My Morning Paper – July 12, 2024 – The Baby and the Bathwater

It is being reported that Prime Minister Philip Davis; Secret Squirrel, has directed the appointment of a foreign independent investigator the inquiry into allegations against Chief Superintendent Michael Johnson, officer if charged of the Criminal Department.

My first thought is to enquire whether Secret Squirrel is only now finding out about these allegations, which would not surprise many, but we know that he has been aware of this developing saga, so my other thought is that he has been forced to act based on the negative attention that this story is getting especially since the shooting of the self-appointed “whistle blower” this past weekend.

“Accusation involving senior officer terribly disturbing” – The Tribune

Excerpt from this article; “PRIME Minister Philip “Brave” Davis said he found voice notes purporting to capture a quid-pro-quo arrangement involving a senior police officer and a gang leader “terribly disturbing”.

“We want to ensure that we restore the confidence of Bahamian people in our police force because there are many good police officers that are doing a wonderful job in protecting our property, our lives, and our country and citizens,” he exclusively told The Tribune Tuesday night. “We need to ensure that we get to the bottom of whatever the tapes mean, and to ensure the confidence, I’m advised that they will be calling in assistance so that there will be not only a semblance but an actual independent review.”

Mr. Davis said he could not give more information about the involvement of foreign investigators.

“I’m leaving that to the investigators, and I want them to set the parameters, but I want to make sure that what happened, that we get to the bottom of it all and that the confidence of the Bahamian people in the police force has been restored,” he said.

He said it is “quite alarming” that many Bahamians do not trust the police force to investigate the matter probably because it involves a senior officer.

“We have to appreciate that we’re all humans, we make mistakes, we have to understand what’s going on and where the bad apples exist, we have to weed them out,” he said. “The overall goal is to find the truth and let the chips fall where they may and any persons who are culpable, they should be brought to justice.”

First it is interesting the prime minister finds it “quite alarming’ that many Bahamians do not trust the police force to investigate the matter, maybe it is time that someone brings him up to speed on the fact that a lot of Bahamians simply do not trust the police. Then there is this last paragraph which is a bit unsettling; the prime minister first states that “we all makes mistakes” but as if he is suggesting that the country be more understanding of such instances but then goes on to say what most of the country is already saying; “weed them out” and bring them to justice, so all of the eloquent verbiage is very unnecessary.

So, while the Secret Squirrel was leading us to where we already were; his Chairman and Minister for Foreign Affairs; Fred Mitchel [Snagglepuss], was busy seeming to undermine the prime minister with his own message, which was simply one to contradict the Hon. Michael Pintard, the Leader of the Opposition; Free national Movement (FNM) – or in other words, simply being the ball of contradiction that Snagglepuss has become known to be.

“Mitchell dismisses calls for commission of inquiry into police operations” – The Nassau Guardian

Excerpt from this article;

“The Royal Bahamas Police Force (RBPF) was “read the riot act” over serious allegations that led to the head of the Criminal Investigation Department (CID) Chief Superintendent Michael Johnson being sent on garden leave pending an investigation, Minister of Foreign Affairs Fred Mitchell said yesterday.

Mitchell said the country’s leaders are taking the claims seriously but dismissed calls from the Free National Movement (FNM) for a commission of inquiry or for foreign law enforcement agencies to step in and investigate.

“We are now faced with a set of allegations [that] go to the root of law enforcement capabilities,” said Mitchell in a voice note released on Independence Day.

“We have gone down this road before and one thing we know is that in order to achieve justice and equity, you don’t throw the baby out with the bathwater.

“The government has been looking into the performance of the force since it came to office. Looking at its management, looking at its future and where it’s headed.

“… Our friends in the FNM always have this knee-jerk reaction to call in foreigners to clean up the mess. But we may say this: this is The Bahamas.

“When we accepted the responsibility of independence, we took on the responsibility of managing and solving our own problems. The rules in this matter have so far been followed and they will be followed. The decisions must be evidence-based and not by some cockamamie suppositions and conjecture.”

