Grand Bahama Power Company files submission with its Regulator, Grand Bahama Port Authority, pursuant to Regulatory Framework.
The Grand Bahama Power Company (GBPC), in consultation with their regulators, the Grand Bahama Port Authority (GBPA) has announced the development of an Economic Development Rate (EDR). The goals of the EDR are to attract new investment and encourage expansion of existing industrial and commercial business in Grand Bahama.
Grand Bahama Power Company (GBPC) parent Emera Inc. of Halifax, Canada announced three changes in executive leadership this morning, including a change in title and scope of responsibility for GBPC’s President and Chief Executive Officer Sarah MacDonald.
Chris Huskilson, President and CEO, Emera Inc. announced today that Sarah MacDonald has been appointed President and CEO of the Grand Bahama Power Company. In her current role as Executive Vice President of Human Resources at Emera and CEO of Emera Utility Services, Sarah has been working with the Emera Caribbean companies as they become part of the Emera family. This new role will allow Ms. MacDonald to focus on stabilizing and strengthening operations at GBPC.
The Grand Bahama Power Company is pleased to announce the appointment of Learline Burrows as Assistant Financial Controller. Ms. Burrows comes to us from Sky Bahamas where she served as Finance Director for one year. Prior to that she was engaged at PricewaterhouseCoopers where she had risen to the post of Senior Associate.
Emera Inc. executive Ray Robinson, will now become Executive Chairman of the Grand Bahama Power Company effective immediately. Ray will work closely with GBPC President, Alan Kelley to revitalize the utility.
Robinson, an engineer, has been working on Emera’s Caribbean business for some time and will now turn his focus to Grand Bahama. During his tenure with the Emera he spent three years as the President and Chief Operating Officer of Bangor Hydro Electric Company, in Maine, USA, serving over 117,000 customers improving reliability, stakeholder relations and customer service, while lowering electrical costs to customers over that period.
Emera Inc. announced today that it has purchased an additional 55.4 percent of direct and indirect interest in Grand Bahama Power Company Limited (GBPC) from MaruEnergy Grand Bahama Limited, an indirect subsidiary of Marubeni TAQA Caribbean Ltd., for US $82 million. The acquisition brings Emera’s direct and indirect interest in GBPC to 80.4 percent.
In December 2009 the Grand Bahama Power Company will see the retirement of Excell O. Ferrell III and the arrival of R. Alan Kelley as the new President and CEO of the Power Company.
The Grand Bahama Power Company is very pleased about the announcement that Abu Dhabi National Energy Company (“TAQA”) has entered into a partnership with Marubeni.