Who owns Maritime Electric?
Maritime Electric is owned by Fortis (Canada, TSX: FTS).[1]
Evidence: Fortis Inc. Annual Report on Form 40-F filed 2026-02-12, SEC EDGAR, 12 February 2026. Verified from filings; last checked .
Key facts
- Current owner
- Fortis Inc. verified
- Owner HQ
- 🇨🇦 Canada, St. John's
- Origin
- 🇨🇦 Canada
- Category
- Energy › Power & utilities › Electric utilities
- Parent ticker
- TSX: FTS NYSE: FTS
- Last verified
- · 1 sources
About Maritime Electric
Maritime Electric is an integrated regulated electric utility and the principal distributor of electricity on Prince Edward Island. Fortis's 2025 AIF lists it with its other eastern Canadian electric utilities and mentions renewal of its energy supply agreement with NB Power.
How often Fortis names Maritime Electric in its annual report
A plain count of the times the name appears in the text of each annual report, not counting the start of a sentence. A brand that an owner writes about more is usually one it treats as central. The brand is named more often than it was three years earlier.
Ownership timeline of Maritime Electric
Where Maritime Electric sits in Fortis
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full Fortis ownership tree →
See the full Fortis brand portfolio (10) →
Other brands owned by Fortis
Fortis controls 10 brands on Brandtree, 10 of them in energy.
Also in energy
Other brands in electric utilities, and who owns them
The 47 brands in electric utilities on Brandtree belong to 30 owners. The largest is Exelon, with 6; Fortis has 6.
| Brand | Owner | Owner based in |
|---|---|---|
| Atlantic City Electric | Exelon | 🇺🇸 United States |
| Alabama Power | Southern Company | 🇺🇸 United States |
| Empire District Electric | Algonquin Power | 🇨🇦 Canada |
| Chubu Electric Power | Chubu Electric Power | 🇯🇵 Japan |
| Dominion Energy South Carolina | Dominion Energy | 🇺🇸 United States |
| Kentucky Utilities | PPL | 🇺🇸 United States |
| Wisconsin Electric Power Company | WEC Energy Group | 🇺🇸 United States |
| AES Ohio | AES | 🇺🇸 United States |
About the owner: Fortis
Fortis is a publicly listed company headquartered in St. John's, Canada. Brandtree records 10 brands under its control, and it is listed as TSX: FTS and NYSE: FTS.
Fortis Inc. is a holding company whose 2025 annual information form lists its regulated utilities as ITC (electric transmission), UNS Energy, Central Hudson, FortisBC Energy, FortisAlberta, FortisBC Electric and a group of other electric utilities in eastern Canada and the Caribbean. The AIF says Fortis holds 80.1% of ITC Investment Holdings (an affiliate of GIC holds 19.9% as a passive investment) and 100% of UNS Energy, Central Hudson, FortisBC Energy, FortisAlberta and Newfoundland Power. Its common shares trade on the TSX and NYSE under the symbol FTS.
🇨🇦 Maritime Electric and other Canadian brands
Brandtree records a controlling owner for 174 brands that began in Canada. 41 of them (24%) are now controlled by a company headquartered in another country; Maritime Electric is not one of them.
- Algoma Tubes — Tenaris 🇱🇺
- Burnaby Refinery — Sunoco 🇺🇸
- CNOOC Petroleum North America — CNOOC 🇨🇳
- Cameco — Cameco 🇨🇦
- Canadian Natural — Canadian Natural 🇨🇦
- Canwest Propane — Superior Plus 🇨🇦
Frequently asked questions
Who is the parent company of Maritime Electric?
The parent company of Maritime Electric is Fortis, a publicly listed company headquartered in Canada.
Is Maritime Electric Canadian?
Yes. Maritime Electric originated in Canada and its owner, Fortis, is also headquartered in Canada.
Is Maritime Electric still owned by Fortis?
Yes. As of 5 October 2026, Maritime Electric is still owned by Fortis. The ownership record was last checked against primary sources on that date.
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Fortis Inc. Annual Report on Form 40-F filed 2026-02-12 — SEC EDGAR, SEC filing, published 12 February 2026; retrieved 5 October 2026.
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