BEL sent out a release today basically saying it's not fighting with the Public Utilities Commission - even though the regulator cut its proposed rate decrease by one percent.
BEL says it is pleased that the PUC's Initial Decision also proposes a reduction in electricity rates. But will it object to that decision as BWSL recently did? A release says the Company will be meeting with its Management team to review the entire decision…to determine the possible implications…on BEL's Five Year Investment Plan.
BEL will submit its written comment to the PUC by May 12th.
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