in BC are public-sector organizations established and funded by the Government of British Columbia to provide specialized goods and services to citizens. [1] They operate at varying levels of government control, depending on how they are defined, funded, and the kinds of services they provide.
The British Columbia Hydro and Power Authority, operating as BC Hydro, is a Canadian electric utility in the province of British Columbia.It is the main electricity distributor, serving more than 4 million customers in most areas, [3] with the exception of the City of New Westminster, where the city runs its own electrical department [4] and portions of the West Kootenay, Okanagan, the ...
Fort St. John hosted the BC Winter Games in 1984 and the Northern BC Winter Games in 1975, 1976, 1994, 2000, and 2007. Every August, the Great Canadian Welding Competition is held in Fort St. John, which sees welding artists fill Centennial Park creating statues on the year's given theme. In January the annual High on Ice Winter Carnival has a ...
The new deal is subject to shareholder approval, with meetings in April (April 8 and 9 being suggested). [ 230 ] [ 231 ] Part of the deal is that there is the option that the government may provide extra funds to Fortis Bank, if needed, up to €2 billion, in exchange for shares, up to a 49.9% stake in the company.
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