Our LNG currently ships trans-Pacific by ISO container, and to local markets via tankers and ISO containers. The existing Tilbury LNG Facility opened in 1971 and has safely operated in Delta, B.C. FortisBC uses liquefied natural gas (LNG) to supplement the Lower Mainland gas supply during periods of peak demand BC Ferries and heavy-duty trucking customers such as Vedder Transport Ltd., Arrow Transportation Systems Inc. and Denwill Enterprises Inc. use LNG as a lower-carbon, lower-cost fuel for their fleets. Abundant, low-cost natural gas supply Fortis has managed to increase dividends for 47 years in a row. We’re also proud to be the first Canadian company to supply LNG for export to China. “For phase two, we’d need some expanded gas transportation capacity through Enbridge.”. “The key thing for us is that we’re into the new environmental process, so that will be interesting to see how that plays out,” said Doug Stout, FortisBC’s vice president of marketing and external relations. FortisBC uses the FortisBC name and logo under license from Fortis Inc. FortisBC is still putting the finishing touches on a $400 million expansion of its Tilbury Island LNG plant, but is already pushing ahead with a second phase expansion. Report a gas leak at 1-800-663-9911 (24 hours) or 911. UNS Energy is the Tucson, Arizona-based parent company of Tucson Electric Power (TEP) and UniSource Energy Services (UES), utilities that provide safe, reliable energy to almost 686,000 customers. Carbon dioxide emissions are reduced by approximately 50% when you switch from coal to LNG. Both federal and provincial acts have increased the role of indigenous people in the environmental review process. Our plans include a marine jetty to allow us to fill ships for bulk trans-Pacific shipments and vessel-to-vessel marine bunkering from our facility near Vancouver. The last dividend increase was in September 2020, when this utility raised its quarterly dividend by 5.90% to 50.50 cents/share. FortisBC Energy Inc. operates the only two LNG facilities in Western Canada. Fortis, a leader in the North American electric and natural gas utility business. Fortis LNG is the only Canadian company currently supplying clean, low-cost LNG to Asia. BC Ferries has acquired five LNG-fueled vessels. ST. JOHN’S, NEWFOUNDLAND AND LABRADOR and SURREY, BRITISH COLUMBIA – Fortis Inc. announced today that Fortis Hawaii Energy Inc. entered into an agreement with Hawaiian Electric Company, Inc., to export LNG to Hawaii to be used for local power generation. Announces First Quarter Dividends - 2021 November 18, 2020 Fortis Inc. Reports Third Quarter 2020 Earnings October 30, 2020 Advisory: Fortis Inc. to Hold Teleconference on October 30 to Discuss Third Quarter 2020 … LNG. The first phase of the Tilbury Island LNG plant’s expansion isn’t technically done yet. Learn … B.C. Through our affiliate company FortisBC Energy Inc. we are able to connect our customers to Canada’s abundant clean energy along one of LNG’s shortest shipping routes to East Asia. You can open a natural gas or electricity service account online, or by calling 1-888-224-2710 for natural gas, or 1-866-436-7847 for electricity. FortisBC will endeavor to provide LNG service from one of the LNG facilities preferred by the customer, but reserves the right to designate at the time of entering the LNG agreement and/or during the contract term another facility for dispensing some or all of the contract demand. FortisBC is an international fuelling solutions leader for commercial transportation. Massachusetts Financial Services Co /ma/ has disclosed 791 total holdings in their latest SEC filings. FortisBC forecasts that the demand for LNG for marine bunkering could be 1 MTPA by 2030. has also made changes to its provincial Environmental Assessment Act. Environmental Assessment Office. The … Domestically, a number of trucking fleets have already converted from diesel to compressed or liquefied natural gas. He said that expansion could be in the form of twinning some sections of the pipeline and additional compression. Stock analysis for Fortis Inc/Canada (FTS:Toronto) including stock price, stock chart, company news, key statistics, fundamentals and company profile. REGULATION Customer Rates and Deferral Mechanisms . Under the agreement, Fortis Hawaii would deliver 800,000 metric tons of LNG annually to Hawaiian Electric from FortisBC's Tilbury LNG facility in Delta, British Columbia, starting in 2021. FortisBC is still putting the finishing touches on a $400 million expansion of its Tilbury Island LNG plant, but is already pushing ahead with a second phase expansion. Canada has enough natural gas reserves to maintain production for up to 300 years. Fortis Inc: A leading North American utility Fortis Inc. has its origin in the formation of St. John’s Electric Light Company in 1885 in the province now known as Newfoundland and Labrador. “That could be either to ISO container market or bulk shipping.”