GLPD has been renamed Algoma Power and serves approximately 12,000 customers located in the district of Algoma in northern Ontario. Its assets include more than 1,800 kilometers of distribution lines in an area that covers approximately 14,200 square kilometers, Fortis said.
Bill Daley, president and CEO of FortisOntario, said: “This acquisition positions FortisOntario as the only investor-owned electric distribution utility in Ontario and reaffirms our long term commitment to the continued growth of our distribution business in the province.
“FortisOntario has a successful track record of acquiring and integrating small- and medium-sized utilities into its distribution operations and looks forward to providing our new customers in the Algoma district with safe and reliable electricity distribution service.”
Fortis is an investor-owned distribution utility in Canada. Its regulated holdings include electric distribution utilities in five Canadian provinces and three Caribbean countries, and a natural gas utility in British Columbia. Fortis owns and operates non-regulated generation assets across Canada and in Belize and Upper New York State.
