It was a year of strong financial results reflecting the execution of our regulated growth strategy. Our utility companies, operating in 18 jurisdictions in Canada, the U.S. and Caribbean, remained united by our shared purpose to deliver a cleaner energy future while continuing to provide safe, reliable, and affordable energy for our customers.
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in Canada, U.S. and Caribbean
total assets
dedicated employees
in GHG emissions since 2019
electricity and gas customers
have a female CEO or Board Chair
consecutive dividend increases
invested in our communities
Unless otherwise specified, all financial information is referenced in Canadian dollars and all numbers are as at December 31, 2023.
2023 was a milestone year for Fortis as we celebrated 50 years of increases in annual dividends paid to our shareholders. We concluded key regulatory applications and invested over $4 billion to enhance reliability, modernize the grid, and deliver cleaner energy for our customers.(1)
(1) Defined as capital that supports reductions in air emissions, water usage and/or increases customer energy efficiency.
Learn more here about our 2023 results and commitment to sustainable growth.
Our dedicated workforce of 9,600 employees played a pivotal role in delivering results for our customers and shareholders.
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Our climate strategy focuses on reducing carbon emissions by increasing renewable generation capacity and investing in a cleaner and more resilient energy grid.
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Fortis utilities delivered electricity and gas service safely and reliably to 3.5 million customers while progressing towards our emissions reduction targets.
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Rate base growth and the conclusion of key regulatory proceedings supported year-over-year earnings growth.
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Fortis celebrated 50 consecutive years of increases in annual dividends paid to our shareholders in 2023. We are one of only two Canadian companies to hold this longstanding financial performance record.