GEBE grants reduction in fuel clause for December

PHILIPSBURG--The Supervisory Board of Directors of GEBE unanimously approved a 15 cents per kwh (kilowatt hour) reduction in the fuel clause for December bills. The charge will be reduced from 42 cents per kwh to 27 cents per kwh.

Interim Managing Director of GEBE Paul Marshall explained that the reduction was based on the projected financial figures for the 2011 financial year which shows room to grant consumers the relief on December bills.

Marshall said GEBE reviews its financials every fourth quarter to determine if relief is possible for consumers. He did not provide any specifics about company financials.

Ironically, the relief, based on GEBE's financials, comes after mid-October statements by Chairman of the Supervisory Board Julius Lambert to St. Kitts media that the actions of former Director William Brooks resulted in the company losing "millions and millions of dollars."

Source: http://www.thedailyherald.com/islands/1-islands-news/23300-gebe-grants-reduction-in-fuel-clause-for-december-.html

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