IN JAMAICA : $1 Billion — Refund Office of Utilities Regulation (OUR) orders JPS to pay back customers for unauthorised FX adjustment on accounts

 Wednesday, February 18, 2015    
THE Jamaica Public Service Company (JPS) has again found itself on the receiving end of an unfavourable decision by the Office of Utilities Regulation (OUR), after it was yesterday slapped with an order to refund close to $1 billion to customers.
Jamaica Public Service
The sum is for charges made to customers’ accounts from March to December 2013 for foreign exchange adjustment on fuel supplied by Petrojam. In a lengthy release, the utility regulator said the light and power company is to refund customers for the charges, which it included on their bills without consultation.
Public education specialist at the OUR, Elizabeth Bennett-Marsh told the Jamaica Observer that the JPS’s justification for the charge was that “it adjusts the fuel cost recovered for any differences between the estimated fuel cost computed at the exchange rate at the end of the month in which it incurs the fuel cost and the exchange rate at which these US$ invoices were actually settled”.
However, the OUR determined that the sum taken from customers, totalling $973,373 million, was in contravention of the Amended and Restated All-Island Electric Licence.
“The OUR, having received JPS’s explanation for making the adjustments, considered the matter and concluded that JPS had no authority under the existing regulatory framework to unilaterally impose the additional costs on customers.
The licence explicitly states how the charges are to be determined, and once this is done, there is no provision for an adjustment and, even so, JPS is not entitled to levy charges unilaterally,” Bennett-Marsh further stated. more

Comments

Post a Comment

Popular posts from this blog

ANOTHER RACIST POLITICIAN ? Republican Gene Alday, Mississippi Lawmaker, Says Blacks Don't Work And Get 'Crazy Welfare Checks' ...The State Rep. says he was against increased funding for education, in particular funding to improve literacy...Alday also told the newspaper about a time he visited an emergency room. “I liked to died. I laid in there for hours because they (black people) were in there being treated for gunshots," Alday was quoted as saying.

Image
The Huffington Post  |  By Ed Mazza Email Posted: 02/17/2015 1:59 am EST  A Mississippi lawmaker says racist comments recently attributed to him  were taken out of context  and supposed to be off the record. State Rep. Gene Alday, a Republican says racist comments State Rep. Gene Alday, a Republican, told The Clarion-Ledger he was against increased funding for education, in particular funding to improve literacy. During his explanation, Alday said he comes " from a town where all the blacks are getting food stamps and what I call 'welfare crazy checks .' They don't work." Alday also told the newspaper about a time he visited an emergency room.  “I liked to died. I laid in there for hours because they (black people) were in there being treated for gunshots," Alday was quoted as saying.  Alday didn't deny the comments attributed to him. However, he said he was not a racist. " I am definitely not a racist, at all ," Alday told Missis...
Read more

MATH PUZZLE : Here's The Answer To That Fruit Math Puzzle That's Driving Everyone Coconuts.... What's half a coconut plus one apple plus three bananas? Is the answer 12, 14, 16, 18 or 20. Go to www.RulaBrownNetwork.com for the correct answer.

Image
 02/18/2016 02:01 am ET It's one of those Facebook posts that's all over the place, and -- like " the dress " or the  hidden panda  -- everyone seems to have a different take on it.  What is half a coconut plus one apple plus three bananas?  On the surface, it would seem the apple has a value of 10, the bananas a value of four and the coconut a value of two. And if that were the end of the story, the answer would be 2 + 10 + 4 = 16.  But in the final frame, the fruit are slightly different.  There is half a coconut, instead of two halves in the earlier example equation that establishes a value of two. And instead of the four bananas representing the value of four, there are just three bananas.  If the numbers are reduced along with the portions of fruit, you get a totally different answer: 1 + 10 + 3 = 14.   Which is the correct answer? Like the dress, the answer is in how you see it.... See Rula Brown'...
Read more

Police: 22 y-o Devon Staples shoots off firework from top of his head, dies

Image
CALAIS, Maine (AP) — A young man who was drinking and celebrating the Fourth of July tried to launch a firework off the top of his head, fatally injuring himself, authorities said Sunday. Devon Staples and his friends had been drinking and setting off fireworks Saturday night in the backyard of a friend's home in the small eastern Maine city of Calais, said Stephen McCausland, a spokesman for the state Department of Public Safety. Staples, 22, of Calais, placed a fireworks mortar tube on his head and set it off, he said. The firework exploded, killing Staples instantly, McCausland said. His death is the first fireworks fatality in Maine since the state legalized fireworks on Jan. 1, 2012, authorities said. Calais is on the Canadian border near New Brunswick. State fire marshals were also investigating several other Fourth of July fireworks accidents involving injuries in Friendship, Jefferson, Lebanon and Woodstock. They said most of the accidents involved burns and eye ...
Read more