April 19, 2018
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Bahamas Power & Light's (BPL) chairman yesterday said it has extended fuel cost certainty for all consumers until end-2023 to help ease the extra charge that will be added to their bills in the New Year.
Bahamas Power & Light (BPL) is facing an increased financial burden after being made responsible for servicing a $246m loan that paid out government guaranteed debt.
Bahamas Power & Light (BPL) is "concerned" it will be forced to pay a high price to place its $535m bond issue due to the Government's recent borrowing, a Cabinet minister has revealed.
SINCE announcing it would resume customer disconnections back in July, Bahamas Power and Light has turned off 8,741 residential accounts in New Providence and the Family Islands.
BPL has modified its billing dates to allow customers to receive bills by the 20th of each month.
Some 90 percent of Bahamas Power & Light (BPL) customers facing disconnection last night remained in danger of having their electricity cut-off as the utility seeks to recover a $46m debt.
Less than 1 percent of the 16,000 Bahamas Power & Light (BPL) customers threatened with disconnection have yet to pay-off their arrears or agree a payment plan, it was revealed yesterday.
BAHAMAS POWER and Light executives said the two system disturbances that left customers throughout New Providence without power on Friday were not related to load shedding. On Friday, the company reported that a fault on the transmission network cau
Many parts of New Providence were affected by power outages on Friday after a fault resulted in the Big Pond Primary Substation and Blue Hills Power Station going offline.
Bahamas Power and Light has isolated the problem which caused the power outages currently affecting New Providence and restoration efforts are underway.
Bahamas Power & Light's (BPL) newly-executed fuel hedging strategy will save hard-pressed consumers and the wider economy some $150m over 18 months, senior officials disclosed yesterday.
The Government was forced to pump "millions" into Bahamas Power & Light (BPL) during COVID-19's peak due to customers' inability to pay, it was revealed yesterday.
Bahamas Power & Light’s (BPL) chairman yesterday disclosed that parts of its grid “are not working optimally” due to the utility’s delayed $535m bond refinancing.
BAHAMAS Power and Light announced yesterday that it will immediately resume disconnection of electricity services of residential customers who have $500 or more in arrears for more than 90 days as of April 1. “Any customers with a balance more than
Financial services providers have complained that Bahamas Power & Light’s (BPL) unreliability impacted staff productivity during the COVID-19 crisis.
Bahamas Power & Light’s (BPL) chairman last night said it has taken “the first step” to providing long-suffering consumers with “price stability and certainty” after the Government approved its fuel hedging strategy.
THE union representing Bahamas Power and Light workers said it has been assured there will be no layoffs at the power provider amid economic uncertainty due to the COVID-19 pandemic.
RESIDENTS throughout New Providence were left angry yesterday after an island-wide blackout. With many people working from home and students completing classes and exams online, the blackout left thousands of people frustrated.
A LIGHTNING storm forced Bahamas Power and Light to leave customers across New Providence without power for hours on Saturday.
Bahamas Power & Light (BPL) has been unable to exploit the all-time low in global oil prices, a Cabinet minister revealed yesterday, adding: “Its finances get more and more perilous every day.”
Bahamas Power and Light Company Ltd. (BPL) has created a COVID-19 Relief Programme for customers who are diagnosed with COVID-19, customers who are in COVID-19-related quarantine, and customers who have been laid off because of COVID-19.
Bahamas Power & Light (BPL) last night confirmed it will resume disconnecting delinquent consumers as of today following a week-long pause amid the COVID-19 pandemic.
Bahamas Power & Light (BPL) has suffered a "frightening" multi-million dollar March revenue drop that threatens the energy provider's very existence if it continues, a Cabinet minister has revealed.
BAHAMAS Power and Light (BPL) will immediately suspend disconnections until March 31.
Bahamas Power & Light’s (BPL) status as “a broke company” means it will be challenged to suspend customer disconnections when its board meets today to discuss the issue.
Bahamas Power & Light's (BPL) mammoth refinancing has been further delayed by the need to alter its enabling legislation to better protect investors, a Cabinet minister revealed yesterday.
BAHAMAS Power and Light’s March implementation for the National Utility Investment Bond fee is “subject to change”, according to the power provider’s head of communications Quincy Parker yesterday. BPL had planned to introduce the fee on customers’
Bahamas Power & Light is racing against time to have its new $95m electricity plant ready to meet peak summer demand after plans for its cooling system literally hit the rocks.
Bahamas Power & Light (BPL) last night confirmed it aims to end its reliance on rental generation by fall 2021 in a move that would save long-suffering consumers $2m-plus per month.
