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A service for energy industry professionals · Wednesday, April 22, 2026 · 907,362,406 Articles · 3+ Million Readers
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Grand Bahama Power News Monitoring

  • Published on Apr 9, 2026

    FNM agrees with Fitch on GBPC purchase doubling SOE debt

    The Free National Movement (FNM), in a statement to the media, highlighted credit rating agency Fitch Ratings’ warning that debt owned by state-owned enterprises (SOE) could double if the proposed takeover of the Grand Bahama Power Company (GBPC) goes …

    Source: The Nassau Guardian - Neutral
  • Published on Apr 7, 2026

    'GBPC takeover could double SOE debt'

    Fitch Ratings warned in its newest credit rating report for The Bahamas that the government’s plan to purchase the Grand Bahama Power Company (GBPC) could almost double its exposure to debt related to state-owned enterprises (SOEs). “The Bahamas is exposed …

    Source: The Nassau Guardian - Neutral
  • Published on Apr 1, 2026

    URCA opens consultation on govt's proposed acquisition of GBPC

    On the heels of the government’s passing of legislation to allow it to acquire the Grand Bahama Power Company (GBPC), the Utilities Regulation and Competition Authority (URCA) yesterday announced the start of a consultation process to determine whether …

    Source: The Nassau Guardian - Neutral
  • Published on Mar 30, 2026

    GB Power is sucking Grand Bahama dry

    Dear Editor, Over the past three bill cycles, I have noticed that my light bill from the Grand Bahama Power Company has seen a significant increase from around $230 per month to $380. The explanation given to me by a GBPC customer service representative …

    Source: The Nassau Guardian - Neutral
  • Published on Mar 29, 2026

    GB Residents Torn Over Government’s Potential Acquisition of GBPC

    Advertisement GRAND BAHAMA – Grand Bahama residents are reacting to government’s plan to take control of the Grand Bahama Power Company and opinions are split. The proposal would see a state-owned company borrow $280 million to acquire the utility with …

    Source: Our News Bahamas - Neutral
  • Published on Mar 27, 2026

    Freeport licensees want answers on GBPC

    The Freeport Licensee Association (FLA) is calling on the government to explain how it will recoup the borrowing costs associated with the acquisition of the Grand Bahama Power Company (GBPC) while also lowering power bills for consumers on Grand Bahama …

    Source: The Nassau Guardian - Neutral
  • Published on Mar 28, 2026

    Licensees warn taxpayers could bear burden of GB Power deal

    By RASHAD ROLLE Tribune News Editor rrolle@tribunemedia.net THE Freeport Licensee Association is urging the government to fully explain its plan to acquire the Grand Bahama Power Company, warning that taxpayers could be left carrying the burden of a costly …

    Source: The Tribune (Bahamas) - Neutral
  • Published on Mar 27, 2026

    FLA raises concerns over GB Power Company acquisition, calls for transparency and clear benefits

    NASSAU, BAHAMAS – The Freeport Licensee Association (FLA) is raising red flags over the Government’s planned acquisition of the Grand Bahama Power Company, warning that the proposed $280 million deal lacks critical details and could place additional …

    Source: Eye Witness News - Neutral
  • Published on Mar 26, 2026

    Moxey laments high GBPC rates, stresses acquisition would 'bring relief'

    Minister for Grand Bahama Ginger Moxey doubled down on the government’s reasons for wanting to acquire the Grand Bahama Power Company (GBPC), explaining in the House of Assembly yesterday that power bills on Grand Bahama can often be an amount akin to a …

    Source: The Nassau Guardian - Neutral
  • Published on Mar 26, 2026

    Another squandered opportunity

    Prime Minister Philip Davis squandered an opportunity on Wednesday to explain, in concrete terms, what exactly the government intends to do with Grand Bahama Power Company (GBPC) after it takes control of it. Instead, he used much of his platform in the …

    Source: The Nassau Guardian - Neutral
  • Published on Mar 26, 2026

    Pintard: GBPC acquisition a gamble with taxpayers money

    Free National Movement (FNM) Leader Michael Pintard said yesterday that the government’s plan to acquire the Grand Bahama Power Company (GBPC) is a gamble with taxpayers’ money. “Madam Speaker, we’ve read these resolutions carefully, we’ve examined what …

    Source: The Nassau Guardian - Neutral
  • Published on Mar 26, 2026

    Davis defends plan to acquire GB Power

    Opening debate in the House of Assembly on Wednesday on two resolutions to pave the way for the government to acquire the Grand Bahama Power Company (GBPC), Prime Minister Philip Davis said the move would unburden Grand Bahamians, who have traditionally …

    Source: The Nassau Guardian - Neutral
  • Published on Mar 26, 2026

    Thompson to govt: Table analysis used to justify $280M for GBPC purchase

    East Grand Bahama Member of Parliament Kwasi Thompson said in Parliament yesterday that the government must table the analysis which it relied upon to request $280 million to purchase the Grand Bahama Power Company. Thompson, who is also the shadow …

    Source: The Nassau Guardian - Neutral
  • Published on Mar 26, 2026

    Emera say GB Power sale not finalised yet

    Grand Bahama Power Company headquarters. By NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net Grand Bahama Power Company’s owner has confirmed its sale to the Government has yet to be finalised as an ex-prime minister joined the Opposition’s …

    Source: The Tribune (Bahamas) - Neutral
  • Published on Mar 25, 2026

    GBPC president says no final agreement yet on sale

    Grand Bahama Power Company CEO Dave McGregor, in an email to employees yesterday, said while talks with the government over the sale of the company are progressing, “no final agreement” has been reached. McGregor’s comments came after the Davis …

    Source: The Nassau Guardian - Neutral
  • Published on Mar 25, 2026

    Low confidence in GBPC takeover

    Minister for Grand Bahama Ginger Moxey last week tabled two resolutions for the government to guarantee borrowing hundreds of millions of dollars to effectively assume control over Grand Bahama Power Company (GBPC). The first resolution seeks approval for …

    Source: The Nassau Guardian - Neutral
  • Published on Mar 26, 2026

    The PLP’s doctrine of darkness: Secrecy by design

    Dear Editor, The recent announcement about the government’s plan to purchase the Grand Bahama Power Company, coupled with the complete lack of information and details, once again highlights that this Progressive Liberal Party (PLP) administration has …

    Source: The Nassau Guardian - Neutral
  • Published on Apr 8, 2026

    Bowe warns lack of growth strategy holding Bahamas below investment grade

    NASSAU, BAHAMAS-Fidelity Bank’s chief executive Gowon Bowe says The Bahamas still has “many miles to travel” before reaching investment grade status, warning that the country’s failure to clearly define how it will grow its economy continues to weigh on …

    Source: Eye Witness News - Neutral
  • Published on Mar 24, 2026

    GB Chamber says govt has failed to consult on GBPC takeover

    The Grand Bahama Chamber of Commerce (GBCC) is claiming the government failed to consult with stakeholders on Grand Bahama about its intention to take control of the Grand Bahama Power Company (GBPC). Ralph Hepburn, president of the GBCC, told Guardian …

    Source: The Nassau Guardian - Neutral

05 days 10:39:00

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