Comments on: Transformer Trips, Causes Brief Overnight Outage

By: Well

Well — Sat, 28 Jul 2012 17:36:21 +0000

Because there’s such a thing as fuel purchased previously was purchased at a higher rate and with people being more conscious of their electricity usage(lowering how much they used) there was less fuel used, which in turn means less revenue to pay for that fuel at the rate it was purchased at.

If Belco purchases 50 barrels of oil at say $45 a barrel, expecting to use all 50 barrels, they’ll make enough to pay for those 50 barrels, if they only go through 40 barrels, that’s 10 barrels they have no revenue to pay for. Now consider their next shipment they purchase 40 barrels at $30 a barrel – one would expect the fuel charge to decrease accordingly but, they still need to make up the difference for those 10 barrels.

By: Opressed

Opressed — Sat, 28 Jul 2012 00:18:35 +0000

No Leca light, no phones, no money, no busses, the pipes is lincon and there’s no duct tape to fix it. FLUSH!

By: Bda sinkin ship

Bda sinkin ship — Fri, 27 Jul 2012 19:47:26 +0000

We are just lucky BELCO isn’t run by the PLP cuz it would be worse!

By: Future

Future — Fri, 27 Jul 2012 18:39:45 +0000

And a transformer of this kind takes more than a year to procure..BELCO had the foresight to be able to replace it in a day? No good deed goes unpunished in his country. Running on 1979 equipment, won’t approve 2012 technology but they want 2012 performance. What is the saying about having cake and eating it?

By: Future

Future — Fri, 27 Jul 2012 18:37:26 +0000

Over privileged and under informed trolls!

By: Nuffy Engineers

Nuffy Engineers — Fri, 27 Jul 2012 14:44:17 +0000

LOL! You obviously don’t travel often. In a 3rd world country that faulted transformer would sit there and rot until the end of time. From what I’ve been made to understand, the old transformer has been removed, a new transformer is on island and installation is beginning today.

By: clubber lang

clubber lang — Fri, 27 Jul 2012 14:30:20 +0000

You may have noticed that it’s earnings season which means a lot of very senior board member types that may not ordinarily be in Bermuda are on island at the moment. I’m sure a few eyebrows have been raised. If there’s anything those guys hate, it’s taking risks that are outside of the ones that they are specifically in buiness to take.

By: George Orwell - expat

George Orwell - expat — Fri, 27 Jul 2012 13:20:10 +0000

Bermuda really is sinking to the status of a third world country. Can’t keep the lights on, buses and ferries out of service, roads and infrastructure crumbling but government ministers still driving around in their luxury sedans.

Why would a business even consider setting up a physical presence in Bermuda?

By: Vexed Customer

Vexed Customer — Fri, 27 Jul 2012 12:43:49 +0000

I think my payment might just trip on it’s way to Belco this month…. This is ridiculous and totally unacceptable! We should not be held at ransom by Belco!!

By: Rockfish

Rockfish — Fri, 27 Jul 2012 12:37:15 +0000

I beg to differ – int he Telecom industry you are paying more for less – Bermuda has the most inflated prices for Telecom services from cell down to internet – and let’s not mention Cablevision.

As Far as the BELCO issue – Wear and Tear – after so many years of being in service equipment does fail from time to time despite being maintained regularly – I don’t understand how people are so quick to shoot off at the mouth about things they do not understand. As far as the fuel is concerned – if you failed to read the article in “The Bottom Line” put out earlier this month – BELCO does not make a profit off of fuel costs, BERMUDA GOVERNMENT DOES. BELCO takes a loss on the fuel adjustment seen by the consumer almost every month – but BERMUDA Government makes $15/barrell. Fuel is independent from consumption rates.

I am a shareholder and trust me – the dividens are nothing to write home about.

I’d rather pay for a $.oo1 rate increase/kwh/month than pay Cablevision $2.50/month for stolen signals where we cannot even watch all of the shows due to legal permissions.

By: Just One

Just One — Fri, 27 Jul 2012 12:20:11 +0000

Exactly! Why are we paying more for less, where as in other industry areas such as Telecoms, we are paying less for more! No more monopolies!

By: 32n64w

32n64w — Fri, 27 Jul 2012 11:32:44 +0000

In the last week there have been at least five power outages in various parts of the island – most recently two in Hamilton alone within one day. BELCO keeps insisting the failures have nothing to do with load factors, however, they have yet to figure out (or at least publicly disclose) the actual reasons.

As a monopoly service provider that insists it needs to raise rates to fund future enhancements instead of reduce dividends to shareholders when are they going to be honest about their infrastructure problems?

Why have their rate increases grown exponentially when compared with actual fuel prices?

In their capacity as regulator why has the PLP Government allowed the public to be unfairly overburdened with unreasonable rate increases?