Bahamas Power & Light (BPL) is hoping to make the extra charge associated with its $650m refinancing “cost neutral” for consumers by August 2020, its chairman revealed yesterday.
FOUR months after Hurricane Dorian destroyed Abaco, Bahamas Power and Light said it has made major inroads in restoring electricity to the island.
BAHAMAS Power and Light has reminded customers about an upcoming change to bills in 2020, saying that in the midst of this the company is committed to correcting their many challenges.
A Chamber of Commerce director yesterday voiced optimism that regulators are poised to take “the first step” in ensuring Bahamas Power & Light (BPL) fulfills its obligations towards consumers.
RESIDENTS and tourists in Harbour Island over the Christmas break on Friday criticised Bahamas Power and Light for the lack of communication regarding the recent power outages they say have ruined their holiday.
HARBOUR Island residents suffered a power cut this week that lasted more than 48 hours, disrupting business and the Christmas celebrations of hundreds of locals and visitors.
Bahamas Power and Light (BPL) today reveals the “average” family will see a $27 per month increase in their bills from March 2020 onwards to help service its $650m debt refinancing.The utility, in an advertisement in today’s newspaper, says a “new l
TECHNICAL difficulties recently forced Bahamas Power and Light to leave customers in the western area of New Providence without power for hours.
BAHAMAS Power and Light’s $95m, 130 megawatt power plant has been brought online in time for its December 15 deadline, the company said yesterday.
TRANSMISSION network failure and related issues caused an island-wide power cut that plunged thousands of New Providence residents into darkness on Friday for hours. The power cut caused great embarrassment when it interrupted the final games of Bat
AT 8:35pm Friday night as Bahamas Power and Light technicians were about 70 percent along in the process of bringing the island back from an island-wide blackout, there was a major setback. The system encountered a secondary problem, which by 8:52 pm, had been isolated.
Bahamas Power and Light customers yesterday criticised the government’s decision to increase light bills through its rate reduction bond, which will allow for additional charges to be added to customer’s monthly bills starting 2020.
There has to be somebody else in the country pinching themselves to see if they’re living in the real world after BPL announced its plans to introduce a rate reduction bond and deemed the Bahamian people as its financiers.
Bahamas Power & Light (BPL) will invest $30m in rolling-out Advanced Metering Infrastructure (AMI) that it sees as critical to slashing delinquent private sector debts, its chairman revealed yesterday.
The $66m in delinquent debt owed to Bahamas Power & Light (BPL) by homeowners and businesses exposes the potential weakness in plans for the utility’s multi-million dollar refinancing.
The cost of Bahamas Power & Light’s (BPL) $650m refinancing “hinges” on the credit rating it is seeking from international agencies, Tribune Business was told yesterday.
A DAY after consumers criticised Bahamas Power and Light over its announcement of an additional charge to monthly bills, the power provider released an extensive load shedding schedule for dozens of homes and businesses in New Providence.
ELECTRICITY consumers criticised Bahamas Power & Light (BPL) after the company announced an additional charge will be added to their monthly bills.
Electricity consumers were yesterday told to brace for an "adjustment" to their bills via an extra charge as Bahamas Power & Light (BPL) confirmed plans for its mammoth $650m-plus refinancing.
BAHAMAS Power and Light expects an end “soon” to vexing load shedding that angered many over the weekend.
BAHAMAS Power & Light has encountered difficulties bringing its engines online and has been forced to reassess the time it will take to repair the units, the company said yesterday.
NEW Providence residents and businesses got a temporary reprieve from power woes Tuesday as Bahamas Power & Light avoided load shedding throughout the day.
Load shedding from Bahamas Power and Light continues to cause misery.
THE frequent power cuts carried out by Bahamas Power and Light have negatively impacted the home rental business, according to Tourism and Aviation Minister Dionisio D’Aguilar. Speaking to reporters outside of Cabinet yesterday, Mr D’Aguilar said lo
THREE Bahamas Power and Light generators providing nearly 70 megawatts of power to thousands of households in New Providence are offline, with one asset needing at least a month for repairs, The Tribune understands.
BAHAMAS Power and Light’s load shedding exercises continued throughout New Providence over the holiday weekend, with residents in various communities suffering three to five hour-long power cuts.
GENERATION shortfalls continue at Bahamas Power and Light Company as the electricity provider eyes a “before Christmas” deadline for the commissioning of its new plant. Load shedding was initiated Friday and persisted over the weekend because of a h
Load shedding is expected to continue in parts of New Providence this week as demand for electricity peaks, a Bahamas Power and Light spokesperson confirmed yesterday.
AS load shedding continues in New Providence, Bahamas Power & Light released a schedule of anticipated power cuts for Monday evening.
