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Fortis Inc., through a wholly owned subsidiary, acquired all of the
outstanding shares of P.P.C. Limited ("PPC") and Atlantic Equipment and Power
(Turks and Caicos) Limited ("Atlantic") on August 28, 2006.
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Together, PPC and Atlantic serve more than 8,700 customers, or
85 per cent of electricity customers on the Turks and Caicos Islands. PPC
is the sole provider of electricity in Providenciales, North Caicos and
Middle Caicos pursuant to an exclusive 50-year license that expires in
2037. Atlantic is the sole provider of electricity in South Caicos
pursuant to an exclusive 50-year license that expires in 2036. The
utilities have a combined diesel-fired generating capacity of 48 megawatts
(“MW”) and met a combined peak demand of 28 MW in 2007.
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Fortis Turks and Caicos may be reached at:
Fortis Turks and Caicos
c/o PPC Limited
P.O. Box 132
Providenciales
Turks and Caicos Islands
T: 649-946-4313
F: 649-946-4532
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