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BELCO Generation Proposal Approval Order

Summary

THIS ORDER is issued by the Regulatory Authority (the “Authority”) in accordance with section 63(1)(a) of the Regulatory Act 2011 (the “RAA”) and pursuant to sections 12 and 13(z) of the RAA and section 14 of the Electricity Act 2016 (the “EA”), in relation to the request from the Bermuda Electric Light Company Limited (“BELCO”) to the Authority dated 22 December 2017 (the “Proposal”) in which BELCO, in its capacity as a holder of a bulk generation licence, submitted its proposal to replace certain generating assets with replacement generation assets pursuant to Condition 20 of BELCO’s bulk generation licence granted on 27 October 2017.

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