Sarah MacDonald, President & CEO of Grand Bahama Power Company spent her second week at the helm, meeting members of the Grand Bahama Chamber of Commerce on Wednesday. MacDonald took the time to share with the filled room her experiences since her arrival on island, as well as discuss some of the company initiatives for the island. Photo: Erik J. Russell
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Freeport, Grand
Bahama – Sarah MacDonald, President & CEO of Grand Bahama Power
Company spent part of her second week at the helm meeting members of
the Grand Bahama Chamber of Commerce on Wednesday. MacDonald,
who was making good on a promise to speak at the Chamber, took the time
to give the filled room her take on events since her arrival on island.
Noting that protestors
and a Category 3 Hurricane heralded her arrival she felt she had been
on a lightning speed learning curve about GBPC. “The hurricane
allowed me to work along with my staff and I must say I was impressed
with their work efforts and their care to get the customers back on
line.”
MacDonald took the
time to review both GBPC’s and its parent company Emera’s goals
for the future. She showed how temporary generation brought
on the island to improve reliability has now cut outages by 50% and
updated the Chamber members on the new $80M power plant being built
on West Sunrise, already employing 45 Bahamians.
Looking forward MacDonald
said she had just finished a meeting about alternative energy possibilities
here in Grand Bahama. “My meeting was a review of preliminary
results which we still need to research,” she said. “Wind
is looking to be a viable option but natural gas is also a very strong
possibility but not anything we have committed to yet. I hope
to have more information in a month and I will share that with all our
customers.”
The CEO also reviewed
billing procedures for GBPC customers, showing charts comparing annual
base rates to fuel surcharges as well as current fuel usage. “I
am very sympathetic to the concerns and comments we hear about our billings.
We are working to improve our generation but I cannot control world
oil prices which affect every one of us.”
MacDonald reiterated
to members that GBPC makes no profit on fuel surcharges. “This
is a direct pass through cost that was set up by our regulator,” she
said. “It is a typical power company structure for billing,
other companies in our portfolio use a similar structure like Nova Scotia
Power and Barbados Light and Power.”
She went on to show
how the summer demand has increased fuel usage, most especially in July,
but noted that August surcharges will be lower and this reduction would
be seen in the new billings. MacDonald also gave an update on the Hurricane
restoration and explained that some of the delayed outages and problems
were due to continued copper theft. “When trying to reenergize
the Queens’s Cove area we discovered we had lost over 500 feet of
copper, another set back created by thieves hurting our system and costing
us $$$ in repairs.”
After her presentation
MacDonald took questions from the Chamber attendees who were keen to
query the new CEO. MacDonald addressed all concerns and discussed
her desire to improve relations with customers and be more pro-active
in communications with them. Ending the meeting Chamber President
Peter Turnquest thanked Mrs. MacDonald for her attendance and Chamber
Director Chris Baker presented her with a thank you plaque from the
Chamber.