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Feb 20, 2014

BWS objects to PUC’s decision on water rates

The Belize Water Services Ltd., following a request to the Public Utilities Commission to increase water rates by sixteen and a quarter percent, objects to the PUC’s initial decision which was made on January thirtieth.  The utility company made the request on the basis of ensuring its viability; however, the decision of the commission has been rejected on the grounds that, quote, its review of the initial decision indicates that the regulated asset values are incorrectly calculated due to a misunderstanding of the accounting treatment of developers’ contributions and equity contributions.  The PUC is now tasked with appointing an independent expert by March fifth.

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