P.U.C. makes initial decision for B.E.L. annual review

The Public Utilities Commission (P.U.C.) issued a press release earlier today stating that an initial decision regarding the 2012 Annual Review Proceeding for Belize Electricity Limited (B.E.L.) was taken on Wednesday.  In mid-January a proposal to lower electricity rates by six point one percent was tabled in the House of Representatives following a decision by the P.U.C. to amend an initial request to reduce prices by three point four percent.  By early April the government-owned utility company made a submission for an ARP in order to adjust rates, including various fees, charges and deposits for commercial customers.  Licensees and interested parties have until May fourteenth to submit written comments on the P.U.C.’s initial decision.