Providenciales, Turks & Caicos Islands (Wednesday, February 23, 2008) - Fortis Inc, the Parent Company for Provo Power Company (PPC) Ltd has donated $2,000 to the Special Needs Association of Providenciales (SNAP), a non-profit organization catering to kids with mental and physical challenges.
PPC Ltd employees selected SNAP because of the important work that the organization is doing to motivate and improve the lives of the kids. Chester Smith, President of SNAP and Kendra Parker were on hand to receive the check. The president of SNAP spoke very passionately about the program, and said "We are working very hard to create a better environment and would like to keep the facility open daily. We would like to encourage other companies to follow PPC's lead." Chester expressed his deepest appreciation to PPC and to Fortis Inc who had opted to make this kind of donation to a charity in each country where it does business in lieu of the traditional Christmas cards.
P.P. C. Limited (PPC) and Atlantic Equipment & Power Limited (Atlantic) became a wholly owned subsidiary of Fortis Inc located in Newfoundland 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 78.8 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, Corporate & Customer Service
P.P.C Limited (PPC)