Epunchng - Most read newspaper in Nigeria Sunday, August 13, 2017 - Page 11

business news August 13, 2017 11 Electricity theft may attract N200,000 in fines Okechukwu Nnodim N igerian Electricity Regulatory Commission is considering a request by one of the existing 11 power distribution companies to increase the penalty for electricity theft from N50,000 to N200,000. This is coming as the commission has said the indebtedness of Discos is a major reason why they often reject part of electricity allocated to them by the Transmission Company of Nigeria. According to NERC, most Discos were heavily indebted to the Nigerian Bulk Electricity Trading Company Plc, a development that has adversely affected the sector. The two issues were contained in the latest minutes of the 17th power sector stakeholders meeting, which was the most recent meeting of operators in the industry. The document obtained by our correspondent in Abuja on Friday showed that NERC had agreed to look into the request to increase Energy the amount to be paid in fines for electricity theft from N50,000 to N200,000. An official of Jos Disco also reportedly told the gathering that the firm’s collaboration with the Department of St FR6W'f6W2@FW"6V7W&GvV6W2BBf`2VV7G&6GFVgBFVR7FFPBG&7F6ǒ&VGV6VBFRff6FVBFBfW #v&fR7V&G26VFp6'&FP&v6F0@FfGV2B&VVFVFfVB@V6VB66&FvǒFFpFBFRVV7G&6GFWfW2vW&PFRFFR7VbS0VG&Vf&R&Vr&V6V7FVBFR֖WFW27FFVBFBFPff6( VVBFBFRVG&R7&V6VBF#F7W& FRV6RbVW&wFVgB@FVBFB2vW&RVFW'vFWFVBFRFFfRFFW"7FFW0vFG2g&66R&V( U$2w&VVBFBFPSVGv2BVVvB&֗6VBFFFP( &V7Vv&VGV6R&WF&VW>( V60斶RPW'G2BW&F'0bFR6G&'WF'V666VRfP6BFB&7W'&VFǒ@FRF76V&ǒv62F7&V6RFRV7VЧFB&WF&VW26vFG&r@&WF&VVBvF&R&ЧFvBFvW&&WF&VW266&FrFFRWW'G2FRfRvVBǒvfRFP&WF&VW2&vvW"6VbFPV6WFWW7@fR6fVBGW&rFV"7FfPV'2'WBvVB&WfVBFVЦg&vWGFr&VwV"@7V'7FF6RFB6V@7BFVf"FR&W7BbFV ƗfW2vV&WF&VB6VF"ƗRv&W&W6VFr6F'FB76&VBFR&v66VvBF72FR&( FgW'FW"VBFRV6&Vf&7B#BF&fFRf FVfFRW&6VFvR&WF&VP6vFG&rg&2%4Bf"FW"GFW'2&VFV@FW&WFगB6VvBFW&֗B&WF&VW0FvFG&rFVfFR&FPbsRW"6VBbFRfVR`FV"&WF&VVB6fw2W&WF&VVBVfrǒ#RW 6VBF&R7&VBfW"FV WV7FVBV'2b&WF&VVB0W&F2V6VBFR&wVVG2WBf'v&@'FR76"bFR&6VFPFRf7BFBFR7W'&VBV7VWG2&RB7Vff6VCBFBB2FR6G&'WF'>( 6fw26FW6VBfRFP&vBF66W72FR'VƲbFPgVG2B&WF&VVB66&FrFFRV6gV@F֖7G&F'2FP&V7FfRbFR6G&'WF'V666VR2F767@&fFVBFfGV2'V7W&rFBFW6fR&FW