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The Fair Trading Commission (FTC) is wrong on multiple aspects of its decision on the Barbados Light & Power Company Limited’s (BL&P) application for a rate increase. That is what BL&P’s attorney, Ramon Alleyne KC, submitted this morning at the Lloyd Erskine Sandiford Centre as the company argued its case for the FTC to review and vary its February 15 decision on the matter. Among the areas Alleyne argued that …
INTERVENOR SIDES WITH BLPC, SUPPORTS STAY By Emmanuel Joseph Another intervenor is supporting a request by the Barbados Light and Power Company (BLPC) for a stay of the Fair Trading Commission’s (FTC) order to have it re-adjust the proposals it submitted for an increase in its basic rate. The latest backing for the suspension of the FTC’s February 15, 2023 order came on
Hearing in the class-action lawsuit brought by more than 300 former minority shareholders of Cable & Wireless (Barbados) Limited got underway in the High Court on Monday. While the parties are not allowed to comment on the proceedings, Barbados TODAY has been reliably informed that Ricky Went, one of the ex-minority shareholders at the forefront of the suit that was filed
As the Fair Trading Commission (FTC) deliberates over the Barbados Light & Power Company’s (BLPC) request for a hike in electricity rates, one of the intervenors has served notice that he will take the fight as far as the Caribbean Court of Justice (CCJ) to protect the interests of consumers.Chairman of the Coalition of Concerned Cooperatives and president of the Barbados Sustainable Energy Cooperative Society Limited, Retired Lieutenant Colonel Trevor Browne said on Friday that his fight for a satisfactory outcome relates to two new motions he filed with the FTC after the conclusion of ...
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 Ricaido Jennings would be better placed to provide that answer.Went had been seeking to reconcile the perf...