Peter Huck News Today

Professional fees paid by the Barbados Light and Power Company (BLPC) skyrocketed from less than $50 000 in 2015 to almost $500 000 last year.The revelation came from BLPC Managing Director Roger Blackman as he was cross-examined on Wednesday by intervenor Ricky Went when the utility company’s rate increase hearing before the Fair Trading Commission (FTC) entered day six.However, when asked to explain the massive increase, Blackman told the Commission the company’s Director of Finance Ricaid...

The focus on the Barbados Light & Power Company Limited’s (BL&P) insurance of its assets continued to be under the microscope on day six of the electricity rate hearing at Accra Beach Hotel. This was followed by the start of discussion on matters related to depreciation (reduction in the value of an asset with the passage of time) during the proceedings at the Accra Beach Hotel. BL&P managing director Roger …