(a)
|
The Rate Base as computed by the Applicant and calculated to be $544,198,726 be approved.
|
(b) |
The
capital structure of Debt of 35% and Equity of 65% used by the
Applicant in the determination of its Rate of Return be approved.
|
(c) |
The Rate of Return on Rate Base of 10.48% be approved.
|
(d) |
The Revenue Requirement of $502,238,415 be approved.
|
(e) |
The Existing Tariffs be replaced by the Proposed Tariffs
details of which are described at Schedules K-1 to K-11 of the
Application.
|
(f)
|
The Proposed Tariffs to be effective from October 1, 2009. |
(g)
|
The existing Standards of Service be retained pending a
decision by the Commission on its review of the Standards of Service.
|
(h) |
Such further Orders or other relief as may be warranted. |
|
|
|
AND NOTICE IS HEREBY GIVEN as follows:
|
1. |
Any person who wishes to intervene in the proceeding must file a
letter of intervention no later than 4:00p.m on the 25th day of June
2009. The letter of intervention must comply with the provisions of
Rule 64(6) of the Utilities Regulation (Procedural) Rules, 2003 which
state: |
|
Every letter of intervention shall:
|
|
(a) |
be divided into paragraphs and numbered consecutively; |
(b) |
describe the intervenor, the interest of the intervenor in the proceeding and the grounds for intervention; |
(c) |
contain subject to Rule 64(7) a concise statement of the nature and scope of the intervenor’s intended participation; |
(d) |
request the written evidence if it is desired; and |
(e) |
set out the full name, address, telephone number and facsimile number
of no more than 2 representatives including counsel of the intervenor
for the purposes of service and delivery of documents in the proceeding. |
|
2. |
At any hearing only those persons who have filed a letter of
intervention in accordance with the above criteria, will be entitled to
be heard.
|
3. |
Copies of the said Application and supporting documents and data filed
by the Applicant can be viewed on the Commission’s website at
www.ftc.gov.bb or perused at the Commission’s office, “Good Hope”,
Green Hill, St. Michael between the hours of 9:00a.m. to 4:00p.m.
Mondays through Fridays. |
4. |
Copies of the Application letter and the summary of rates (approximately 20 pages) can be obtained from the Commission Secretary |
5. |
Any written questions (interrogatories) about the Application and the
accompanying documentation must be included in the letter of
intervention. |
6. |
Copies of the Utilities Regulation Act, Fair Trading Commission Act,
Utilities Regulation (Procedural) Rules 2003, relating thereto may be
inspected at the Commission’s office between the hours of 9:00a.m. to
4:00p.m., Monday through Friday and are available on our website at
www.ftc.gov.bb. |
7. |
Notice of the date and venue for the commencement of the public hearing will be given at a later date. |