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RIC approves $6B in questionable costs
Posted: Friday, April 26, 2024
RIC approves $6B in questionable costs for T&TEC
The Regulated Industries Commission (RIC) approved expenditure for the Trinidad and Tobago Electricity Commission (T&TEC) that is around $6 billion higher than historically justified between 2024 and 2028. If the Cabinet approves the final determination as it stands, this $6 billion in additional expenditure could be passed directly to electricity consumers over the next five years.
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