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‘We didn’t have $40m for fuel hedge trades’

The Government and Bahamas Power & Light (BPL) last year lacked the $40m in free cash needed to finance cut-price oil purchases that would have saved electricity consumers millions, it was argued yesterday.

BPL’s solar drive targets $30m consumer savings

Bahamas Power & Light’s (BPL) chief executive yesterday said the utility could create $30m per year in savings when its proposed 60 Mega Watt (MW) solar project for New Providence becomes operational.

Golden win for Dorian Williams in Britain

A FORMER student of the Beacon School in Grand Bahama competed in the first British Down Syndrome swimming championships recently, taking the gold and silver medals in two events.

No change in electric disconnections yet after bills increase

THE recent hike in electricity bills has not affected the rate of electricity disconnections, according to Bahamas Power and Light CEO Shevonn Cambridge who revealed yesterday that monthly disconnections continue to hover around 1,400.

‘More than 1,000 potholes patched’

THE Ministry of Works and Utilities has patched up more than 1,000 potholes in New Providence over the last five months as a part of its efforts to improve roads in the capital amid continued complaints over the issue.

Sears admits misleading House on BPL fuel hedge

A Cabinet minister yesterday admitted misleading Parliament by initially denying he was briefed on the Bahamas Power & Light (BPL) fuel hedging controversy that will allegedly cost households and businesses over $100m.

Implications of Warnock’s Georgia win

The much anticipated run-off in the Georgia Senate race has been completed, and the Democratic Party incumbent Raphael Warnock has won, giving his party a 51-vote majority in the Senate.

‘Residents can still apply’ despite SERZ order end

DESPITE the end of the Special Economic Recovery Zone provisions, government MPs reiterated yesterday that residents in Grand Bahama and Abaco still needing post-Dorian assistance can apply to the relevant agencies to get the help they need.

Carnival is back - and this time it’s ‘fully sanctioned’

OPERATORS of this year’s “fully sanctioned” Christmas Carnival anticipate large crowds as the prices of tickets have not risen, and there are three new attractions and new safety measures available for the holiday event.

Debt consolidation ‘uptick’ as credit reports double

Fidelity Bank (Bahamas) doubled the number of debt consolidation-linked credit reports it requested for November, its top executive revealed yesterday, as it targets a “flat” loan book outcome for the fourth quarter.

Marinas suffer 40% or more business plunge

Bahamian marinas were yesterday said to have suffered up to a 40 percent or more decline in business that is being blamed on VAT’s imposition on yacht charter fees.

FNM chairman queries FTX chief’s local status

The Government should begin examining “in a very deliberate fashion” the immigration status held by embattled FTX chief, Sam Bankman-Fried, and his close associates, the FNM chairman said yesterday.

Judge rejects ex-minister’s ‘boutique resort’ evidence

A Supreme Court judge has rejected evidence from a former Cabinet minister alleging that a Staniel Cay homeowner “circumvented” environmental requirements in constructing a property “typical of of a boutique hotel”.

Sears: We have a plan for roads

WORKS and Utilities Minister Alfred Sears assured the public yesterday that his ministry has a comprehensive plan to improve roads throughout New Providence and has already deployed contractors out on the streets to carry out much-needed repairs.

Eleuthera anger at water problem

AFTER nearly a week without running water, residents of Central Eleuthera are disgruntled with the continued disruption of water supply on the island.

Disaster bill ‘a significant step’

MYLES Laroda, State Minister for Disaster Preparedness, led debate in the House of Assembly yesterday on the Disaster Risk Management Bill 2022, saying the proposed legislation, once enacted, will mark a “significant step” in the country’s development.

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