The Grand Bahama Power Company (‘GBPC’) welcomed the results of an independent audit of the accuracy of its billings and fuel surcharge calculations as well as metering and billing processes. The results provide valuable feedback to aid the company in its ongoing improvement plans. Overall, the report confirmed the integrity of billing practices and validated the accuracy in the company’s fuel surcharge calculations.
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.
Marubeni TAQA Caribbean (MTC), owners of utility assets in four Caribbean nations, has pledged US$50,000 as well as technical support of recovery efforts in earthquake-ravaged Haiti.