FTC payout

Three intervenors in the October 2009 electriciy rate hearing will share nearly $50 000 in costs awarded by the Fair Trading?Commission (FTC) which will be met by the Barbados Light & Power Company Limited (BL&P).
An FTC decision published today said three of the nine intervenors appearing at the 16-day public hearing between October 7 and 23, 2009 had applied for costs, including itemised claims for the scope of work done by their consultants.
The three were the Barbados Small Business Association (BSBA), the Barbados Association of Non-Governmental Organisations (BANGO) and the Barbados Association of Retired persons (BARP).
A determination was made that the sum of $45 786.95 would be disbursed among the intervenors: $33 100 to the BSBA; $8 035 to BANGO; and $4 651.95 to BARP.
“In determining the matter, the Commission took into consideration the contribution made by each applicant during the rate review proceedings, the cost applications of BSBA,?BARP and BANGO and the submisisions of the BL&P,” ” the FTC statement said,
Full story in Thursday’s DAILY  NATION. (AB)