Indeed, Mr. Mitchell we have accepted the responsibility of independence and managing and solving our own problems but there are instances where outside help is needed and/or, to avoid the appearance of impropriety and conflict of interest and I think that even you would understand understands this concept but there seems to be such a great distain for the opposition that you are willing to go against your very own leader and “throw the baby out with the bath water”, exactly what you accuse the leader of the opposition of doing; so just contrary, even to commonsense.

As the chairman of the Progressive Liberal Party (PLP) seems to not see the potential tremendous backlash of this entire situation; the international papers are now erroneously binding the Taylor Casey case and to the allegations of corruption in in the Royal Bahamas Police Force (RBPF); the very tenuous link being that the police force is so corrupt it is unable to conduct a proper investigation.

 It would appear that the chairman of the PLP’s great distain for the opposition Free National Movement (FNM), and him attempting to ‘save’ the PLP from “them”, has him so blinded that he would even risk the reputation of The Bahamas and just like that the “baby and the bathwater gone out the window.

The Progressive Liberal Party fails for one reason, it is their nature; maybe now two, because of the myopic and bitter approach that its chairman has taken to politics.

END

My Morning Paper – July 6, 2024  – Vicked and deceitful.

“Ah, relief at last! Families can finally afford groceries, school supplies, and other essentials without breaking the bank,” declared Prime Minister Philip Davis, aka Secret Squirrel. The money saved will be funneled back into local businesses, giving the economy a much-needed boost. Sounds great, right?

Let’s rewind a bit. When the Progressive Liberal Party (PLP) took office, there was this nifty fuel hedging program in place at BPL. It was a sweet deal, letting The Bahamas buy fuel at a fixed, lower cost. But then, the New Day PLP government came in almost three years ago and, in their infinite wisdom, decided not to renew this program. Surprise, surprise—electricity costs soared! At first, they played dumb, but eventually, they had to own up to the blunder. By then, though, the damage was done.

Fast forward to today, and the same New Day PLP government is telling everyone, “Check your bills at the end of July.” Oh, joy.

Now, not to be labeled “ungrateful” for the umpteenth time today, but I’ve got a couple of burning questions. First off, what exactly is this magical plan that the New Day government and the Minister for Energy and Transport, Jobeth Colbey-Davis (aka Theodora Elphaba), have cooked up to lower our energy costs?

The devil is always in the details; maybe they are trying to save us from these “devils” by now sharing these details and maybe we should be grateful for the kind consideration of our souls.

And second, will these new rates actually be lower than what we had under the old fuel hedging program, courtesy of the former Free National Movement (FNM) administration?

The last thing we want—scratch that, the very last thing we want—is to feel like we’ve been swung by our “caring government” in some crafty con. Imagine if they let our bills skyrocket just to bring them back down to where they originally were under the hedging program, all so they could claim, “Look, another campaign promise fulfilled!” That, my friends, would be downright wicked and deceitful.

END

“My Morning Paper – June 29, 2024 – Method and Madness

#THENEWDAYOLDWAYPLP

Prime Minister Davis, “Secret Squirrel”, brags about how his travels has repaired The Bahamas’ relationships around the world. He goes on to claim how he is bringing foreign investors to the country; but what are his goverment’s economic initiatives affecting the relationship between his New Day government and local businesses?

First, I would like to interject my suggestion that there were no foreign relationships to be repaired; to be repaired they would have first to be broken and I dare Secret Squirrel or any one of his government or even fervent supporters, helping to spread this version of “reality” to provide any concrete and concise evidence to prove my assertions erroneous.

‘Barbaric’ govt task force blasted” – The Nassau Guardian

Excerpt from this article; “The government yesterday faced increased criticisms over the work of the Maritime Revenue Enhancement Task Force with the Bahamas Chamber of Commerce and Employers’ Confederation (BCCEC) expressing concern over the “contempt” being shown for the business community through “invasive inspection strategies”, and one businessman branding as “barbaric, mindless and completely archaic” the work of the team of law enforcement and government officials.