. Corporate Governance Fortis Inc.’s ISS Governance QualityScore as … Sulphur oxides are reduced by over 90%, particulate matter by over 85% and nitrogen oxides by up to 85%. Signing up for an online profile is free. Our LNG facilities are powered by renewable hydroelectricity making them among the lowest emission facilities in the world. What is a user ID? Through our affiliate company FortisBC Energy Inc. we are able to connect our customers to Canada’s abundant clean energy along one of LNG’s shortest shipping routes to East Asia. It may also be subject to the federal government’s new Impact Assessment Act, which a number of business and industry groups have warned could be even more onerous, costly and lengthy than the Environmental Assessment Act that it replaced. ST. JOHN’S—Fortis Inc. is adding to its infrastructure assets on Canada’s west coast. SURREY, B.C., Oct. 21, 2014 /CNW/ - FortisBC – a subsidiary of Fortis Inc. (TSX:FTS) – officially started construction of its $400-million Tilbury LNG Facility expansion … Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada. FortisBC has entered into its first term supply agreement to produce liquefied natural gas (LNG) for Top Speed Energy Corp. to export to China. Interested in buying Canadian LNG today? FortisBC’s LNG plant at Tilbury Island historically was used to produce and store liquefied natural gas as a backup to meet peak demand and to address pipeline outages. FortisBC Energy Inc. operates the only two LNG facilities in Western Canada. researcher, Securities regulator grapples with fintech innovations, No free rides left on a sustainable business journalism journey, Former B.C. May 19, 2016 Fortis Inc. (“Fortis”) (TSX:FTS) announced today that Fortis Hawaii Energy Inc. (“Fortis Hawaii”), an indirect wholly-owned subsidiary, entered into an agreement with Hawaiian Electric Company, Inc. (“Hawaiian Electric”), to export liquefied natural gas (“LNG”) to Hawaii to be used for local power generation. The second phase expansion proposal has just entered the BC Environmental Assessment Office’s review process with the filing of a project description – a process that FortisBC expects will take two years to complete. Learn more about our facilities, our company and our plans for the future. Artist's rendering of an expanded LNG plant at Tilbury Island. The need for more storage was underscored in 2018 when the Enbridge natural gas pipeline that supplies the Lower Mainland and Washington with natural gas state ruptured, resulting in shortages and rationing. Should the phase two expansion be approved, it’s not expected to be complete until 2028. “To finish out phase one, we think there’s capacity there on the system,” Stout said. We also provide expertise and safe, innovative solutions for marine bunkering customers who want to convert their fleets and start fuelling with LNG. Massachusetts Financial Services Co. MA Info: Size ($ in 1000's) At 06/30/2020: $253,408,822 At 03/31/2020: $209,607,988 Combined Holding Report Includes: MASSACHUSETTS FINANCIAL SERVICES CO MA When complete, the $3 billion expansion would mean the Tilbury Island plant would produce more LNG than the Woodfibre LNG plant in Squamish. Contact us for more information and for purchase options. Bringing clean, Canadian LNG to the world, LNG’s direct route to East Asia from North America, Learn more about the Fortis LNG advantage. Private operators have also been developing small-scale LNG export opportunities. FortisBC delivers natural gas and electricity to customers in BC. If the project moves forward, we’ll be adding about 47 km of new pipe, beginning north of the Coquitlam watershed and ending at the Woodfibre industrial site, where our customer Woodfibre LNG is proposing to build a modestly-sized liquefied natural gas (LNG) processing and export facility. Our LNG facilities are connected to those reserves by an existing system of pipelines that has been supplying