On February third, we told you that the Public Utilities Commission had rejected the proposed 16% increase from Belize Water Services Limited. The PUC instead gave the water company a 6% increase. But that was only an initial decision, anyone who didn't like it had two weeks to object. And BWSL did. In time for the deadline on Monday February 17th, BWSL filed an objection on the grounds that the PUC made an error in calculating its Regulated Asset Values. That means the PUC now has to appoint an Independent Expert to review it all and that has to be done before March 5, 2014. That expert will submit a report with his recommendations on the Initial Decision within thirty (30) days of his appointment. After that, the PUC has 15 days to issue its final decision, and only then will you now what you new water rate will be.
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On February third, we told you that the Public Utilities Commission had rejected the proposed 16% increase from Belize Water Services Limited. The PUC instead gave the water company a 6% increase. But that was only an initial decision, anyone who didn't like it had two weeks to object. And BWSL did. In time for the deadline on Monday February 17th, BWSL filed an objection on the grounds that the PUC made an error in calculating its Regulated Asset Values. That means the PUC now has to appoint an Independent Expert to review it all and that has to be done before March 5, 2014. That expert will submit a report with his recommendations on the Initial Decision within thirty (30) days of his appointment. After that, the PUC has 15 days to issue its final decision, and only then will you now what you new water rate will be.