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Volume: 121 No.144, June 21, 2024
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‘BAD DEAL’ Pintard says planned BPL split up will not benefit Bahamians By JADE RUSSELL Tribune Staff Reporter jrussell@tribunemedia.net THE Davis administration’s plans to reform Bahamas Power and Light amount to a “bad deal” that will leave Bahamians in a financial bind for years to come, Free National Movement leader Michael Pintard said yesterday. He criticised the administration’s pursuit of a joint venture with Island Grid
Solutions to upgrade and manage BPL’s transmission and distribution network (T&D). Under the joint venture, the government would own 40 percent of the shares in a special purpose vehicle (SPV) called Bahamas Grid Company, and Island Grid Solutions would own 60 percent. BPL, according to Energy Minister JoBeth SEE PAGE THREE
FREE National Movement (FNM) leader Michael Pintard speaks during a press conference at FNM Headquarters on June 20, 2024. Photo: Dante Carrer/Tribune Staff
‘IT’S ABOUT TIME CASINOS AND ‘Don’t jump to conclusions,’ as police BUSINESSES WEB SHOPS PAY SAME TAXES’ look into recent dog killing incident BRACING FOR HIGHER ELECTRIC BILLS By FAY SIMMONS Tribune Business Reporter jsimmons@tribunemedia.net
ISLAND Luck’s cofounder yesterday called for hotel-based casinos to “pay their fair share” and an end to the rate disparity that
sees web shops paying twothirds of the gaming sector’s total tax contribution. Sebas Bastian argued that “it’s about time” casinos and web shops pay the same rates. FULL STORY - SEE BUSINESS
By KEILE CAMPBELL kcampbell@tribunemedia.net
DEPUTY Commissioner of Police Leamond Delevaux said he and police Commissioner Clayton Fernander are “true believers” in animal rights and urged the public not to jump to
conclusions before police finish investigating a recent dog killing incident. Police were looking for a man who reportedly tried to remove his ankle bracelet when they shot and killed a family’s dog in Kemp Road. The incident incensed the public, especially after the
owners said police failed to apologise and show remorse. DCP Delevaux said Chief Superintendent Marlon Fulford, the officer in charge of the complaints and corruption branch, is SEE PAGE FIVE
AG: Govt will launch catastrophic insurance initiative for the vulnerable By EARYEL BOWLEG Tribune Staff Reporter ebowleg@tribunemedia.net ATTORNEY General Ryan Pinder announced that government will launch a catastrophic property insurance initiative to help vulnerable people. He did not provide significant details on the
plan, such as how it will be funded. During his budget contribution in the Senate, he said the initiative is being developed in partnership with the Bahamas Insurance Association, a “global insurance leader,” and the government. SEE PAGE FOUR
ATTORNEY General Ryan Pinder KC
Nassau & Bahama Islands’ Leading Newspaper
By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net UP to 70 percent of small and medium-sized businesses (SMEs) were yesterday said to be bracing for increased electricity bills because they use more than the Government’s chosen threshold. Mark A Turnquest, SBARC founder, told Tribune Business the Government appeared not to understand that “the majority” of SMEs - especially those in the retail sector or who sell product from a physical location - easily consume more than 800 kilowatt hours (kWh) per month. FULL STORY - SEE BUSINESS