Meanwhile, Acting Press Secretary Keishla Adderley told reporters the government was reviewing the procedures used by the task force after Vice President of CBS Bahamas Brent Burrows II complained of armed officers entering their Southwest Plaza store unannounced to review the company’s files.

The task force’s mandate is to ensure that companies are compliant with all taxes.

The team includes officials from the departments of inland revenue, immigration and customs, the National Insurance Board, and police and defense force officers.”

While it is my opinion and that of most Bahamians that each and every business and person should comply with our tax laws, it is also my opinion that there is no need for excessive and invasive force as a means to have businesses comply, like simply having them shut down until they choose to comply, and while people may still complain, this move is a far less invasive and excessive means in my opinion.

During the lockdowns brought about by the pandemic, there was excessive force used in several instances to have people comply with the law at that time.  It was and still isa my opinion that in a civilized society, a certain level of discretion should be afforded to its citizens especially by those enforcing the law, this is the only way that we maintain a healthy and cohesive society and remain truly progressive as a country.

So your methods to achieve this simply cannot be that which can only be perceived as pure and utter madness, then labelled as justifiably or unjustifiably as “barbaric”.

So to use the reasoning/excuse, you feel free to interject the most appropriate word that works for you here; “With regard to the armed officers, Bowleg explained that the team is a revenue collection team and needs to be protected as its members carry out their duty of collecting the government’s revenue.”, it very difficult to believe  and only seen as an excuse to attempt to justify the use of excessive and aggressive force in order to “review the company’s files”, when there are more less aggressive and excessive force available to agents of the government while “collecting government’s revenue” and at the end of this excessive and aggressive exercise, did the relevant agencies succeed in the purpose of the visit?

The Progressive Liberal Party fails for one reason; it is their nature.

END

My Morning Paper – June 27 2024 – Dogs and parked cars.

Last week, Keith “Tippy Toe” Bell waltzed into Parliament and unleashed his magnum opus on the Budget Debate floor. For ninety long minutes, he waxed poetic about the “horrific acts” of the former Free National Movement (FNM) government, accusing them of selling the National Insurance Board’s (NIB) shares in American companies. High on emotion but perilously low on facts, Bell’s speech was the kind of grandstanding we’ve come to expect.

Enter Arinthia Komolafe, the former leader of the Democratic National Alliance (DNA). Unlike Bell’s melodrama, Komolafe’s response was a master class in clarity and substance. Her piece filled in the gaping holes left by Bell’s tirade, shedding light on what the Progressive Liberal Party (PLP) conveniently glossed over in their haste to scream “scandal.”

And that’s where it all began and we all know what they say about dogs and parked cars.

 The PLP unleashed a relentless barrage against Komolafe, clearly rattled by her inconvenient truths. From the moment she exposed the NIB fiasco, she’s been under attack, an attempt to discredit her that is as transparent as it is desperate.

First, let’s set the record straight: nowhere in Komolafe’s statement did she claim to be representing the FNM. But in the twisted logic of the PLP, if she criticizes the New Day government, she must be doing it on behalf of the FNM. Apparently, in their world, independent thought is a foreign concept and seems to be highly discouraged within that political organization.

The attacks on Komolafe have been vicious and personal, aimed more at her character than her message. She’s been called everything but a child of God, with “political prostitute” being a particularly nasty favorite. It’s a classic deflection tactic, a smokescreen to divert attention from the real issue at hand.

This issue being that was done was recommended and sanctioned by the Governor of The Central Bank of The Bahamas, they have yet to attack him for what they now term a stupid decision.  Just imagine that a decision to help the Bahamian people and the country’s economy is now being labelled a “stupid decision”, just think about that and let that sink it

The PLP’s hypocrisy is staggering. They’re more than willing to smear a woman based on lies to protect “Tippy Toe” Bell. This isn’t surprising, though. It’s reminiscent of their attacks on the young and dynamic Deputy Chairman, Robyn Lynes, for daring to challenge Fred Mitchell for the PLP chairmanship. Yes, the same Fred Mitchell who once burned the Bahamian Constitution in protest and cut his political teeth as an FNM Senator.

