Overview Key strengths Key risks Vertically integrated monopolistic regulated utility operation. Rising physical risks. Timely recovery of full commodity costs from ratepayers. Limited regulatory and geographic diversity and exposure to weather, economic, and monetary risks. We expect parent Fortis Inc. will provide extraordinary support for the company under some foreseeable circumstances. Regulatory structure less robust than that of peers. FTCI is a small integrated electric utility that operates four vertically integrated plants that serve about 98% of the Turks and Caicos Islands with no geographic diversity and faces elevated exposure to higher physical risks, including storms and hurricanes. Our stand-alone credit profile assessment reflects our expectation for a gradual increase in the company?s business risk due to the escalating pace
