BEC EYES 'EXTRA TARIFF'OVER 5M IRENE COSTS

Wed, Jan 25th 2012, 09:00 AM

By NEIL HARTNELL

Tribune Business Editor

THE BAHAMAS Electricity Corporation (BEC) has made "a preliminary approach" to the Government for permission to levy a temporary extra tariff that would recover its $5 million-plus expenditure on Hurricane Irene repairs, as it projects a $9-$10 million net profit for its 2012 financial year.

Michael Moss, BEC's chairman, yesterday said the Ingraham administration had requested more information from the monopoly electricity supplier on its proposal to levy a "time contingent, specific tariff" that would recover the cost of September 2011's hurricane repairs.

Indicating that Irene restoration efforts were likely to have propelled BEC ...

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