TCI News
Aisha Laporte Appointed New FortisTCI VP of Finance, Corporate Services and Chief Financial Officer (CFO)
Providenciales, Turks and Caicos Islands – October 5, 2020) – FortisTCI has announced the appointment of Aisha Laporte as Vice President of Finance, Corporate Services and CFO, a key addition to the executive team, effective October 1.
In her new role, Aisha will be responsible for the fiscal management of FortisTCI as a subsidiary of a publicly listed and traded company. She will also serve as the executive lead of the materials management, customer service and human resources functions.
Aisha has over 12 years of experience as a utility professional, managing finance, supply chain, revenue protection and customer services. She began her tenure at FortisTCI in 2008, and served as Supervisor of Financial Services before being promoted to Manager of Financial Services. During her time leading the finance team, she was responsible for managing the financial reporting activities, budgeting process, and maintenance and development of financial policies and procedures that improved the company’s fiduciary processes.
In 2012, Aisha was promoted to Director of Customer Services, and most recently served as Senior Director of Customer Services and Stakeholder Engagement, having assumed that role in 2017. At a corporate level, Aisha has led the automation of customer services, including consumption readings, account information, and payment options via the customer web portal ‘My Online Account.’ She has also played a critical role in establishing the company’s revenue protection services and meter auditing processes, and led supply chain management activities.
A Grand Turk native and HJ Robinson High School graduate, Aisha earned a Bachelor’s degree with distinction in Accounting from Nova Southeastern University in 2002 and passed the Certified Public Accountant (CPA) exam in 2004. Prior to joining the FortisTCI team, Aisha worked for three years as a principal auditor with the Turks and Caicos Islands Government and three years with the international firm KPMG.
FortisTCI President and CEO Ruth Forbes, speaking about the appointment said, “I am pleased to welcome Aisha to the executive team and to congratulate her on a well-deserved promotion as Vice President. Over the years, and in whatever role she has served, Aisha has delivered top-rated performances, always exemplifying a strong commitment to excellence, team building and to the values of FortisTCI. I look forward to her future accomplishments in this new role.”
Responding to her appointment, Aisha stated, “I am honored to join the executive team as Vice President, and humbled by the confidence that our President and CEO Ruth Forbes and the entire FortisTCI team have placed in me. I look forward to leading the financial affairs of the company and contributing to the continued transformation of FortisTCI by focusing on the growth and development of our employees, delivering innovative solutions to our stakeholders and excellent service to our customers.”
TCIG knew from April that fuel factor could surge almost 80%; Minister says $500 cost-of-living payment was part of Government’s response
PROVIDENCIALES — The Turks and Caicos Government knew months before July’s shocking electricity bills that consumers faced a potentially massive increase in the fuel factor.
Minister of Information Technology and Energy E. Jay Saunders revealed Friday that Pelican Energy warned his Ministry in April that generation fuel costs were projected to rise from $3.09 per gallon in May to $4.79 in June and July.
That translated into a projected fuel factor jump from about 17.5 cents to 31 cents per kilowatt-hour — an increase of almost 80%.
Saunders said he personally advised Cabinet of the projected increase and presented options for cushioning the impact.
He characterised Government’s $500 cost-of-living payment as its “initial response” to rising fuel costs, before a separate fuel-factor subsidy was approved.
Cabinet records show Government agreed on June 24 to provide funding to mitigate the fuel-factor impact, with the relief programme approved July 8.
Eligible residential customers — those averaging less than $1,500 monthly over the previous three bills — are capped at 22 cents per kWh from July through October.
Pelican confirmed Friday that Government’s contribution was already applied to July bills, meaning the bills now triggering widespread public outrage would have been even higher without the subsidy.
Saunders did not disclose the programme’s total cost.
His admission that Government knew since April, however, raises another question amid the backlash: why were consumers not directly warned by Government about the scale of the approaching increase?
PROVIDENCIALES — New commercial Crown Land applications are facing a six-month pause as the Turks and Caicos Islands Government takes inventory of its holdings.
During Cabinet meetings held July 15 and 16, an immediate six-month moratorium was approved on the acceptance, processing
and approval of new applications for commercial Crown Land grants, leases and allocations.
The pause will remain in place pending completion of the Crown Land Inventory Review. Cabinet’s summary did not state what prompted the review or indicate whether availability of commercial Crown Land is a concern.
The two-day meeting also advanced major consumer legislation. Cabinet approved the National Fair Competition Policy 2026 and drafting instructions for a Fair Competition Ordinance, moving TCI toward stronger consumer protection and fair competition rules.
In Grand Turk, Cabinet approved rezoning land in the North West Suburbs from low-density to medium-density residential use to facilitate a new apartment development.
Cabinet also advanced fisheries reforms, water legislation allowing private and public-private investment, minerals legislation and appointments across tourism, health and finance.
Progress toward establishing a TCI Credit Union was also noted.
PROVIDENCIALES — Major development projects outside Providenciales received Cabinet attention on July 8, with Government approving agreements connected to the redevelopment of Dellis Cay and a resort development in North Caicos.
Cabinet approved a Development Agreement between the Turks and Caicos Islands Government, Desarrollos Hotelco DC Ltd. and
Desarrollos Hotelco Astoria Ltd. for the redevelopment of Dellis Cay.
The long-discussed private island development sits between Providenciales and North Caicos and its return to Cabinet signals another step toward redevelopment.
Cabinet also approved amendments to an agreement involving SPR LND Ltd. (Royal Reef) and TCIG Development Agreement for a resort/hotel development in North Caicos.
Other decisions included approval of the First Supplementary Appropriation Bill 2026 for onward transmission and the appointment of Cindy Ewing as Chair of the Invest TCI Board, effective August 1 for three years.
Cabinet also noted consultation outcomes concerning changes to business licensing, approved professional membership expenses for qualifying Telecommunications Commission staff and approved advice relating to the Interim Clinical and Estates Services PPP.
The July 8 meeting was chaired by Acting Governor Anya Williams.
Photo Credit: Royal Reef (Keith)
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