THE Jamaica Public Service Company (JPS), has appointed Kelly Tomblin as the new president and CEO of the light and power company effective today.
The appointment comes almost four months after Damian Obiglio
THE Government is to get a US$995,000 ($86.6 million) dividend payment from Jamaica Public Service Company (JPS) in two weeks.
The light and power company notified the Jamaica Stock Exchange (JSE) that its board approved a final ordinary dividend payment of US$5 million payable on April 16, 2012.
The Government, through the Accountant General
Rising gasolene prices have become a campaign issue in America, as speculation about tensions in the Middle East has exerted pressure on oil prices.
Contenders for the Republican Party nominee are promising to cut America’s dependence on foreign oil, exploiting the emotional response of United States (US) consumers to the threat of high fuel prices.
Meantime, Jamaican consumers are feeling the effects of the jump in gasolene prices and the fuel charge on electricity bills.
The possibility that high gasolene prices could become a threat to President Barack Obama’s re-election campaign is felt to have influenced what was rumoured to be a possible release of oil from the strategic petroleum reserve by the US and United Kingdom (UK). These rumours followed reports that in their recent meeting, President Obama and UK Prime Minister David Cameron had agreed to a release of oil in the summer. Putting additional oil on to the market would, presumably, halt or slow down the uptick in prices.
Since January, oil prices have jumped more than 15 per cent, and it is feared that further increases will choke
Jamaica Public Service Co. building in New Kingston -File.
Livern Barrett, Gleaner Writer
After months of mounting criticism about the high cost of electricity, the Jamaica Public Service Company (JPS), will today outline plans to reduce energy costs.
The announcement will come at a press conference scheduled for 10 a.m. today, at the company