Providenciales, Turks & Caicos Islands (January 14th) - PPC Ltd's Mr. Eddinton Powell (CEO) and Mr. Allan Robinson (VP Customer & Corporate Service) had the opportunity to meet with the Premier, Hon. Dr. Michael Misick to discuss the company's future plans for the Turks & Caicos Islands. This is Mr. Powell's first meeting with the Premier. Mr. Powell was very happy with the meeting and stated "the Premier was very interested in the company's 5-year investment plans. He wanted reassurance that the company was able to keep pace with the country's rapid growth." Also, the Premier was eager to discuss the company's environmental plans, particularly on the heels of the recently completed Environmental Conference "Fostering a Green Culture." Mr. Powell reassured Dr. Misick that PPC shares his concerns about the environment and is taking steps to boost it's Environmental Management System (EMS). Mr. Robinson also explained "As the company grew, its environmental footprint would not grow commensurately." Hon. Jeffrey Hall; Minister for Utilities was also present.
P.P. C. Limited (PPC) and Atlantic Equipment & Power Limited (Atlantic) became a wholly owned subsidiary of Fortis Inc located in New Foundland Canada in August 2006. PPC and Atlantic serve approximately 8,500 customers or 80% of electricity customers in the Turks & Caicos Islands. PPC is the sole provider of electricity in Providenciales, North Caicos and Middle Caicos. Atlantic is the sole provider of electricity in South Caicos. The utilities have a combined diesel-fired generating capacity of approximately 35 megawatts (MW).
Fortis Inc., the largest investor-owned distribution utility in Canada, serves almost two million gas and electric customers and has approximately $10 billion of assets. Its regulated holdings include a natural gas utility and electric utilities in five Canadian provinces and three Caribbean countries. Fortis Inc. owns non-regulated hydroelectric generation assets across Canada and in Belize and upper New York State. It also owns hotels and commercial real estate in Canada. Fortis Inc. shares are listed on the Toronto Stock Exchange and trade under the symbol FTS. Additional information can be accessed at www.fortisinc.com or www.sedar.com
VP, Customer & Corporate Service
P.P.C Limited (PPC)