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Politics : View from the Center and Left

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To: Cogito who wrote (70417)	6/3/2008 12:13:07 PM
From: Broken_Clock	Read Replies (1) of 541478

from the same link... --- ENERGY Rising power costs shock Fortis in Belize Electricity provider can't pass on price hikes PAUL WALDIE June 3, 2008 Kisha Samuels can handle just about any other natural disaster that comes her way in Belize. But soaring energy costs are another matter. "We can cope with floods to some extent," Ms. Samuels said yesterday from the Bird's Eye View Lodge, about 60 kilometres north of Belize City, where she was busy evacuating the front office as a storm raged outside. "But rising prices are making it very difficult for us." They are also making life difficult for Fortis Inc., which controls Belize Electricity Ltd., or BEL. The company, based in St. John's, is running into fierce opposition from authorities in Belize as it seeks to raise electricity rates to compensate for the soaring cost of oil. With food, gasoline and oil prices already soaring, electricity rates have become a new burden for people in Belize and elsewhere in Central America and the Caribbean.

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