Newfoundland Power Inc.

Corporate Finance:Utilities & Independent Power

Summary

Newfoundland Power Inc. generates, transmits and distributes electricity. The Company has approximately 243,000 customers throughout the island portion of the Province of Newfoundland and Labrador. It purchases approximately 93% of its electricity needs from government-owned Newfoundland and Labrador Hydro and generates the balance from its own generation facilities (140 megawatts). Newfoundland Power Inc. is a wholly owned subsidiary of Fortis Inc., a Canadian public holding company focused primarily on electric and gas utility operations in Canada, the Caribbean and the United States.