JPS yet to make decision about rate appeal
The Jamaica Public Service Company (JPS) is yet to make a decision on whether it will appeal a recent rate determination by the Office of Utilities Regulation (OUR).
In its determination, the OUR ordered the JPS to nominally cut its non-fuel rate and denied several proposals made by the company.
The JPS has said the OUR’s decision not to grant the 21 per cent rate increase it was seeking means that it will not have enough money to carry out projects aimed at modernising its plants and saving energy.
Its president and Chief Executive Officer Kelly Tomblin has said the OUR appears to be forcing it to disconnect hospitals and streetlights in denying its request to charge interest or a recovery fee on outstanding bills.
Last week, the company’s team carried out an analysis based on the OUR’s rate determination and yesterday executives at the light and power company and its lawyers met to review the report.
Tomblin says already there are some serious areas of concern, especially since the terms are to be in place for the next five years.
Tomblin says she expects a decision will be made by Friday about whether to appeal.
The JPS has 30 days within which to file an appeal.
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