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FortisTCI announces bid to hike electricity bills, cites record $42m response to hurricanes as destabilizing

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#Providenciales, Turks and Caicos Islands – Wednesday July 11, 2018 – Lingering adversity caused by the catastrophic 2017 Atlantic Hurricane Season will likely result in an increase in electricity bills for Turks and Caicos consumers; FortisTCI CEO and President today announced that an application requesting the rise has been filed with Government.

Approval will result in an immediate change in power bills.

“Today FortisTCI filed a rate variation application under Section 34 of the Electricity Ordinance.  The application proposes an average rate of 6.8 percent increase.  Residential customers with an average monthly consumption of 500 k/w hours would see an increase of approximately $8 per month on their electricity bills,” said Eddinton Powell, FortisTCI CEO.  

Ten months following the double whammy of Hurricanes Irma and Maria – two of the costliest and deadliest storms of 2017 – the Turks and Caicos is still reeling from the effects of the major hurricanes and it may mean a 6.8% hike in power bills.  The request has to first be approved.

“The application seeks to restore the company’s financial position which was weakened by the cost of restoration of electricity following Hurricanes Irma and Maria.  The total impact directly attributable to the hurricanes is $42 million.”

Record response to the nationwide loss of electricity in Category 5 hurricane Irma alone was expensive explained Powell when media quizzed him about the need for the hike and how long the increase would be imposed upon consumers.  Mr. Powell assured, FortisTCI was not trying to recapture earnings lost during the recovery period.

“…It’s not just to recover per say the cost of electricity which we expect to recover over a long period of time, we don’t want to increase the rate to a certain extent where we percent to our customers a rate shock that would be too expensive, we want to gradually increase… to restore the company to a sound financial position.”

Eddinton Powell, CEO & President, FortisTCI

Mr. Powell said the company has made a case for the increase request, permitted by law and expects incremental recuperation.  Mr. Powell corrected public assumption that FortisInc paid for the restoration; explaining that FortisTCI covered the cost in full.

“We had to pay and we had to borrow the money, finance that restoration and the restoration is paid for – past tense – paid for in full.  Now, what we are trying to do with this application is to restore the company to strong financial health,” explained Mr. Powell in that media debriefing today.  The CEO agreed that the hurricanes weakened the company’s financial soundness, “…the cost of the restoration, the loss revenues, the write off of assets all of those things contributed to the weakening of the company’s financial position.”

The CEO, flanked by company executives at FortisTCI Leeward Highway headquarters added that there is going to be opportunity for residents to learn more and vocalise their thoughts about the application for the increase.  Mr. Powell shared that initiatives of FortisTCI will eventually result in lower power bills.

“Through more solar penetration in the system, through the possibility, the very good possibility of liquefied natural gas (LNG), that is the increase of fuel mix on the system away from diesel more towards LNG, more towards solar energy.  I am convinced that all of those things if managed properly and executed properly by the Government and the company can result in the future in lower energy costs to the Turks and Caicos which we have an interest in doing.”

The goal of FortisTCI, shared the CEO, is to return to a stable financial position.  Mr. Powell characterized their request as both ‘reasonable and warranted’.

Once approved, the electricity rate increase  will take immediate effect.

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CIBC Caribbean Hosts Career Day Experience  

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CIBC Caribbean proudly welcomed students from Shining Stars Preparatory School for an engaging and educational visit in celebration of the school’s annual Career Day.

Turks and Caicos Islands, June 19, 2025 –Shining Stars Preparatory School students got an inspiring introduction to the world of finance during a recent visit to CIBC Caribbean. Adorned in costumes, the future professionals were welcomed by the bank in recognition of the school’s annual career day.                                                                                                                                                                                                                                The visit formed part of CIBC Caribbean’s ongoing commitment to youth empowerment and education. With bright eyes and inquisitive minds, the students met with members of the Digital Banking, Personal and Business Banking (PBB) Sales, and Corporate Banking Support teams to learn more about the many career opportunities available within the financial services sector.

CIBC Caribbean Head of Country, Terrance Gibson, said, “At CIBC, we firmly believe that investing in our youth is investing in the future of TCI. Welcoming the students of Shining Stars Preparatory School into our space was not only a privilege, but a powerful reminder of why community engagement matters.”                                                                                                                                                                                                              The students were enthusiastic throughout the visit, eagerly asking questions and expressing keen interest in the daily operations of the bank. Their curiosity was met with thoughtful insights from CIBC Caribbean team members, who shared their personal journeys and professional experiences in banking.

