Framework for Investment in Energy Infrastructure in Bermuda

We are assisting Ascendant, BELCO, and other Ascendant companies with preparing comprehensive legislation, implementing regulations, and related materials for consideration by Ascendant and other stakeholders within Bermuda, in order to create a legal, regulatory, and publicly accepted framework that will support necessary investment in energy infrastructure (including renewable generation and a proposed LNG import facility, to permit gas-fired power generation), demand-side management, a significant roof-top PV program, and related efforts to diversify BELCO’s generation portfolio, and stabilize customer costs, while maintaining a robust and reliable system and without triggering further retail price hikes that would be politically infeasible.