affordable energy to Canadian and American customers since the 1950s. Why is it different than my account number? FortisBC Energy Inc. - the largest distributor of natural gas in the Province Owns four hydroelectric generating facilities, 7,300 km of power lines, two liquefied natural gas storage facilities, and 49,500 km of natural gas pipelines Regulated by the British Columbia Utilities Commission The Fortis deal locks BC Ferries into a ten-year contract for LNG fuel with the electric … for the last 43 years. Report electrical emergencies or power outages at 1-866-436-7847. We’ve been producing LNG on the West Coast of North America since 1971. Most recent portfolio value is … Fortis Inc. FortisBC plans to bring the Tilbury Island plant’s production up from 0.25 million tonnes per annum to (MTPA) to 1 MTPA. “There is a component that could be for export,” Stout said. By using hydroelectricity we’ve reduced our emissions by about 90 per cent or about 52,500 tonnes of CO2 equivalent per year. legislature clerk charged with fraud, breach of trust, So your employee refuses to get vaccinated … a guide for B.C. We help our customers adapt to a low-carbon energy future by providing them with high quality liquefied natural gas at the lowest reasonable cost. The expanded liquefaction plant will be powered by electric drives and the facility will be air-cooled eliminating the need for cooling water. No. 1952: Inland Natural Gas was incorporated to distribute natural gas throughout the interior of British Columbia. The existing Tilbury LNG Facility opened in 1971 and has safely operated in Delta, B.C. for the last 43 years. Over the past decade, Fortis … Terms and conditions | Copyright © Business in Vancouver. Customer rates include both the delivery charge and the cost of natural gas. Meanwhile, FortisBC’s partner in the Tilbury marine jetty project – WesPac Midstream – is nearing the end of an environmental review for a new marine jetty it plans to build at Tilbury Island for a new marine bunkering facility. In 2019, the companies met a peak daytime natural gas demand of 118 TJ and a peak electricity demand of 3,179 MW. Search by model, year and location. FortisBC hopes to see the jetty’s approval sometime this summer, with a completion date of 2022. Fortis shares are listed on both the Toronto Stock Exchange and the New York Stock Exchange. Learn how we’re fuelling change with CNG and LNG for trucks, marine vessels, locomotives and mining vehicles. FortisBC Energy Inc. is a subsidiary of Fortis Inc. View all 2 photos. We’ve just completed an expansion of our LNG facility near Vancouver, and we've submitted an Initial Project Description for a Phase 2 expansion to the Impact Assessment Agency of Canada and the B.C. Currently BC Ferries has five vessels operating on LNG and Seaspan has two, with two more LNG vessels on order, Stout said. Current marine customers include BC Ferries and Seaspan. The expansion plan includes increasing storage capacity. That company eventually became Newfoundland Light & Power Co. Limited which became the first wholly owned subsidiary of Fortis Inc. Fortis … Fortis Inc. (FTS) operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. These exporters are using ISO containers, which can be put on container ships, and shipping them to China. That’s thanks to hundreds of millions of BC taxpayer dollars and the $16 million dollars chipped in by FortisBC, a subsidiary of Canada’s largest private utility company, Fortis Inc. The cost of natural … Our affiliate company FortisBC Energy Inc. owns and operates two LNG facilities located on international shipping routes, allowing our customers to ship their LNG efficiently and economically. So have a number of ferries operated by Seaspan and BC Ferries. That is 1.4 MPTA more than the Woodfibre LNG plant would produce in Squamish. Energy Infrastructure LNG. Find a Fleetwood RV for sale. FortisBC Energy Inc. (formerly Terasen Gas) is a subsidiary of Fortis Inc., a Canadian, investor-owned corporation. Should phase two be approved and sanctioned, it would bring the Tilbury Island plant’s capacity up to 3.5 MTPA. Up to 19% greenhouse gas reduction for marine vessels using LNG compared to other marine fuels. 's COVID-19 death toll continues to rise, with 11 people passing away in past day, One of 2020’s biggest games taps the brains (and jaw and lips) of B.C. All rights reserved. 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