Government’s proposed umbrella regulator the Utility Regulation and Competition Office gets the green light in the LA.
It was one of 29 total bills that have passed so far in this meeting of the House.
Legislators approved the bill Wednesday (October 19) night, bringing Cayman’s utilities under one regulatory body. Planning Minister Hon. Kurt Tibbetts says the new entity will streamline regulatory services for all utilities.
East End MLA Arden McLean, himself a former Planning Infrastructure Minister, says he supports the bill.
He says the creation of a utility commission was something he sought to do during his tenure after negotiating CUC licenses.
“I wanted to do a Utilities Commission which would encompass the same thing as the minister is currently doing, I welcome it and yes, it is a Bucket list of mine. It is one of the greatest political regrets I will have that I could not get it done,” Mr McLean says.
The change means that the Electricity Regulatory Authority, the Information and Communication Authority and the Water Authority will be dissolved and their powers transferred to the new entity.