October 22, 2008
Electricity Service Restored to Fortis Turks and Caicos Customers Impacted By Hurricane Ike
Fortis Turks and Caicos, a wholly owned subsidiary of Fortis Inc. (TSX: FTS), reports that electricity service has been restored to all customers ready to receive service who were impacted by Hurricane Ike, a Category 4 hurricane which struck the Turks and Caicos Islands in early September. Customers in the utility's service areas of North Caicos, Middle Caicos and South Caicos were most impacted by the Category 4 hurricane. With assistance provided by the Hurricane Response Team mobilized by Fortis, the Company completed its electricity service restoration work ahead of schedule.
Fortis Turks and Caicos serves more than 9,000 customers, or 85 per cent of electricity consumers on the Turks and Caicos Islands. It owns and operates an integrated electricity system providing for the generation and distribution of energy on Providenciales, North Caicos, Middle Caicos and South Caicos, with the load on Providenciales normally accounting for 80% of the total.
The assets of Fortis Turks and Caicos are approximately $140 million, representing approximately 1% of the total assets of Fortis.
Fortis is the largest investor-owned distribution utility in Canada. With total assets of approximately $10.5 billion and annual revenue of more than $2.7 billion, the Corporation serves almost 2,000,000 gas and electricity customers. Its regulated holdings include a natural gas utility in British Columbia and electric distribution utilities in five Canadian provinces and three Caribbean countries. Fortis owns non-regulated generation assets across Canada and in Belize and Upper New York State. It also owns hotels and commercial real estate in Canada. Fortis shares are listed on the Toronto Stock Exchange and trade under the symbol FTS. Additional information relating to Fortis and its holdings can be accessed at www.fortisinc.com or www.sedar.com.
Contacts: Fortis Inc. Donna Hynes Manager, Investor & Public Relations 709-737-2800 709-737-5307 (FAX)
SOURCE: Fortis Inc.