FortisTCI announces bid to hike electricity bills, cites record $42m response to hurricanes as destabilizing
#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.”
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.
Wal Registre’s Impressive Rise at BTC
PROVIDENCIALES, Turks & Caicos Islands: When Wal Registre started his career at Beaches Turks and Caicos (BTC) on October 25, 1997 as a bartender, little did he know that 25 years after, he would have risen to the post of payroll administrator within the same organisation.
The Raymond Gardiner High School graduate was always good at accounting and mathematics and had the dream of excelling in the hospitality industry in an area that would best fit his passion and academic strength.
Having been promoted to bar supervisor in 1999, Wal’s vision for growth was still active as he recognised that being a team member at Beaches Turks and Caicos would allow him to excel beyond his comfort zone. Following the completion of a number of courses with the Sandals Corporate University (SCU), he transitioned to the Cost Control unit in the Accounting Department as the cost control clerk.
Wal pointed out that his ability to grow within the company was largely due to his commitment to excellence. The SCU courses that were offered gave him the added training needed to build on what he was able to learn on the job and from his mentors.
“At BTC, training is very important to each employee. There are many opportunities for professional development and with the guidance from the Learning and Development team, and the leaders within the company, team members can truly grow,” Registre added.
One of Wal’s colleagues, Janet King, noted, “Wal’s commitment serves as an example to every team member here. His ability to grow from an entry level position to where he is now shows that everyone can succeed once they put their minds to it.”
While expressing his commitment to his profession, Wal’s dedication and discipline are traits that he values and chooses to pass on to those he leads. In sharing his advice to younger professionals seeking to enter the industry, he noted, “this organisation believes in quality work life balance that will allow each team member valuable time with family. This period helps me to maintain a bond with my family and explore the world. Training within this company is available for everyone and the ability to grow professionally is dependent on each person having the right attitude to grow.”
Header:Wal Registre, Payroll Administrator at Beaches Turks and Caicos makes final checks as he goes through documents at his desk at the resort
Insert: Anna Francis, Accountant in the Finance department at Beaches Turks and Caicos and Wal Registre, Payroll Administrator at the resort pause from discussing work related items to smile for the camera
Special Needs Unit Students at Thelma Lightbourne Primary School recognised by BTC
PROVIDENCIALES, Turks & Caicos Islands – Parents and students from the Special Education Unit at the Thelma Lightbourne Primary School were recently recognized by the Beaches Turks and Caicos team during a special session at the institution as part of autism awareness activities.
Children’s Activities Manager Fedeline Julien shared, “educating students, parents, teachers and other adults about the best practices of dealing with children with autism is needed especially in our homes and schools. Children who are autistic do things differently and should be treated with patience and care.”
Robin Cox Foster, principal of the school said, “the partnership between Beaches Turks and Caicos and our school is always welcome. As the only resort on island that is an autism certified centre, they were readily available to share with our students and their parents. The involvement of the Sesame Street character, the presentations from the Kids Camp team to the parents allowed those present to appreciate their roles in being change agents for autism.”
Caring for a child with special needs was highlighted as an opportunity to create a closer bond between child and parent/caregivers.
Walter Moore, who has a son on the spectrum shared, “being able to deal with the many challenges of a special needs child will assist parents in being more patient and creative in how they care for a child. My son and I are best friends. He is comfortable talking with me about anything and I have to learn how to respect his likes and dislikes and create an environment that makes him happy.”
Beaches Turks and Caicos’ Kids Camp is an Advanced Certified Autism Centre which ensures that team members have the required knowledge, skills, temperament, and expertise to cater to all children. The resort offers age-specific programmes for infants, toddlers, pre-teens and teens.
Header: Tanya Swann (left), Director of Sales, Groups and Conventions at Beaches Turks and Caicos introduces the team of volunteers who were present while Robin Cox-Foster, school principal looks on
1st Insert: Walter Moore (left) Beaches Turks and Caicos team member shares a moment with his son (right) and Sesame Street character Sesame Street
2nd Insert: Some members of the Beaches Turks and Caicos Sandals Foundation team share a moment at the Thelma Lightbourne Primary School during a presentation to the institution
PUBLIC STATEMENT – ROAD CLOSURES ON GRAND TURK
#TurksandCaicos, June 2, 2023 – The Ministry of Physical Planning and Infrastructure Development in collaboration with the Water Undertaking, Ministry of Home Affairs would like to advise the Public of the closure on the intersection of Airport Road and Osbourne Road area as part of the on-going Pipe Laying project on Grand Turk. The works are expected to last not exceeding 24 hours. The road will be closed for traffic during the period of June 03, 2023 from 7:00 Am to 7:00 PM.
- Vehicles heading North bound, turn right to Osbourne and turn Left to Barrack Hill Road.
- Vehicles heading South bound, turn right to Ponce de Leon Street and turn left to Palm Grove Drive
TRAFFIC CONTROL PLAN
҉NOTICE OF ROAD CLOSURE TO FACILITATE INFRASTRUCTURE WORKS ON SATURDAY 3RD OF JUNE 2023 FROM 7AM TO 7PM PROJECT: UPGRADING OF WATER DISTIBUTION FACILITIES IN GRAND TURK TR 21/55 C
FROM THE MINISTRY OF PHYSICAL PLANNING
AND INFRASTRUCTURE DEVELOPMENT
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