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The Fair Trading Commission (FTC) hearing to review its February 15 electricity rate decision has been adjourned pending a ruling on the matter. FTC deputy chairman Dr Donley Carrington, who is chairing the five-member panel adjudicating the Barbados Light & Power Company Limited (BL&P) application, said they would issue a decision “at some time in the future”. “We . . . have sought some areas of clarification and we will …
Intervenor Tricia Watson has failed in an effort to have a NATION newspaper article accepted as evidence in the Fair Trading Commission (FTC) electricity rate hearing. On day 11 of the proceedings of the Accra Beach Hotel on Wednesday, the attorney sought to question a Barbados Light & Power Company Limited (BL&P) asset management witness panel on an October 2013 article. In the story, Sarah MacDonald, the then head of …
The commission hearing a request for a basic electricity rate on Wednesday issued a final warning to intervenors and attorneys for the applicant regarding their behaviour, and promised to evict anyone who continues to “disrespect” the tribunal.It was the second time that the Fair Trading Commission (FTC) panel has cautioned parties on both sides about their conduct during the proceedings which are considering the request from the Barbados Light and Power Company (BLPC) for an 11.9 per cent hike in rates to customers. Today, however, was the first time the commissioners told parties they would be removed from the hearing.The panel’s stern warning stated: “If the behaviour continues, the person or persons will be removed from the hearing either physically or virtually. Please be guided accordingly,” the commission ruled.The ruling followed a shouting match between intervenor and attorney-at-law Tricia Watson and lead counsel for the BLPC, Ramon Alleyne whose voices almost drown
Professional fees paid by the Barbados Light and Power Company (BLPC) skyrocketed from less than $50 000 in 2015 to almost $500 000 last year.The revelation came from BLPC Managing Director Roger Blackman as he was cross-examined on Wednesday by intervenor Ricky Went when the utility company’s rate increase hearing before the Fair Trading Commission (FTC) entered day six.However, when asked to explain the massive increase, Blackman told the Commission the company’s Director of Finance Ricaido Jennings would be better placed to provide that answer.Went had been seeking to reconcile the performance of the company’s investment income against the payout of professional fees.“Why was that investment fund all along $2.3 million in 2015 and jumped to $8 million?“What I am seeing is we are paying more for the professional fees but we are getting less value on the investment income,” he suggested to Blackman.The witness responded by pointing out that professional fees were not only