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FortisTCI Limited Partners With the Rocky Mountain Institute (RMI) and Carbon War Room (CWI) on Turks and Caicos Islands Renewable Energy Effort

FortisTCI Limited Partners With the Rocky Mountain Institute (RMI) and  Carbon War Room (CWI) on Turks and Caicos Islands Renewable Energy  Effort 29Jun 2016

Providenciales, Turks and Caicos Islands (Wednesday, June 29, 2016) FortisTCI (the Company) continues to advance its goal of being a leader in renewable energy in the region by recently signing a Memorandum of Understanding (MOU) with Carbon War Room (CWR) and the Rocky Mountain Institute (RMI) to undertake a number of joint initiatives. This collaborative approach to integrating renewable energy onto the FortisTCI grids across the Turks and Caicos Islands is anticipated to help meet renewable energy targets set by FortisTCI in 2015.

The signing took place on Tuesday, June 28, 2016, at the FortisTCI headquarters in Providenciales. Some of the work that the CWR will do by way of this MOU is: assess potential sites for the integration of a total of 1 Mega Watt (MW) solar PV projects across the Company’s service territory, assess the potential development of a micro grid on Salt Cay, assist with the Request for Proposal (RFP) process, and review the ten year FortisTCI Integrated Resource Plan (IRP) - which maps objectives to meet energy-mix diversification (including renewable energy); ensure that the country continues to have reliable, least-cost electricity; and to meet the energy demands of the county’s growing economy.

(FortisTCI RMI-CWI Signing - Group Photo - L to R):
Sitting - Ruth Forbes, FortisTCI VP of Finance, HR, IT & CFO; Eddinton Powell, FortisTCI President & CEO; Chris Burgess, Operations Manager at Rocky Mountain Institute (RMI) and Carbon War Room (CWR); and Katya Whyte, Project Manager, RMI-CWR.
Standing - Rachell Roullet, FortisTCI Director of IRP; Don Forsyth, FortisTCI Director of Engineering & Planning; Nigel Hosein, FortisTCI VP of Energy Production & Project Management; Devon Cox, FortisTCI VP of Transmission & Distribution; Alexandria Missick, FortisTCI Director of Legal Services.
 
 
(FortisTCI President & CEO Signing - FTCI RMI-CWI MOU - L to R): Chris Burgess, Operations Manager at Rocky Mountain Institute (RMI) and Carbon War Room (CWR) and Katya Whyte, Project Manager, RMI-CWR, look on as FortisTCI President & CEO Eddinton Powell signs Memorandum of Understanding (MOU).


In November 2015, FortisTCI launched renewable energy programs called Customer Owned Renewable Energy (C.O.R.E.) and Utility Owned Renewable Energy (U.O.R.E) available to all customers on Providenciales and Grand Turk. The Company’s overall renewable energy program targets include the integration of 6MW or 10,500,000 MWh of solar production on the grid by 2018 and 7MW or 12,200,000 MWh of solar production on the grid by 2020.

FortisTCI President and CEO Eddinton Powell said, “We are pleased to partner with the Carbon War Room and Rocky Mountain Institute, and consider this a strategic approach that will help FortisTCI and the Turks and Caicos Islands not only lead the transition to a multi-sourced energy model, but will lead to the uptake of renewable energy in a way that is good for all customers in the Turks and Caicos Islands. A methodical, sensible approach to the integration of renewables is necessary and is the only way to ensure that our customers continue to receive the high-level service and reliability that FortisTCI is known to deliver. The Company is focused and working to ensure all customers benefit from a shift to what is a new energy paradigm.”

“We are delighted to partner with FortisTCI and to support them with their renewable energy transition." said Chris Burgess, Operations Manager at Rocky Mountain Institute and Carbon War Room.

Notes to Editors:

1) FortisTCI Limited (FTCI) is a wholly owned subsidiary of Fortis Inc., and is the sole provider of electricity in Providenciales, North Caicos, Middle Caicos, South Caicos, East Caicos and adjacent Cays. In August 2012, Turks and Caicos Utility Limited (TCU), which is the sole provider of electricity on the Islands of Grand Turk and Salt Cay, was acquired by FTCI. Together the two companies serve more than 14,100 electricity customers in the Turks & Caicos Islands archipelago. FTCI and TCU have an aggregate diesel-fired generating capacity of approximately 82 megawatts. Additional information on FortisTCI can be accessed at www.fortistci.com.
 

2) Fortis Inc. is a leader in the North American electric and gas utility business, with total assets of approximately $28 billion and fiscal 2015 revenue of $6.7 billion. The Corporation’s asset mix is approximately 96% regulated (70% electric, 26% gas), with the remaining 4% comprised of non-egulated energy infrastructure. The Corporation’s regulated utilities serve more than 3 million customers across Canada, the United States and the Caribbean. For more information, visit www.fortisinc.com or www.sedar.com

CONTACT:

Talisha Simons
Manager of Corporate Communications
FortisTCI Ltd
Tel: 649-946-4313 Ext. 2519
Email: tsimons@fortistci.com