PUC raps GPL over $7B in system losses for 2013
- says some operating standards fall short of efficient utility
The Guyana Power and Light Inc. (GPL) failed to meet the majority of its performance targets for last year, including reducing system losses that eventually cost the company over $7 billion, according to the Public Utilities Commission (PUC).
Following a review of GPL’s Operating Standards and Performance Targets (OSPT) for 2013, the PUC said it would not impose a fine on the company, having recognised that the operating standards are set within the framework of the company’s infrastructural and cash flow limitations.
“However, some of the standards fall far short of what generally constitute an efficient utility. There remains much work to be done to incrementally improve the quality of service to customers,” the PUC stated in its general comments on the OSPT. Although it decided against imposing a fine, it did warn of consequences should GPL fail to act on system losses. “…The company should be warned that …..To continue reading, login or subscribe now.