The PLP has a long history of nasty, vile political attacks, and the New Day PLP seems to have inherited this trait from the Old Day PLP. The party’s witlessness knows no bounds, and it’s clear they’ll go to any lengths to protect their own, even if it means throwing truth and decency out the window.

The Progressive Liberal Party (PLP) fails for one reason, it is their nature.

END

My Morning Paper – June 21, 2024 – Another Lackluster Performance

After rolling out a budget so lackluster it made a sloth on a Sunday look energetic, the New Day Progressive Liberal Party (PLP) government of The Bahamas found themselves in desperate need of a distraction. Their budget, an exercise in mediocrity, offered concessions on sea moss, fire extinguishers, digital camera parts, and laundry detergent in sheet form. Truly inspiring, if you’re in the market for yawns.

But lo and behold, the PLP found their lifeline—a distraction that could rival a reality TV twist. Enter the headline: “FNM SOLD NIB SHARES.” In a melodramatic reveal worthy of daytime soap operas, Minister of Social Services and Urban Renewal Keith Bell disclosed in Parliament that the Free National Movement (FNM), under Dr. Hubert Minnis, had sold the National Insurance Board’s (NIB) entire portfolio of American stocks. Bell, never one to shy away from drama, described this like he was unveiling the location of the Holy Grail.

Bell revealed that in 2020, NIB offloaded shares in giants like Apple, Microsoft, Amazon, and Cisco. His shock was palpable, pausing repeatedly during his speech—perhaps to catch his breath from all that theatrical gasping.

But here’s where the story takes a nosedive. Bell’s big revelation, meant to scandalize, fell flat because he conveniently left out the context. He provided just enough to intrigue but not enough to inform. Some might call it lying; we will politely label it as selective storytelling.

Enter Governor Rolle’s remarks from May 2020, which provided much-needed context. The Central Bank was grappling with maintaining foreign reserves and the fixed exchange rate. Tough decisions had to be made, including selling assets to stabilize the economy. The goal was clear—position The Bahamas for a swift recovery once tourism, the economic backbone, bounced back.

The PLP, however, seems more interested in Monday morning quarterbacking than acknowledging the tough decisions made for the greater good. Their narrative, fixated on what the shares might be worth today, misses the crucial point of why they were sold in the first place. It sends a loud and clear message: they would rather harp on hypothetical losses than appreciate the real, tangible gains in economic stability and recovery.

By focusing on the past, the PLP overlooks the essential truth—they’re signaling to the Bahamian people that taking necessary, albeit painful, steps to secure economic relief was a mistake. Their approach? Spectacularly misguided. And so, the PLP fails, as is their nature, to see the forest for the trees. Their nature, it seems, is to miss the point entirely.

END

My Morning Paper – June 20, 2024 – Did Someone said “No Lie Last Forever”?

Alright, folks, buckle up because we’re diving into the latest from the House of Assembly, where the “Honorable” Keith Bell spent nearly an hour on his feet, delivering a scathing critique of the Official Opposition, the Free National Movement (FNM). Now, if you’re thinking this is just another run-of-the-mill parliamentary tirade, think again. Bell took it upon himself to berate the FNM for what he claims was the reckless selling off of all “American foreign assets in National Insurance” back in 2020. Yes, you heard it right, during the height of the pandemic.

Bell was so “behooved”—I love that word, don’t you?—that he stopped just short of explaining why it was necessary to sell these “American foreign” assets and, importantly, who exactly was advising the government at that time. But then again, sound reasoning might just get in the way of a good old-fashioned misrepresentation of the truth. You see, calling members of the Progressive Liberal Party (PLP) liars is a surefire way to rile them up, even when the facts aren’t on their side.