As part of its broader community outreach, CIBC Caribbean has adopted Shining Stars Preparatory School. The bank has collaborated on a number of initiatives that promote learning, growth, and opportunity for young people.

Gibson added, “These bright young minds are full of potential, and our hope is that by opening our doors and sharing our knowledge, we have helped to spark interest in careers in banking, finance, and beyond. This relationship with Shining Stars speaks to our long-standing commitment to youth development and supporting the communities we serve.”

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Border Force Reports: Repeat Immigration Offender Sentenced for Unlawful Entry & Breach of Deportation Order

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The Turks and Caicos Islands Border Force confirms that Haitian national Richardson Cherefaere has been sentenced to 16 months’ imprisonment by the Magistrates Court on 3 June 2025, following charges of Attempted Unlawful Entry and Returning to the Islands Contrary to a Deportation Order.

Cherefaere is a repeat immigration offender with a history of attempting to unlawfully re-enter the Turks and Caicos Islands. His first illegal entry occurred in 2019, and he was subsequently convicted and deported in January 2025 following his most recent attempt to re-enter the country. His continued disregard for immigration laws and deportation directives has resulted in a substantially longer custodial sentence.

In response, Hon. Jamell Robinson, Deputy Premier and Minister of Immigration and Border Services, states, “This significant sentence sends an unequivocal message: the Turks and Caicos Islands Border Force will relentlessly pursue and prosecute anyone who deliberately defies our immigration laws and ignores deportation orders. We are unwavering in our commitment to secure our borders and uphold the rule of law with the full force it demands, ensuring justice is served every time.”

The public is strongly reminded that harbouring or facilitating the illegal entry of migrants is a serious criminal offense punishable by fines up to $20,000 and imprisonment for up to four years under the Immigration Ordinance. Anyone found in breach of these laws will face firm and immediate legal action.

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Turks and Caicos Deputy Supervisor of Elections Completes Observation Attachment in Cayman Islands: Insights to Strengthen Local Electoral Processes

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PRESS RELEASE

FROM THE TURKS AND CAICOS ISLANDS ELECTIONS DEPARTMENT

Providenciales, Turks and Caicos Islands — Ms. Willette A. Pratt, Deputy Supervisor of Elections for the Turks and Caicos Islands, has successfully completed a professional attachment with the Elections Office of the Cayman Islands. The visit, held from April 18 to May 2, 2025, allowed Ms. Pratt to observe the Cayman Islands’ 2025 General Elections, gaining valuable insights into their electoral procedures, staffing models, and operational strategies.

Facilitated through a collaborative initiative by the Governor’s Office of the Turks and Caicos Islands, the Elections Office of the Cayman Islands, and the Turks and Caicos Islands Elections Office, and welcomed by Cayman Islands Supervisor of Elections Mr. Wesley Howell, this attachment underscores a shared commitment to electoral excellence and democratic integrity.

“The Cayman Islands have demonstrated a robust and transparent electoral system. This experience has deepened my understanding of practical applications that can enhance the efficiency, inclusiveness, and accountability of our own electoral framework in the Turks and Caicos Islands,” stated Ms. Pratt. The visit was collaborative as Ms. Pratt was able to share elements of TCI’s processes with her host agency.

Key Observations and Recommendations Include but not limited to :

  • Strategic Staffing and Secondments: Cayman’s use of seconded civil servants with diverse skill sets greatly enhances operational capacity during elections.
  • Continuous Voter Registration:
  • Dedicated District Registration Officers.
  • Advanced Voter Identification System.
  • Inclusive Voting Mechanisms such as mobile and postal voting.
  • Comprehensive Poll Worker Training and Retention:

Reflecting on the importance of such observational opportunities, the Supervisor of Elections for the Turks and Caicos Islands stated:

“Attachments like these are crucial for the professional growth of our team. They not only allow us to benchmark against international best practices but also provide mentorship opportunities that build confidence and capability within our ranks. Ms. Pratt’s experience is a testament to our commitment to continuous improvement and excellence in electoral administration.”

Acknowledgements:
The Elections Office of the Turks and Caicos Islands extends sincere thanks to the Governor’s Office of the Turks and Caicos Islands, the Elections Office of the Cayman Islands, and all stakeholders involved in facilitating this valuable exchange. Their support made this developmental opportunity possible and meaningful.

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