By NEIL HARTNELL

Tribune Business Editor

THE Bahamas Electricity Corporation (BEC) is expecting to slash its per annum loss from $30 million in 2009 to between $5-$10 million for the recently completed financial year to end-September 2010, its chairman has told Tribune Business, before returning to profitability in 2011.

Michael Moss told this newspaper that while the 100 per cent state-owned Corporation was "not out of the woods yet", it was expected to turn a small profit in its 2011 financial year, aided by the $24 million revenue increase generated by a combination of the tariff rate rise and the Government paying for street lighting.

The third key component of BEC's turnar ...

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