Minister of Public Works Desmond Bannister yesterday refused to reveal what Bahamas Power and Light’s (BPL) base rate increase will be, noting he could not say much because the government is currently in “a quiet period”. During debate on the Electricity Rate Reduction Bond Bill, 2019, Progressive Liberal Party (PLP) Leader Philip Brave Davis noted that “the bond [is] being securitized by the bills paid by customers and it would require an increase in the base rate”. “I’m wondering how the party considered what proportion of a customer’s bill be dedicated for the purposes of the rate reduction bond,” said Davis. Bannister replied, “I want to be very careful. I want to be very careful and I think Cat Island is aware of that. We are in the quiet period. I want to be very careful with respect to that quiet period. “I want to be careful what I say and how I say it and that’s why I made a very general statement yesterday to seek to be helpful. And I’ve indicated as soon as that quiet period is over, I’m going to be happy to lay everything here that relates to policy and relates to what we’re going to do. Everything.”

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