JPS says OUR yet to communicate rate review recommendation
Jovan Johnson, Gleaner Writer
Jamaica Public Service Company, JPS, president and chief executive officer, CEO, Kelly Tomblin says it’s inappropriate that the public has learnt of the reported outcome of a rate review request before the company.
The Gleaner/Power 106 News understands that the Office of Utilities Regulation (OUR) has rejected a request for a 21 per cent tariff increase.
According to a government source, the OUR is instead proposing a rate cut of up to four per cent.
Tomblin told The Gleaner/Power 106 News Centre this morning that her company is yet to hear from the OUR.
The request was submitted in April and she says it is unusual for the OUR to be taking so long to respond.
The OUR has declined to comment on the issue, only saying that the JPS tariff review application was still in progress.
But it’s understood that the OUR’s decision to recommend a rate cut was made last week and conveyed to the JPS.
Once the JPS is in receipt of the official determination, which several sources say will happen by the weekend, the power company will have a week to respond before the regulator publishes its decision.
However, sources say whether OUR’s rate cut decision makes it into the final determination is dependent on the feverish discussions taking place as the weekend looms.
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