Minister for Grand Bahama on GBPA Statement on Grand Bahama Power Company Rate Case Application 2022-2024

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Freeport, Grand Bahama Island: The Government is aware of approval granted by The Grand Bahama Port Authority (GBPA) to the Grand Bahama Power Company (GBPC) Rate Case Application 2022-2024.

A Cabinet Committee was formed shortly after the filing of the rate adjustment in September 2021, comprised of Ministers Obediah Wilchcombe, Alfred Sears, Michael Darville, Ryan Pinder, and Ginger Moxey. The Committee engaged with both the regulator, GBPA and the utility company, the GBPC, with a view to advocate for the residents and businesses of Grand Bahama at a time when the impact of Hurricane Dorian and COVID-19 is still evident. From the outset, the Committee issued a strong response to the initial filing of the application and clearly stated that the Davis Administration does not support any rate increase on any portion of the customer base
on Grand Bahama Island.

Since this time, the Committee met with both GBPA and GBPC and emphatically reiterated the government’s position that this is not the time for an increase in power rate, especially in light that residents and businesses are still trying to rebuild. The Committee was successful in persuading the GBPC to revise their proposal which resulted in a decrease from 6.3% to 3.3%, by almost 50%. The Committee reiterates its position that any increase is difficult for the many residents and businesses still struggling to survive.

The Government continues to call for compassionate leadership, during a time when social consciousness should be an integral part of the restoration of the Grand Bahama community and economy. We remain resolute in our commitment to the growth and development of Grand Bahama Island, and the people of Grand Bahama.

Source: Ministry for Grand Bahama