In September 2003, Fortis Inc. entered into an agreement with Aquila, Inc. for the purchase of its regulated electric utilities in British Columbia and Alberta for $1.4 billion. This was Fortis Inc.’s first investment in Western Canada. The acquisition closed in May of 2004 and the Alberta subsidiary was renamed FortisAlberta. FortisAlberta is a pure distribution utility using approximately 91,o00 km of power lines and delivered a peak demand of 2,770 MW in 2020.