Energy Impact Partners adds a large North American utility as investment firm expands throughout the continent
NEW YORK CITY, NEW YORK and ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwired - Sept. 12, 2016) -
Energy Impact Partners LP (EIP) today announced the addition of Fortis Inc. (Fortis)(TSX:FTS) to its Nexus strategic
partner network. Fortis joins Southern Company (NYSE:SO), National Grid plc (NYSE:NGG), Xcel Energy Inc. (NYSE:XEL), Ameren
Corporation (NYSE:AEE) and Great Plains (NYSE:GXP) as strategic partners investing in innovative technologies to improve customer
service, reduce costs and increase revenues.
EIP is a private equity fund that invests in emerging technologies, products, services and business models across the full
electricity supply chain from generation to consumption. EIP recently announced investments in AutoGrid Systems, which provides big data analytics and cloud computing solutions for the energy
industry, and in Sense Labs, a leading home energy intelligence and
management platform.
"Fortis is pleased to make a strategic investment in the Energy Impact Partners Utility Coalition," said Barry Perry,
President and CEO of Fortis. "Fortis' nine operating utilities throughout North America are focused on responding to
customer needs. In doing so, we are actively committed to innovation and investigating emerging technologies in the utility
sector, which will reduce costs and enable us to deliver reliable energy safely to our customers."
"Fortis will bring new perspectives to Energy Impact Partners," said EIP CEO and Managing Partner Hans Kobler. "Our
strategic coalition now spans all of North America, offering insights from a variety of regulatory environments and a full range
of customers. The breadth of these partnerships truly provides a platform for our portfolio companies to scale."
"Fortis has a very diverse North American footprint. We operate in a variety of climates and regulatory environments that span
Canada, the United States and the Caribbean," said James Laurito, EVP of Business Development for Fortis. "Working with
the team at EIP, we will remain at the forefront of emerging technologies in the ever-changing utility industry."
About Energy Impact Partners
Energy Impact Partners is a collaborative strategic investment firm that invests in companies optimizing energy consumption
and improving sustainable energy generation. Through close collaboration with its strategic investor base, EIP seeks to bring the
best companies, buying power and vision in the industry to bear on the emerging energy landscape. EIP's partners include Southern
Company (NYSE:SO), National Grid (NYSE:NGG), Xcel Energy (NYSE:XEL), Ameren (NYSE:AEE), Great Plains Energy (NYSE:GXP) and Fortis
Inc. (TSX:FTS). For more information, visit www.energyimpactpartners.com
About Fortis Inc.
Fortis is a leader in the North American electric and gas utility business, with total assets of approximately CAD$29 billion
and fiscal 2015 revenue of CAD$6.7 billion. The Corporation's asset mix is approximately 94% regulated (69% electric, 25% gas),
with the remaining 6% comprised of non-regulated energy infrastructure. The Corporation's regulated utilities serve more than 3
million customers across Canada, the United States and the Caribbean.
Fortis shares are listed on the TSX and trade under the symbol FTS. Additional information can be accessed at www.fortisinc.com, www.sedar.com, or www.sec.gov.