Implementation of GBPC’s Storm Recovery and Stabilization charge postponed indefinitely

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Following consultation with our regulator, the Grand Bahama Port Authority, Limited (GBPA), Grand Bahama Power Company (GBPC) is temporarily suspending implementation of the Storm Recovery and Stabilization (SRS) charge currently set to become effective April 1, 2020.

In February 2020, GBPC received approval from the GBPA to recoup $15.6 million in Hurricane Dorian restoration costs starting in April and extending over a five-year period.

“Delaying the implementation of the SRS charge is a measure we can take to support our customers during this challenging and quickly evolving time,” said Dave McGregor, President and Chief Operating Officer. “Given the fluidity of the current situation surrounding COVID-19, we can’t say at this time when the SRS charge will become effective.

“As we shared in February, we still have work ahead of us to complete restoration Island-wide,” continued McGregor. “We remain committed to East Grand Bahama and to the restoration of supply to the residents and businesses of those communities.”