Let’s take a trip back to May 2020, shall we? According to The Nassau Guardian, the National Insurance Board (NIB) began identifying which of its foreign assets to liquidate as part of stringent austerity measures. This was to safeguard the foreign reserves, as requested by the Central Bank of The Bahamas, to navigate the perilous economic crisis brought on by COVID-19. NIB Director Dr. Nicola Virgill-Rolle mentioned that the board was figuring out how to meet this mandate without straining the fund’s resources. The plan was to target the lowest-yielding assets to maintain liquidity, crucial for paying unemployment benefits at a time when the country’s economy was in dire straits.

So, the foreign investments by the National Insurance Board were essentially a support mechanism for the country’s reserves. By the end of 2019, these external reserve balances had jumped by an impressive 46.7% to $1.7 billion.

But if you followed Minister Bell’s narrative, you’d think the FNM was selling off these assets willy-nilly, just for kicks, with no good reason or advisement. In reality, this was a strategic move under the guidance of The Central Bank of The Bahamas, aiming to raise funds for critical social services during an unprecedented economic shutdown.

Now, I have to wonder if Minister Bell realizes that his version of events is, in fact, misleading Parliament and the people.

Is it any surprise that a minister from the Progressive Liberal Party (PLP), who has already weathered controversy, was chosen to deliver this dirty task?

 Survived one scandal, why not test if he’s “bulletproof” with another, right?

And there you have it, folks. A perfect example of political theater at its finest. Don’t you just love it?

The Progressive Liberal Party (PLP) fails for one reason, it is their nature.

END

My Morning Paper – June 18, 2024 – THE NUMBERS DO NOT LIE THOUGH

Ah, the Deputy Prime Minister, Chester Cooper aka “Morocco Mole” , graces us with another dazzling display of either gross misunderstanding or deliberate political gymnastics. Let’s break this down, folks.

Opposition Leader Michael Pintard dared to point out that, despite a surge in tourism, the country’s economic growth remains lackluster. What does “Morocco Mole” do? He dismisses it as “utter nonsense,” but in doing so, he unwittingly confirms the very point Pintard is making.

“Morocco Mole” boasts about a 17% increase in stopover arrivals last year, a 3.5% growth in the first quarter of this year, and air traffic to Grand Bahama surpassing pre-Hurricane Dorian levels. Impressive stats, but let’s not miss the forest for the trees. Pintard’s argument hinges on the distinction between visitor numbers and actual economic impact. And here’s where the spin gets dizzying.

“Morocco Mole” flaunts high hotel occupancy rates, the reopening of the British Colonial Hotel, and booming Airbnb business. All well and good, but Pintard’s critique is razor-sharp: the government’s own projections show economic growth sliding from 5.5% in May 2023 to a mere 1.1% by December 2023. So, despite the fanfare of record visitor arrivals, we’re missing revenue targets by a staggering $200-$300 million.

Visitor numbers up, economic benefits down. How does”Morocco Mole” respond? By accusing Pintard of making things up, of course. “He completely made that up,” “Morocco Mole” declares, yet provides no substantial evidence to counter the crux of Pintard’s argument. Instead, he doubles down on the cruise passenger growth narrative, ignoring Pintard’s pointed observation that cruise visitors spend a paltry $75 each onshore.

And the pièce de résistance: “Morocco Mole” claims the need for more hotel rooms to meet demand, suggesting that perhaps Pintard was “too shell-shocked at our successes” to understand. Ah yes, the old “you’re just jealous of our achievements” line. Classic.

“Morocco Mole’s” defense boils down to this: “We’re seeing more tourists, so everything must be great!” But without addressing the tangible economic benefits—or lack thereof—his rebuttal is as thin as a paper-thin hotel brochure.

In the end, we’re left with “Morocco Mole’s” bluster and Pintard’s inconvenient truths. The numbers don’t lie, but they can be very, very misleading when wielded by a seasoned politician. So,”Morocco Mole” we see your visitor stats and raise you a hard look at the economy. Who’s really spinning the “utter nonsense” here?

It’s simply amazing that the New Day government would attempt to use the numbers to prove a lie when the numbers do not lie.

The Progressive Liberal Party fails for one reason, it is their nature.

