EDITOR, The Tribune.
I AM willing to take Michael Maura’s opinion on the BP&L announcement with Shell.
KW per unit price of 20-22 cents off a Shell produced cost of 10-cents or 100% mark-up but taking into account Shell’s investment costs, etc, BP&L costs to subsidies the islands we simply will not be being screwed as bad but we will be getting screwed.
BP&L has already foreshadowed the costs for the new financing repayment of Government wasn’t it $125m will be at our the customer’s cost.
I suspect the projected-pinioned unit price mentioned by Mike Maura could well be low - I am shooting that we will be paying 26-28 cents or a savings of eight cents plus VAT of course.
The correct people probably will sign this Heads of Agreement, but to only potentially save eight cents on every KW I use I am wondering is that really PM Minnis the best deal?
FP&L, Florida provide electricity at a max of eight-nine cents!
April 13, 2018.