This Preliminary Determination document accordingly sets out, and invites comments, on the guidelines and rules

that should be applied to accounts separation in The Bahamas electricity sector. These rules align with the intent

provisions of the Electricity Act, 2024 Amended (the EA) and the Public Electricity Suppliers Licences (PESL &

APESL) under which the Public Electricity Suppliers operates. Conditions 53 and 54 of the PESL and APESL stipulate

that the Public Electricity Supplier (PES) shall maintain separate and distinct accounts for its transactions in

generating, transmitting, distributing, and supplying electricity. Furthermore, the Licence specifies that the PES

shall, within a specified period, by URCA:

a) Prepare and maintain accounting records in a form that enables the activities of any business unit

specified by URCA to be separately identifiable; and

b) Maintain accounts according to internationally comparable standards and prepare them according to

rules approved by URCA.

c) Prepare and maintain accounting records in a form that enables the activities of any business unit

specified by URCA to be separately identifiable; and

d) The accounts shall be maintained according to internationally comparable standards and prepared

according to rules approved by URCA

Full PDF can be found below:

ES 01/2025 Regulatory Accounts Guidelines for the Electricity Sector – Preliminary Determination