Canadian EMERA Controls Key Strategic Asset Of Barbados

New Managing Director, Mark King of Barbados Light & Power Company

Many Barbadians are still fuming at the decision by the government of Barbados to sell part of its 21% holdings in Light & Power Holdings (L&PH) to Canadian company EMERA. Many Barbadians are still fuming at the ruling by the Fair Trading Commission of Barbados to approve Barbados Light and Power’s application for a 10% return on rate base. The deed is done but it does not stop some of us from remaining vigilant.

The decision to allow a strategic asset like the Barbados Light & Power Company to become almost 100% owned by EMERA remains a concern for BU. It is noteworthy a similar acquisition occurred in Bahamas in November 2011 but unlike Barbados citizens of Bahamas have decided to become proactive in light of a deterioration in the quality of service since the acquisition of Grand Bahamas Power Company. The regulatory framework in the Bahamas appears to be a little different to  Barbados’s which should not detract from our concerns.

BU hopes to join with others in the coming weeks to probe the integrity of decision making by EMERA. If we are to judge by the reports posted by Miles Howe of the Halifax Media Group there is an opportunity for Barbadian consumers to demand answers to a few questions.

Here is the opening paragraph from another article posted by Miles Howe:

The Emera Connection

Nova Scotia and Grand Bahama Share Similarity in Private Power Monopoly.

by Miles Howe

Troy Garvey Interviews Local NSPI Customer. Photo: Miles Howe

Troy Garvey Interviews Local NSPI Customer. Photo: Miles Howe

Two weeks ago, two gentlemen from the Bahamas came to Halifax, looking for answers from Emera. Troy Garvey and Jonathan Glinton represent Operation Justice Bahamas, and they have their sights set on taking the home-grown power monster to court back on the island. Set sail for corporate misadventures as we embark upon…The Emera Connection.

Full Article

64 responses to “Canadian EMERA Controls Key Strategic Asset Of Barbados

  1. Nobody is attacking mr.king.far from it.the only attack is on thiose who blatantly use blacks as tokens to do their bidding and we deserve better. All that is being said is that when board meetings are called our input should not be shelved or overlooked..mr king in my opinion even though well educated is very humble and domicile and fits right into Emera agenda.Emera could not have pick a better person to do their dirty work.

  2. John 1:11 King James Version
    He came unto his own and his own received him not.

    It beats me how we often rant and rave that one of our very own should be put in certain positions in this country and when it happens we go all out to drag that person down. How often we hear the supposedly degrading remarks about some particular person who have reached the top is the son or daughter of ‘that woman who used to sell at the corner of Busby Alley’, or ‘the son or daughter of the old man with the donkey cart.’ Today we used more sophisticated terms in our descriptions to pull others down,but nevertheless just as cutting.
    But we have in the past ,and will in the future accept superiors from overseas whose background may be more humble and more dodgy that our home grown products.
    But is it not funny, that many of the negatives now being pinned to Mr Kings back, were probably present on the last three MD’s backs?
    but as the worker said when he was kicked up the arse by the plantation manager, ” Skipper dah is a gud wun!”

  3. Random Thoughts

    http://www.thestar.com/news/article/1111965–porter-jamaica-s-leading-gay-activist-maurice-tomlinson-married-a-torontonian?bn=1

    Jamaica’s leading gay activist, Maurice Tomlinson, marries a Toronto man.

    The day after Jack Layton’s funeral, eulogist Stephen Lewis and pastor Brent Hawkes congregated again for a different holy ritual: Maurice Tomlinson’s wedding.

    Tomlinson is a leading gay activist in Jamaica — the only country in the Western hemisphere where gay sex is still illegal.

    In Toronto, he married Tom Decker, a police officer-cum-pastor in the Metropolitan Community Church of Toronto.

    The UN’s former special envoy for HIV/AIDS in Africa was the best man

  4. Emera is a publicly traded company in Canada and is mandated to make as much money as possible for its owners and shareholders.

    It is not a charitable organization.
    They will try to squeeze as much profit as possible out of BL&P.

    That is just good Capitalism.