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GB Power bond 'backstopped' by $60m guarantee

Grand Bahama Power Company’s Canadian parent is providing an “up to $60m guarantee” to give investors extra comfort the utility will repay $25m worth of bonds when they mature next Friday.Dave McGregor, GB Power’s chief executive, explained to Tribun

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Activists blast GB Power's storm levy 'total disregard'

Activists yesterday blasted the addition of a Dorian restoration charge to all Grand Bahama residents’ electricity bills as showing “complete disregard and great insensitivity” for the island’s plight.Pastor Eddie Victor, president of the Coalition o

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GB Power: New customer charge 'not an easy sell'

Grand Bahama Power Company’s top executive yesterday admitted it is “not an easy sell” to add an extra charge to all customer bills to pay for $15m in Hurricane Dorian restoration costs.Dave McGregor, the utility’s chief executive, defended the Storm

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GB electricity demand drops 13% post-Dorian

GRAND Bahama’s electricity demand has declined by 13 percent post-Dorian, it was revealed yesterday, with the island’s sole utility provider suffering a $13m Canadian dollar earnings hit. Emera, the Canadian utility giant that owns 100 percent of Gr

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PM urged: Reduce the burden for GB

A leading Grand Bahama business executive has urged the Prime Minister to ensure “the burden on our businesses is reduced as we rebuild for the umpteenth time”.

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GB Power: Extra $6m-$10m 'pays off'

Grand Bahama Power Company yesterday said the extra $6m-$10m it invested in strengthening its network over the past two years “really paid off” during Hurricane Dorian.Dave McGregor, the utility’s chief executive, told Tribune Business that damage to

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Grand Bahama Power Company reconnects 9,000 accounts

OF its 19,000 customers, Grand Bahama Power Company has reconnected some 9,000 accounts, representing 47 percent of its customer base, since Hurricane Dorian pummeled the island. Dave McGregor, CEO, said the company is making progress in getting pow

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GB Power: 80% of Freeport grid survives Dorian

Grand Bahama Power Company’s (GBPC) chief executive said the restoration of customer supply would begin yesterday evening after 80 percent of its Freeport grid infrastructure survived Hurricane Dorian. Dave McGregor, the utility’s chief executive, c

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URCA reignites Freeport energy regulation battle

Freeport’s energy regulation battle is coming to the boil after Grand Bahama Power Company was told the Electricity Act “implicitly repealed” key parts of the Hawksbill Creek Agreement.

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GB Power needs ‘20 times’ existing plant on 30/30 goal

GRAND Bahama Power Company would need “20 times’” the size of its existing solar energy plant to achieve the Government’s “30 by 30” renewable goals, it was revealed yesterday.

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‘We weren’t stealing power supply’

THE Cooper family – the operators of several major fast food franchise restaurants in Freeport - has “categorically and emphatically” denied any wrongdoing concerning the alleged theft of electricity by the Grand Bahama Power Company.

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GB Power Company files complaint over suspected electricity theft

THE Grand Bahama Power Company has filed a police complaint against a prominent family over the suspected theft of electricity by several fast food businesses.

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Power company pledges stable electricity cost for five years

THE Grand Bahama Power Company (GBPC) has said the 60,000 customers throughout the island can expect stability in their electricity costs for the next five years.

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Power firm apologises for outage in Grand Bahama

THE Grand Bahama Power Company apologised to customers yesterday for the widespread interruption in service that occurred on Tuesday night.

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JUST IN: Grand Bahama Power Company 'ready' for Sandy

FREEPORT – The Grand Bahama Power Company said that it is in a state of readiness for the impending storm.

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GB Power findings dismissed as ‘fluff’

A well-known retailer locked in a Supreme Court battle with the Grand Bahama Power Company (GBPC) yesterday dismissed the report on its metering/billing practices as “fluff” and a whitewash, although he and the island’s major industrial players would accept a one-third reduction in electricity rates.

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