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Prime Minister Philip 'Brave' Davis speaks during a ceremony for the signing for the govt to acquire all remaining shares in Grand Bahama Power Company. Photo: Vandyke Hepburn

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Govt buys GB Power - promises 37% cut

THE government has acquired all outstanding shares of the Grand Bahama Power Company in a deal Prime Minister Philip “Brave” Davis said will cut electricity bills for Grand Bahama customers by an average of 37 percent, a major intervention announced one week before the general election.

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