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The Barbados Light and Power Company (BLPC) told the utility regulator hearing its request for a rate hike that it was prudent to pay some $100 million in dividends to the Canadian owner of the business seven years ago.That was the testimony of the sole witness of the BLPC, Managing Director Roger Blackman who gave evidence today before the Fair Trading Commission (FTC).Blackman said transferring the money from the company’s self-insurance fund – which had too much money – to new owner Emera Caribbean was to allow BLPC to better manage its capital structure.
The Barbados Light & Power Company (Light & Power) has delivered great news to its customers that August bills will indeed be lower for five reasons.
1. Energy Bridge online
First off, Managing Director Roger Blackman has said:
“Li
During November, as the world turned its focus to better access to diabetes care, The Barbados Light & Power Company used their online platforms to amplify the…