OUR dismisses claims that it fined JPS
The Office of Utilities Regulation (OUR) is dismissing claims that it had imposed a $30 million fine on the Jamaica Public Service Company (JPS).
JPS President and CEO Kelly Tomblin was reported as saying that the finances of the JPS suffered a serious blow when the OUR levied a multimillion-dollar fine on the company in 2012.
Tomblin told a press conference last week that the JPS is facing serious financial challenges which could cripple the company.
However in a statement today, the OUR said there is no truth to claim that it levied a fine against the JPS.
The regulatory body says it in fact has no such power.
The OUR explains that the OUR Act provides that licensees can be brought before the courts and if convicted can be made to pay a fine not exceeding $2 million.
The OUR says no such action has been brought by the Office against any utility company.
The regulator says it will continue to work with the JPS to assist it in reducing losses, while at the same time ensuring that customers’ interests are taken into account.
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