In September 2014, the Company commissioned an independent renewable energy infusion study that identified how much intermittent power, such as solar and wind, can be accommodated on the T&D system. The study also determined how much of these renewables can be supplied to the grid without compromising integrity and reliability, and without increasing cost.
FortisTCI President and CEO Eddinton Powell said, “The Company is very enthusiastic about the potential of this project and partnering with this potential IPP in the generation of green energy. This project, and soon to be launched renewable energy programs for residential customers, will usher in a new era of green energy in the TCI. We know that this will not happen overnight, and we realize that this is still an expensive proposition. However, the Company believes that renewable sources of energy will play an increasing role in the Country’s energy mix as the technologies improve and become more cost-effective. The Company is equally adamant that renewable energy should not increase the cost to our customers, or undermine the safety and high-service reliability the country has come to expect from FortisTCI.”
The Company’s approach to the introduction of renewable energy sources is to carefully accommodate both utility scale and small scale residential solar systems that can interconnect to the grid within proposed limits. At this time, wind-powered systems cannot be accommodated on the grid, due to restraints placed by the Planning Department on the Company’s proposed wind energy pilot project.
Notes to Editors:
2) Fortis Inc. is a leader in the North American electric and gas utility business, with total assets of approximately $28 billion and fiscal 2014 revenue of $5.4 billion. Its regulated utilities account for approximately 93% of total assets and serve more than 3 million customers across Canada and in the United States and the Caribbean. Fortis owns non-regulated hydroelectric generation assets in Canada, Belize and Upstate New York. The Corporation’s non-utility investment is comprised of hotels and commercial real estate in Canada. For more information, visit www.fortisinc.com or www.sedar.com
VP, Customer & Corporate Services
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