The largest integrated electric utility and the principal distributor in Belize is Belize Electricity Limited. BEL was approximately 70% owned by Fortis Inc., a Canadian investor-owned distribution utility. Fortis took over the management of BEL in 1999, at the invitation of the government of Belize in an attempt to mitigate prior financial problems with the locally managed utility. In addition to its regulated investment in BEL, Fortis owns Belize Electric Company Limited (BECOL), a non-regulated hydroelectric generation business that operates three hydroelectric generating facilities on the Macal River.