The Financial Post reports in its Saturday, Oct. 15, edition that chief executive officer Barry Perry says Fortis made its latest foray into the United States electric transmission system at just the right time. The Post's Geoffrey Morgan writes that on the day Fortis closed its $11.3-billion (U.S.) acquisition of ITC Holdings, Mr. Perry said his company is positioned to build out new infrastructure as the U.S. transitions away from coal-fired electricity generation toward more natural gas and renewable power. Mr. Perry said, "There is a focus in the U.S. of switching to natural gas and renewables." He thinks ITC is in a good spot to grow during that transition. Fortis purchased Arizona-based UNS Energy for $2.5-billion (U.S.) at the end of 2013 and New York-based CH Energy Group for $1.5-billion (U.S.) in 2012. Mr. Perry said Fortis would take some time to digest the Feb. 9 ITC purchase, and invest in new organic projects, before it begins hunting for more deals. He said Fortis would continue to focus its acquisition strategy in the U.S. because "we don't really see much opportunity" in Canada. He noted that many utilities in Canada are Crown corporations, while the U.S. market consists of investor-owned utility companies.