TSE:FTS the electricity industry. While the continued  profitable expansion of the electric utilities  in the Fortis family is our first priority, we will also pursue opportunities to acquire other utilities in Canada, the Caribbean and the northeastern United States. Fortis has considerable experience and knowledge in the construction and operation of small hydroelectric generating facilities. We will leverage this expertise by undertaking new developments and joint ventures with others wanting to redevelop their existing facilities. Our vision is to be the world leader in the segments of the electricity industry in which we operate. Fortis Properties will continue to grow  in size and profitability to provide the financial and tax flexibility needed for expansion in  the regulated utility area. To fulfill its strategic purpose, Fortis Properties will comprise  15 to 25 per cent of the total enterprise. Fortis continues to build on our proven track record of delivering high quality services and value to our customers and providing good returns to our shareholders. We are the leading service provider in the jurisdictions in which we operate. Our employees are empowered to respond to the needs of our customers within an agile, highly decentralized organization. Autonomy, integrity and accountability are our core values. The competency and commitment of our employees are the cornerstones of our strength. Employee and public safety is a corporate priority in all Fortis operations. 9 FORTIS Inc. 2OO1 Annual Report