LOAD SHEDDING will continue this week in New Providence as beleaguered Bahamas Power and Light attempts to get more assets online, according to Executive Director Patrick Rollins. Still, Mr Rollins maintained the company’s position that the country
ILLEGAL dumping within close proximity to a Bahamas Power and Light transmission pole was yesterday blamed for an island-wide blackout, which impacted New Providence on Tuesday.
BAHAMAS Power and Light’s generation challenges are continuing and have been exacerbated by the delay of some rental generators. Load shedding was continued in portions of eastern New Providence yesterday, with many residents lashing out on the powe
AS many New Providence residents criticised Bahamas Power and Light for load shedding, one man claimed power failures left him without electricity for more than eight hours on Tuesday.
“Final discussions” are being held to select the advisers for Bahamas Power & Light’s (BPL) mega refinancing that will place the crisis-stricken utility on a “much more stable” footing.
A Chamber of Commerce executive yesterday slammed the power outages affecting New Providence as “totally unacceptable”, blaming them on “bad planning” by Bahamas Power & Light (BPL).
BAHAMAS Power and Light expects New Providence load shedding to continue until rental generators are installed at its Blue Hills Station and offline equipment is brought back on stream.
BAHAMAS Power & Light has announced the installation of several additional rental generators at its Blue Hill power station, amidst rolling outages associated with load shedding.
MANY customers turned to Facebook to criticise the Bahamas Power and Light company on Friday for the power failure that left the western area of New Providence in darkness for more than ten hours Thursday night.
LOAD shedding struck several parts of New Providence on Friday morning, drawing the anger of many consumers.
Bahamas Power & Light’s (BPL) nine-figure refinance is eyeing an end-November 2019 closing, Tribune Business can reveal, with the targeted sum “likely” to be less than the original $650m.
BAHAMAS Power and Light (BPL) carried out another load shedding exercise on Friday that left customers in the eastern area of New Providence without power for almost two hours.
CUSTOMERS in New Providence can expect load shedding to continue through next week, Bahamas Power and Light announced yesterday.
BAHAMAS Power and Light Company has warned that traffic delays are expected when it starts its tree trimming exercise Tuesday to prepare the route teams will take to transport engines for its new $95m power plant at Clifton Pier.
IN the wake of residents and businesses across New Providence suffering through disruptions in power supply this week, Bahamas Power and Light (BPL) executive Patrick Rollins said yesterday this summer will be the last for load shedding.
LOAD shedding yesterday in New Providence sparked worry among business owners regarding Bahamas Power and Light’s ability to keep the electricity on without interruption as the hot summer months approach.
Bahamas Power & Light (BPL) yesterday revealed it is investigating whether itself and its customers have fallen victim to the same "fake" energy-saving devices impacting Grand Bahama.
HUNDREDS of Bahamas Power and Light customers in the Family Islands could be left in darkness for failure to adequately pay their bills, beginning on March 15.
TOTAL remediation of legacy oil spills at the Clifton Pier Power Plant site could cost Bahamas Power and Light up to $6m.
The Bahamas will suffer “immense problems” if Bahamas Power & Light (BPL) closes 2019 in the same condition it is now, a prominent businessman has warned.
IF you’ve noticed a reduction on your Bahamas Power and Light billing, it’s probably because you used less electricity, BPL Chairman Donovan Moxey told The Tribune Monday, not because the electricity provider did anything differently.
BAHAMAS Power and Light’s chairman Donovan Moxey yesterday revealed the corporation was considering a review of BPL’s disconnection policy in view of the temporary hike in electricity costs.
DESPITE announcing nearly three months ago that he ordered a probe into matters of concern at Bahamas Power and Light, Prime Minister Dr Hubert Minnis confirmed yesterday no investigation has begun, but insisted he told the truth in pledging issues a
AMID what has been deemed an energy crisis by some, public outcry over the increasing electricity costs has become commonplace in our society. Similarly, the lackadaisical response from our elected leaders has been disheartening. Indubitably, Bahamas Power and Light has become our nation’s greatest failure.
THE increased value added tax exemption ceiling on power bills will have “limited” impact on consumer expenses, Bahamas Institute of Chartered Accountants President Gowon Bowe has insisted, while likening spiked electricity costs to having a second mortgage.
BAHAMAS Power and Light (BPL) and its chairman yesterday slammed claims that electricity rates will increase by 70 per cent as “irresponsible” and “false ramblings”.Dr Donavon Moxey, pictured, slammed such suggestions as “actually false”, and added:
THE country was said to be one step closer to lower energy bills and more stable electricity generation with the signing of a memorandum of understanding between Bahamas Power and Light and Shell North America for an integrated LNG gas-to-power project.
