For a few months now, BEL and the Public Utilities Commission have been back and forth about the electricity rate: BEL asked to 39 cents per kilowatt hour, PUC only approved a rate of 36 cents.
So, BEL asked for a review by an independent expert and that report came out three weeks ago. The expert recommended a mean electricity rate of 38 cents, which is closer to what BEL asked for.
With that, today BEL sent out a press release saying it "accepts the recommendation of the Independent Expert (and) trusts that the PUC will adapt and implement the recommendations in the best interest of customers."
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