F6FW"f"FV"ƗfVƖ@GW&rBvRFRW&F'26B( FP&6VBVFVBvV@VVfrǒ#RW"6V@F&R7&VBfW"FRƖfW7`FR&WF&VRv6&RvW F#V'2FW2vfpVw&RFǒV60&VrFR7W'&VB&W6VV@&Fb֖VbSW 6VBb7BV6( ėB2FV'FgVbFR#PW"6VB&6R&WF&V^( 0%4gFW"FVGV7FbsPW"6VBV7VvVB`7&VBF&VvFR&WF&V^( 0WV7FVBƖfW7&RFWVFPF&V6&ǒ6FW"f"0ƗfVƖBGW&rBvR( ХvRFrFBFRsRW 6VBv2BFR'VRFR50v&GvFRFRWW'G26@&WF&VW26VB&V6RF&vWG0f"V67'WVW2'W6W70'GVFW2( Ėf7B&WF&VW2v&Pf&6VBF&WGW&F7FfRƖfP&FW"F&WF&VVBFW&V'&VGV6rFV"ƖfRWV7F7( Цff6bRbFRd06BGFW"B&W'B&6FP6֖rvVV( FRF7VV@7FFVB6V"ff6bU$26&W'FVFǒFB'F6G2BFPvFW&rFBFRFV'FVFW72`F662BWGv&66G77VW0vW&R6RbFR&V62vFPvW"F7G&'WF'2gFV&VV7FV@VV7G&6GB6FVBFFVFRF7VVB7FFVBFBFPff6( ƆvƖvFVBf7F'2F@ffV7BFRF66>( &ƗGFfbFP&RB( ĆRFRU$2ff6’FV@FB66G77VW232`WGv&2BFR7BbV@&6W2FRF662&6P6VWG2vW&R6RbFR 6W6W2bVWFƗ6VBvW"( ХvW"F7G&'WF6W0gFV&VV7BVV7G&6GB6VBFFV'FRD4FW7FRFR 7WǒbVV7G&6G7&72FP6VG'f"7F6R&6F2V"FR&VV7FbVV7G&6G'6PvW"F7G&'WF6W2V@FFR66Rb&WB6GW&&W06FVBf&W2vW"G07&72FR6VG'FVvFR66RBFPFRv2FV&'6RbFPGW&&W2fFw26vVBFBFP&VgW6bvW"B6F'F662&W7VFVBVffW&&Pvg&WVV7FRFvW"w&BF2FWfVVB6FPFRG&6֗766F6vW"vVW&Ff&2F&VGV6PFRVGVbFRVV7G&6GFWvW&RvVW&FrGW&rFBW&BFP6֗76( 0&W&W6VFFfRBFRVWFr67FFVBFBU$2vVBVvvP$UBFfBv2'v6FPF6626VBG&r&RFFV VFV"F&fb&FW"6F0vVWfW"VWFƗ6VBvW"v0f&RFRw&Bf"FV 7W7FW'2"VƖv&R7W7FW'2U$266&FrFFP֖WFW26&V6VFVBF@FRD46VBR&&FPfW7FVBG2WGv&2&FW FFG&W7266G6VvW06G&'WFrFB&VV7F'F6623rf&2&Bf""&V&ƗFFखfRwVgWv@RvW&7FGWFPf"6Vw&@&R&W6V&6623pf&2fR7V&֗GFVB&G2f FR&V&ƗFFbG2f6ƗFW27VrBFR&BVpf"&V7G2BFR"v2FR6Vb&7W&VV@ff6W"bFR7FGWFR'2vW2F6BFBFR&G0f"FR&WVW7Bf"&60vW&P7V&֗GFV@f FP&7W&VVBB67G'V7Fbf6ƗFW2BFR7FGWFR66&FrFW"F&VPf&2fR6vFW&W7BFP7Wǒb6WFW'22'B`FRf'7B&V7BvRGvFW f&27V&֗GFVB&G2f"FP7Wǒb6W2vRFFbfW 6W27V&֗GFVB&60f"FR&V&ƗFFbFP7FGWF^( 26&F6W'Pf&26vVBFW&W7BFP67G'V7Fbf&W6Rb&2FVf&27V&֗GFVB&G0f"FR&VfFbFRf6FV6wff6R6W@f&2f"FR67G'V7F`W&WFW"fV6RB&F&RF6B( FW&R&PGv6FVv&W2b&V7G2F@vRVVBFFFRf'7@R27Wǒ6FVv'FPWbF&VRG2VFW"FP67G'V7F6FVv'vRfP&FPFR&V&ƗFFb6&F6W'W&WFW"fV6r( Ф66&FrFW"FRVV@&62v&RWfVFVB f FRFV6666GbFPf&2FFrFB6RbFV 62v&RfW&fVB6R6B( f"F27FvRvRvBF6VRFV"FV666&ƗGFWvvfRW0WfFV6RbFV"62BW 66W&2&Vv&FrFR60v&RfW&fVBgFW"F27FvRvRvfRFFRf62vWfW"26'FƗ7FVBBF07FvRv&RfFVBBvP&RvrFVFRf67V&֗76f"F6RVPv&RB6VV7FVBvRv&WGW&FV"f67V&֗76FFVVVVB( ФFFFVBFBFPf6W7FFRbFRf&0vVB&R6&VBvFFPVFFbFR7FGWFR0'BbFRf676W76V@7FvRFRWV7WFfRF&V7F""G"v&FRvv2&W&W6VFVB'G"FW6FVv&R&V6FV@FR&W&W6VFFfW2bFRf&0f"6vr&FW&ƖW72GW&pFR&6VGW&RBW&vVBF6PvvVBB&R6VV7FV@gFW"FRWfVFBF&PF66W&vVB