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The chief executive of the Regulatory Authority of Bermuda is to play no part in the utilities watchdog’s consideration of the sale of Ascendant Group Ltd, because he has a contingent interest in the company. Denton Williams became chief executive of...

Bermuda’s electricity sector regulator has opted against natural gas as a principal generation fuel and in favour of an offshore wind farm and more solar power. Details were released yesterday by the Regulatory Authority in the island’s first Integra...

Belco has maintained an environmental management systems certification. The ISO 14001:2015 standard, set by the Swiss-based International Organisation for Standardisation, helps Belco to improve resource efficiency, reduce waste, and consistently ma...

Belco has once again met an international standard for its environmental management systems, the power company announced. The International Organisation for Standardisation, based in Switzerland, publishes international standards for industries world...

The sale of Bermuda’s electrical grid to any buyer can only move forward with approval by Bermuda’s independent Regulatory Authority. For that reason, the recent offer from Algonquin Power & Utilities Corporation to pay $360 million to shareholders o...

The Corporation of Hamilton will have to cover the cost of moving power lines underground in the city, the Court of Appeal has ruled. The municipality launched legal action against Belco after the energy company said it would charge the corporation $...

A Government MP claimed Belco should be nationalised during a Parliamentary debate about allowing ministerial approval over the company’s sale. Derrick Burgess, the Deputy Speaker, suggested interest in the power provider could be increased increment...

A few months ago there was a gathering of Bermudians at an event recognising long-service employees — persons who had served one particular company for a range of between ten and 50 years. Yes, shockingly, there are people who have worked at a singul...

A dispute between Belco and the Corporation of Hamilton over who should pay to move power lines underground came before the Court of Appeal. The corporation argued that the energy firm had to cover the $26,000 cost to move Union Street power undergro...

Belco has stressed that it is prepared to burn whichever base load fuel the imminent Integrated Resource Plan requires for the island’s electricity supply — whether or not it is natural gas. The power utility made a statement in the wake of last week...

The Ascendant Group sale must be approved under ministerial directions, home affairs minister Walter Roban said today. Mr Roban told the House of Assembly the Regulatory Authority must give consent to the licence transfer of the utility group, which ...

Ascendant Group has accepted a takeover bid worth around $365 million from a Canadian utility group. Yesterday’s announcement of the intended sale to Algonquin Power & Utility Corporation marks the conclusion of a four-month evaluation of “strategic ...