Sub-Deck:

* Grand Bahama Power Company chief says generation upgrade plans hampered by lack of 'tie-in' between revenues and investment

* Says : 'I'm not incentivised to do the right thing'

* Hiring of generational rental units a wealth transfer from investors to customers, with $1.5m cost exceeded by more than $1.5m in fuel savings

* Major investor exits 27.7% stake in company, placing majority control back with Japanese, who are now looking for new Caribbean partner

By NEIL HARTNELL

Tribune Business Editor

Grand Bahama's archaic electricity regulatory structure acts as a disincentive for the island's power company to make $30-$40 million in critica ...

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