END

My Morning Paper – June 15, 2024 – The [SALE] of BPL

Today we will look into a story that’s raising more than a few eyebrows and leaving us with a lot more questions than answers. The New Day government promises us a grand total of thirty-eight dollars and thirty-three cents in annual savings. Yes, you heard that right, folks—thirty-eight dollars and thirty-three cents. While we appreciate every penny, we can’t help but scrutinize the details behind this so-called fantastic deal. And, let me tell you, those details are murkier than water in an outhouse on a sweltering summer day.

Let’s turn to a recent article from The Nassau Guardian. The headline reads, “BPL in the midst of privatization.” Opposition Leader Michael Pintard has some strong words on the matter. During the 2024/2025 budget debate, Pintard declared, “It is clear from the information provided by the government that Bahamas Power and Light (BPL) is in the midst of being privatized. BPL, by whatever name you wish to call it, is in the midst of a privatization exercise.”

Pintard goes on to reveal that the government has, rather slyly, introduced a privatization process under the guise of something else during the budget debate. Back in March, the prime minister assured us that BPL would not be privatized as part of their reform plan. Yet, just three months later, reports emerged, and the Minister of Energy confirmed, that $100 million worth of sovereign assets are being transferred from state control and ownership to private control and majority ownership for a quarter-century or longer.


So, let’s ask the obvious question: if $100 million of sovereign assets are being transferred for 25 years or more to private control, doesn’t that constitute privatization?

And here’s another pressing question: if the government is in the process of transferring BPL’s transmission and distribution network, retaining only 40% ownership of the new entity, what happens to the BPL employees who currently maintain these networks? Will they be seamlessly transferred to the new company, or are their jobs at risk?

And also, who will truly control BPL for the next 25 years?

The Progressive Liberal Party (PLP) has historically criticized the Free National Movement (FNM) for what they consider the disastrous sale of the Bahamas Telecommunications Company (BTC). But now, it appears the PLP might be on the brink of making an even more colossal mistake, all while trying to convince us otherwise.

So, yes, we are grateful for the promised savings of thirty-eight dollars and thirty-three cents. But we must question what we stand to lose in this bargain. Is it really worth it?

Stay with us as we continue to unravel this complex and concerning issue.

The Progressive Liberal Party (PLP) fails for one reason, it is their nature.

END


END



My Morning Paper – June 08, 2024 – A Painful Lesson

Alright folks, let me hit you with a question that’s been bugging me for the past two and a half years: how have the economic initiatives by the New Day Progressive Liberal Party (PLP) helped the average working man? Spoiler alert: it’s not looking good.

Now, they thought it was a brilliant move to reduce Value-Added Tax (VAT) across the board. Sounds good, right? Until they sneakily added VAT to items that were once untouchable—like breadbasket items and medication. Yep, they’re taxing your bread and your meds, folks. Real progressive.

For two and a half years, I’ve been trying to get an answer. Nothing. Radio silence. But then, this past Thursday, we got a gem of a headline: ‘PM: We had little success on inflation.’ You don’t say.

In this article, Prime Minister Philip Brave Davis admitted that the government’s policies since 2021 have had ‘little success’ in driving down the high cost of living. But hey, they’re still ‘attacking’ the problem from several angles. It’s like watching someone try to fix a leaky boat with a roll of duct tape and a prayer.

Davis said, and I quote, ‘Since our first budget in 2021, we have introduced a number of measures designed to reduce the cost of living, but they have had little success in producing reductions in prices to the consumer.’ Gee, thanks for the update, Captain Obvious.

He also added, ‘It is clear that something more structural is at play.’ Translation: ‘We’re out of ideas and we’re just hoping something sticks.’

Look, I’m no economist, but even I knew these initiatives weren’t going to bring down the cost of living during high inflation. You need real measures to offset rising costs. Any economist with a pulse could’ve told you that. Now, we’re right where everyone predicted: nowhere good. And the most vulnerable among us? They’ve been catching hell learning this unnecessary lesson from the New Day government.