The poorest 40 percent of Bahamian society are among the hardest hit in the Latin American and Caribbean region by any increase in fuel prices, an IDB study has found.The newly-released Inter-American Development Bank (IDB) report, which analyses the
BAHAMAS Power and Light CEO Whitney Heastie last night dismissed claims recent fires at the company’s Clifton Pier Plant could cost the energy provider as much as $150m.
MORE than two weeks after the former board of Bahamas Power and Light disintegrated, details remain scarce about the investigation Prime Minister Dr Hubert Minnis pledged to launch into the board’s meltdown.“He hasn’t appointed a team,” press secreta
BAHAMAS Electrical Workers Union President Paul Maynard claimed yesterday that around 50 non-Bahamians were set to be brought on at Bahamas Power and Light in the aftermath of 314 workers receiving voluntary separation packages.Expressing his anger a
BAHAMAS Power and Light Chairman Donovan Moxey yesterday said the newly appointed board’s biggest challenge was working to instill public confidence in the company and stabilise operations.Mr Moxey also tackled controversy surrounding published revel
BAHAMAS Electrical Workers Union president Paul Maynard said yesterday while he never intended for a letter he wrote to Bahamas Power & Light’s CEO Whitney Heastie to become public, he stands by “every word” written.
DARRON Cash, former chairman of the Free National Movement, said Prime Minister Dr Hubert Minnis should solicit recommendations from Official Opposition Leader Philip “Brave” Davis concerning who should investigate the disintegration of Bahamas Power & Light’s board last week.
THE government will launch a formal investigation into the saga at Bahamas Power and Light and the circumstances that led to the shock dissolution of its board of directors and a bitter war of words with top officials.
Bahamas Power & Light’s (BPL) Board split was sparked by disputes over generation technology for the new, low-cost power plant and executive appointments, Tribune Business can reveal.
A REVIEW of the tender process for Bahamas Power and Light’s generation supply contract is high on the agenda for its new board, according to incoming Chairman Donovan Moxey.Mr Moxey told The Tribune board members will work to establish a baseline at
A NEW board of directors has been appointed at Bahamas Power and Light following its shock dissolution earlier this week.
BAHAMAS Power and Light plummeted to a state of uncertainty and chaos yesterday after the entire board of directors resigned following several months of “dysfunction” and purported infighting, stagnating the action needed to turn things around for the electricity provider.
WITH 314 Bahamas Power and Light employees opting to receive voluntary separation packages which will result in more than $70m paid out over a period of time, Works Minister Desmond Bannister said employee departures have been staggered to ensure that the efficiency of Bahamas Power and Light is not negatively affected.
WORKS Minister Desmond Bannister yesterday announced a $1.2m allocation for infrastructural upgrades at Bahamas Power and Light’s Clifton Pier substation.Addressing the June 25 island-wide outage, where a lightning strike disabled the station’s entir
BAHAMAS Power & Light has more than enough generation capacity to ensure Bahamians have a summer free of load shedding, but officials cannot guarantee the utility provider’s aging equipment will hold up all the way through the demanding season.
THE design of a protection system needs to be foremost in any plans being pursued by Bahamas Power & Light executives, according to Bahamas Electrical Workers Union President Paul Maynard.
A LIGHTNING strike caused an island-wide power outage yesterday evening, Bahamas Power & Light Chairwoman Darnell Osbourne said.
FINANCIAL crisis was cited as the reason government yesterday passed a resolution to borrow $211m to aid the Bahamas Electricity Corporation.This undesirable situation, the resolution said, was caused by the high cost of fuel in 2018, funding of capi
Bahamians must brace for “a very expensive summer”, the Chamber of Commerce’s chief executive warned yesterday, as global oil prices surged to $80 per barrel.
THE Electricity Amendment Bill 2018 was passed yesterday in the House of Assembly through which Bahamas Power and Light (BPL) will be better able to secure vital funding.In addressing the new bill Works Minister Desmond Bannister told MPs: “In order
A foreign expert who will be contracted by Bahamas Power and Light to gauge its electrical service system for potential instabilities will arrive in the country next month, according to BPL chairwoman Darnell Osborne.
AREAS of New Providence were hit by power outages last night - with Bahamas Power and Light blaming “inclement weather”.
BAHAMAS Electrical Utility Managerial Union (BEUMU) president Paul Maynard unleashed a fiery rebuke of the Bahamas Power and Light (BPL) management last week when execs at the utility company said they would be downsizing, effectively making 233 people redundant over an 18-month period.
MINUTES after Bahamas Power and Light’s CEO Whitney Heastie outlined steps BPL plans to scale down service disruptions in anticipation of the hot summer, New Providence was struck by an island wide power outage.