{"id":32649,"date":"2013-03-06T23:00:07","date_gmt":"2013-03-07T04:00:07","guid":{"rendered":"http:\/\/www.bahamasb2b.com\/news\/?p=32649"},"modified":"2013-03-06T23:01:11","modified_gmt":"2013-03-07T04:01:11","slug":"daguilar-tariff-caused-100m-to-pour-out","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2013\/03\/daguilar-tariff-caused-100m-to-pour-out","title":{"rendered":"D&#8217;Aguilar: Tariff Caused $100m To &#8216;Pour Out&#8217;"},"content":{"rendered":"<p><a href=\"https:\/\/www.bahamasb2b.com\/news\/2013\/03\/daguilar-tariff-caused-100m-to-pour-out-32649.html\/d-aguilar\" rel=\"attachment wp-att-32650\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-32650\" title=\"d-aguilar\" src=\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2013\/03\/d-aguilar.jpg\" alt=\"\" width=\"200\" height=\"150\" srcset=\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2013\/03\/d-aguilar.jpg 200w, https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2013\/03\/d-aguilar-150x112.jpg 150w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><\/a>Dionisio D\u2019Aguilar, a former Bahamas Electricity Corporation (BEC) director, recently blasted the first Christie administration for the basic tariff reduction that caused \u201c$100 million of equity to pour out\u201d of the utility.<\/p>\n<p>Warning that the monopoly electricity supplier was \u201csteadily imploding\u201d, Mr. D\u2019Aguilar told Tribune Business that despite BEC requirements to \u201csignificant structural and traumatic reform\u201d, this was never going to happen due to constant \u201cmeddling\u201d by rival political parties.<\/p>\n<p>Stating that nothing was done to provide for the \u201chuge drain\u201d this caused on BEC\u2019s cash flow, Mr. D\u2019Aguilar claimed to be \u201cstunned\u201d at the scale of the Corporation\u2019s losses.<\/p>\n<p>\u201cI left that Board eight-nine months ago, and we were looking at making nowhere near that loss, if a loss at all,&#8221; Mr. D&#8217;Aguilar said. &#8220;I\u2019m just shocked that it\u2019s so significant. But BEC is in a terrible condition.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dionisio D\u2019Aguilar, a former Bahamas Electricity Corporation (BEC) director, recently blasted the first Christie administration for the basic tariff reduction that caused \u201c$100 million of equity to pour out\u201d of the utility. <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[3],"tags":[90,1323,1324],"class_list":["post-32649","post","type-post","status-publish","format-standard","hentry","category-business","tag-bec","tag-dionisio-daguilar","tag-tariff-reduction"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/32649","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=32649"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/32649\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=32649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=32649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=32649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}