But wait, there’s more! This is the same Minister of Finance who then tried to criticize the leader of the opposition, the Hon. Michael Pintard, for ‘errors in analyzing his new budget.’ You just can’t make this stuff up.

The Progressive Liberal Party (PLP) fails for one reason: it’s in their nature.”

My Morning Paper – May 21, 2024 – Back To [Scheduled Maintenance] Load Shedding

While the Progressive Liberal Party (PLP) New Day government was supposed to be improving on the
works being carried out by the previous Free National Movement (FNM) administration at Bahamas
Power and Light (BPL); it would appear that the minister charged with the responsibilities was busying
himself with misleading the public as to how and why he made their live much worst and difficult.
“Sears admits misleading House on BPL fuel hedge” – The Nassau Guardian
Excerpt from this article;
“• Confirms briefed on critical trades on October 9, 2021

  • Says Ministry of Finance advised against execution
  • Pintard: ‘No amount of grease’ will get Gov’t off hook
    A Cabinet minister yesterday admitted misleading Parliament by initially denying he was briefed on
    the Bahamas Power & Light (BPL) fuel hedging controversy that will allegedly cost households and
    businesses over $100m.
    Alfred Sears KC, minister of works and utilities, confirmed that on October 9, 2021, he received a
    briefing on the rationale for executing transactions, known as “call option” trades, that would enable
    BPL to acquire additional cheaper fuel at below-market prices and thus keep its fuel charge – and
    overall electricity bills – relatively low with stable rates.
    The minister, who had previously told the House of Assembly on several occasions that he never
    received any such advice or recommendations, added that he forwarded the e-mail briefing and
    attachments to the Ministry of Finance and its financial secretary, Simon Wilson, for their assessment.
    Describing this as “normal” procedure for any major financial or spending decision facing the
    Government, Mr. Sears said Mr. Wilson recommended that the trades – which would have supported
    the initial BPL fuel hedge implemented in summer 2020 by increasing the utility’s stock of cheaper fuel
  • not be executed.
    The minister added that despite BPL’s then-Board and management trying their “hardest to persuade”
    the Government to proceed with the oil purchases, the financial secretary’s advice won the day and
    the trades were never executed. Mr. Sears did not explain why the Davis administration took the
    Ministry of Finance’s position over that of the former BPL Board and management, which had been
    responsible for implementing the fuel hedge in summer 2020.
    Mr. Wilson, too, declined to comment when contacted by Tribune Business to explain the justification
    for not proceeding with the trades (see other article Page 1B). However, under the Westminster
    system of government employed by The Bahamas, it would be virtually impossible – and highly
    irregular – for a civil servant such as the financial secretary to make the key decision on a matter
    involving sums reaching into the tens of millions of dollars.

https://www.facebook.com/AdrianRamseySays
While Mr. Wilson and the Ministry of Finance would have submitted advice and recommendations,
the decision on whether or not to proceed with the fuel hedging trades would almost certainly have
been taken at the policymaker or ministerial level by either the full Cabinet or a Cabinet committee
based on the briefings received.
Thus it should have been the Prime Minister, Mr. Sears and their Cabinet colleagues ultimately
making the judgment call, which their political opponents claim will cost Bahamian businesses and
households a combined $100m over the course of 2023 via soaring electricity bills that need not have
been incurred if the fuel hedging trades were executed.
The fuel charge component of BPL bills is set to increase by up to 163 percent compared to the stable
10.5 cents per kilowatt (KwH) enjoyed by the utility’s customers for the just over two-year period to
October 2022. Without the cut-priced fuel produced by those trades, BPL had increasingly been
purchasing its oil at spot market prices from late 2021 onwards but not passing the full cost on to
customers – in contravention of the Electricity Act regulations – for some months.”
Now we have a new minister in charge of this ministry but as with the “New Day, Same Old Ways”
trend that the Progressive Liberal Party seems to be sailing along as a government, there seems to be
a further downward trend in at the quasi-government corporation.

