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Typical households will see their electricity bills rise by 7 per cent or more, if Belco’s application to increase its rates is granted. Under proposals submitted to the Energy Commission yesterday by the utility, residential tariffs, or the base rat...

Belco urgently needs to be allowed to increase its electricity rates in order for Bermuda to continue to enjoy a “first-world” electricity system. That is the view of Walter Higgins, the utility’s chief executive officer, who said a continuation of “...

Ascendant Group Ltd’s chairman Peter Durhager yesterday revealed that the firm had commissioned an independent investigation into whether the company’s chief executive officer had a conflict of interests in also being chairman of a US natural gas com...

A group of Ascendant Group Ltd shareholders intends to raise concerns about the direction in which the company is headed at Friday’s annual general meeting. The five are all former managers at Belco, a subsidiary of Ascendant, and they believe the el...

To mark the start of hurricane season, the Bermuda Electric Light Company yesterday reminded the public to start preparing well in advance. “Please prepare now for stormy weather, ensuring that you have all necessary supplies and that you have made p...

Belco could be burning natural gas instead of heavy oil fuel within four years, if energy regulators back the utility’s plans to change its principal electricity-generating fuel. That’s the view of Walter Higgins, the chief executive officer of Ascen...

The Bermuda Electric Light Company has been awarded a $4.5 million government contract to replace the street lights throughout Bermuda with light-emitting diodes, or LED, luminaires. The contract was announced in Tuesday’s Royal Gazette. Among the ad...

Belco is achieving “abysmally low” returns — and utilities elsewhere in the world posting similar results are in danger of bankruptcy. That is the view of Walter Higgins, chief executive officer of Belco’s parent company Ascendant Group Ltd. Mr Higgi...

Belco is preparing to ask energy regulators for permission to raise its electricity prices. The imminent rate filing to the Energy Commission to change basic tariffs comes after Belco’s parent company Ascendant Group Ltd announced a fifth consecutive...

A loud bang and a billow of smoke reported in the area of Belco’s plant along Cemetery Road, Pembroke was caused by a gas turbine engine shutting down unexpectedly. “The cause is under investigation and the engine will remain out of service for inspe...

Belco has begun celebrate its third annual Occupational Health, Safety and Environment Week starting today. The awareness week demonstrates the Belco’s commitment to promoting a healthy, safe and environmentally conscious work environment, and coin...

Traffic in Paget may be affected tomorrow as Belco crews and landscapers work to clear trees. According to a Belco spokeswoman, crews from both the energy company and Brown & Company Landscaping will be working in the areas of Rural Hill and Tribe Ro...