The Globe and Mail reports in its Friday, Oct. 21, edition that Fortis, the Canadian utility owner whose $6.9-billion purchase of power-line operator ITC Holdings has just closed, is not ready to call it a day when it comes to making further deals. A Bloomberg dispatch to The Globe reports that Fortis chief executive officer Barry Perry says: "We'll have further opportunities when we're ready to grow. People like our model, operating substantially autonomous businesses. That model resonates well with a lot of management teams." Grappling with slowing electricity demand and rising capital costs, power companies are looking elsewhere for growth opportunities. The ITC deal followed two previous U.S. acquisitions by Fortis, which is based in St. John's, Nfld., of UNS Energy in 2014 and CH Energy Group in 2013. While next year will be spent on making sure ITC delivers in terms of earnings, Mr. Perry says he will not be deterred by growing competition for takeovers in the utility sector in future. Fortis shares gave back 32 cents to close in Toronto Thursday at $42.54. The Globe reported on Sept. 23, that Raymond James analyst David Quezada rated Fortis "outperform." It was then worth $42.38.