Terasen Gas to be known as FortisBC effective March 1, 2011

  • Mar. 1, 2011 5:00 a.m.

Terasen Gas and FortisBC unveil new logo to symbolize their shared identity

Terasen Gas and FortisBC announced today that the Terasen group of companies are being renamed effective March 1, 2011, and these companies and FortisBC Inc. will share a common brand name – FortisBC.

“The Fortis companies in B.C. are known today by several names such as Terasen Gas Inc., Terasen Gas (Vancouver Island) Inc., Terasen Gas (Whistler) Inc. and FortisBC, all of which are separate legal entities and will remain as such. However, going forward our customers will know all these companies under the shared name FortisBC,” said John Walker, President and CEO, Terasen Gas and FortisBC.

This change identifies the gas business more fully with other Fortis Inc. operations and reflects its position as part of the largest investor-owned distribution utility in Canada. The companies that will comprise FortisBC account for more than 50 per cent of the total assets of Fortis Inc., a Canadian-owned company headquartered in St. John’s, Newfoundland.

The move reflects the shared energy expertise of the businesses, which together deliver more energy than any other B.C. utility. It also builds on the combined leadership structure put in place last year when John Walker became President and CEO of Terasen Inc. and FortisBC Inc.

“Terasen Gas has been a part of the Fortis family since 2007. Aligning our strengths and resources leverages our expertise in gas, electricity and integrated energy solutions, and provides customers one name through which to know all of our energy offerings,” said Walker. “There is much work to be done, and we are uniquely positioned to help British Columbia meet its energy goals in the coming decades.”

The most noticeable immediate change will be that, starting March 1, natural gas customers will notice a new name on their monthly utility bill: FortisBC instead of Terasen Gas. Customers will continue to receive separate natural gas and electricity bill statements.

With the roll-out of the shared FortisBC name and a new logo, other changes will also be visible including new signs on facilities and office buildings, the new logo on natural gas and electricity service vehicles, new work wear for employees, and a new website (www.fortisbc.com).

Today, the Fortis companies in B.C. employ more than 2,000 British Columbians and deliver approximately 21 per cent of the total energy consumed in B.C. to more than 1.1 million customers in 135 communities. Together, FortisBC and Terasen Gas have invested more than $1 billion in B.C. since 2007, and their combined B.C. operations have assets of $6.4 billion.

“Terasen Gas was one of Canada’s first utilities to offer alternative energies like biogas, geoexchange and district energy systems as regulated services,” said Walker. “And we remain ready to deliver on all that our customers expect from an industry leader through both conventional energy sources like electricity and natural gas and innovative alternative energy solutions.”

Although Terasen Gas is changing its name, there is no change to the legal status of the companies comprising Terasen Gas and FortisBC. Each will remain separate legal entities, with the common business name, a new common logo and a common brand identity to represent the companies. The ownership structures of Terasen Gas and FortisBC will remain the same, operating as regulated utilities under our Canadian parent company, Fortis Inc. As part of the name change, all Terasen companies will take on a variation of the FortisBC name. All name changes will be effective March 1, 2011.

 

    Existing Name                       New Name

    ————-                       ——–

    Terasen Gas Inc.                    FortisBC Energy Inc.

    Terasen Gas (Vancouver              FortisBC Energy (Vancouver

     Island) Inc.                        Island) Inc.

    Terasen Gas (Whistler) Inc.         FortisBC Energy (Whistler) Inc.

    Terasen Inc.                        FortisBC Holdings Inc.

    Terasen Energy Services Inc.        FortisBC Alternative Energy Services Inc.