“BPL fails to meet demand” – The Nassau Guardian
Excerpt from this article; “Residents on New Providence were plunged into darkness over the
weekend after Bahamas Power and Light (BPL) was unable to meet electricity demand.
On Saturday, BPL started load shedding after an “unprecedented” demand for power, soaring
temperatures, the loss of a 25 megawatt generator and the unavailability of about 25 MW of rental
generation due to planned maintenance and other issues, officials said.
“BPL was able to return its unit to service shortly after 6 p.m. on Sunday, but with load demands
exceeding projections by 20 MW, there remains a shortfall resulting in load shedding during peak
hours in New Providence,” the company said yesterday.
“BPL is presently working with its rental generation partners to return at least 10 MW of power to the
grid within the next 24 hours and another 10 MW should be available by the end of next week (May
25, 2024).
“Additionally, BPL is working to return three units that are offline due to scheduled maintenance by
the end of the month. These units will add 59 MW to the current capacity.”
BPL said load shedding remains a possibility if unforeseen incidents impact available capacity at its
plants and if temperatures continue to hover over 100 degrees Fahrenheit, increasing demand.
BPL’s Senior Manager for Corporate Communications Arnette Ingraham said yesterday the load
demand for May is “unprecedented”.

https://www.facebook.com/AdrianRamseySays
Upon taking charge of the responsibilities for Bahamas Power and Light (BPL), the new minister
promised lower electricity rates by the summer. Now some would argue that it is not officially
summer yet; while others would argue that the minister actually meant that she would lower your
rates though load shedding; yes, it seems that we have begun load shedding but this NOT what we
expected from this New Day government and the question now becomes; exactly what are they doing
and do they even know?
In April of this year the New Day government introduced the Electricity Bill that and I quote “Energy
bill opens door to BPL move”, move to where exactly?
Let us apply some logic here as there a few things that this New Day government should have known.
Some things that this government should have known coming into office; is that BPL was operating at
a lost, this is why the previous administration had upgraded the generators and were seeking to move
to LNG as a less expensive source of fuel.
This administration should have known that though climate change our summer were getting hotter,
our traveling Climate Czar Prime Minister Philip Davis should have been quite aware of this fact, so
why were we not prepared for the recent heat wave and seem to have to resort to load shedding?
So here we are, back to load shedding.
From my understanding the plan at BPL with the new generators was that only one should be off-line
at any given time for scheduled maintenance because there was sufficient power from the other
generators to “pick up the slack” but it would appear that three were or are offline at one time for
“scheduled maintenance” and we still do not know if these are the new generators or not but my
“sources” deep within BPL has informed me that once the maintenance contract was terminated by
the New Day government, one of the new generators was taken offline for “scheduled maintenance”
and has not been able to be put back online; maybe someone at BPL can verify the veracity of this
information.
It now appears that we have returned to the early days of the Minnis administration, when the
country wanted the Hon. Desmond Bannisters head on a platter for how unreliable the power supply
was.
It would appear that some point during his tenure as the minister with responsibility of Bahamas
Power and Light, the electricity supply was brought to some sort of normalcy, and then the New Day
(PLP) government happened.
First there was the admission by Minister Sears of misleading Parliament regarding the fuel hedging
controversy raises concerns about transparency and accountability within the government. The
decision-making process surrounding such significant financial matters should be clear and well-
informed, particularly given the potential impact on households and businesses.

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Then, the failure of BPL to meet electricity demands, resulting in load shedding which only highlights
operational issues within the utility company and he inability to cope with increased demand,
especially during periods of high temperatures, underscoring the need for robust infrastructure and
planning to ensure reliable power supply.
Furthermore, the introduction of the Electricity Bill by the government raises questions about their
plans for the energy sector, particularly regarding BPL’s future direction. The lack of clarity
surrounding this bill, coupled with the ongoing challenges faced by BPL, creates uncertainty about the
government’s strategy for addressing energy needs and reducing electricity rates.
The Progressive Liberal Party fails for one reason; it is their nature.
END