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VOLUME:117 No.06, NOVEMBER 28TH, 2019
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FREE TO GO AN EMOTIONAL Shane Gibson along with his lawyers and supporters after being acquitted on all counts of bribery yesterday.
• Jury takes less than 2 hours to dismiss charges
Report: Rashad Rolle Picture: Shawn Hanna JURORS took under two hours to find Shane Gibson not guilty in a case his lawyers said was tainted with “wickedness” and “injustice” from the start. When the foreman revealed the acquittal on all counts of bribery, the former government minister cried. SEE PAGE THREE
• Brave blasts PM for victors’ justice in doctored case
FAMILIES FACE $30 BILL TO BAIL OUT BPL By SYANN THOMPSON Tribune Staff Reporter sthompson@tribunemedia.net BAHAMAS Power and Light customers will see a $20 to $30 increase in their monthly electricity bills for ten months starting in 2020, according to Minister of Works Desmond Bannister. While debating the Electricity Rate Reduction Bond Act in the House of Assembly yesterday, Mr Bannister said that the
DESMOND BANNISTER issuance of the bonds will be used to refinance BPL’s $321m debt to pay for phase
two of the new Wartsila power plant and manage other liabilities. “We expect that the issuance of the rate reduction bonds will lead to a temporary increase in the average household billing of an average of $20 to $30 monthly for about ten months in 2020,” he told Parliament. “The good news is that this will be a short-term increase that will be wiped out in 2021 when the cost of generation will
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decrease drastically due to the completed installation of the second station consisting of even more new fuel efficient engines, better operation performance, and lower fuel costs brought on by the utilisation of Shell’s internationally respected hedging expertise.” The Carmichael MP explained that the Rate Reduction Bond Act passed under the former SEE PAGE FIVE