Section 4

The Belize Electricity Limited (BEL) may, subject to the Conditions of its Licence, levy such Tariffs, Fees and Charges for the provision of electricity services not covered in the Schedules or in any Final Decision issued for any previous Review Proceeding, as contained in any service agreement approved by the Commission by Order made by the Commission. Schedules. MADE by the Public Utilities Commission this 30th day of January, 2012. (JOHN P. AVERY) Chairman, Public Utilities Commission __________ 22 Public Utilities Commission SCHEDULE I [r.2(1)(a)] 42723,693 11,305,509 38299,326 11949,390 3063,946 -204,323 Jun 09 42492,624 10378,273 35389,806 11041,619 2831,184 -169,378 May 09 39631,452 32943,913 10278,501 8255,860 2635,513 -122,796 Apr 09 36131,115 29229,355 6482,265 9119,559 2338,348 Mar 09 -73,040 32338,026 29801,327 6293,117 9298,014 2384,106 -19,150 Feb 09 35633,607 30754,337 6586,243 9595,353 2460,347 Jan 09 35,545 CPRSA Reconciliation – July 1, 2008 – June 30, 2009 36071,792 31018,343 5626,869 9677,723 2481,467 100,868 Dec 08 Belize Electricity Limited (BEL) 33780,964 31865,697 5499,453 9942,097 2549,256 170,787 Nov 08 37075,721 34922,925 10895,953 6319,069 2793,834 244,494 Oct 08 40016,337 38112,341 11891,050 7597,126 3048,987 317,923 Sep 08 42561,683 10634,822 37574,999 11723,400 3006,000 Aug 08 358,869 37170,315 0.312 41990,133 12663,943 35579,947 11100,943 2846,396 371,703 Jul 08 Cost of KWHrs Purchased and Generated - $ KWHrs Purchased and Generated - KWHrs Revenue Associated with KWHrs Sold - $ CPRSA Balance as at July 1, 2008 - $ Interest on CPRSA Balance - $ Reference Price of Power - $ KWHrs Sold - KWHrs CPRSA Recovery - $ Month/Period Public Utilities Commission 23 SCHEDULE II [r.2(1)(b)] 405492,316 34872,339 Totals 38299,326 3293,742 Jun 09 35389,806 3043,523 May 09 32943,913 2833,177 Apr 09 29229,355 2513,725 Mar 09 29801,327 2562,914 Feb 09 30754,337 2644,873 Jan 09 31018,343 2667,577 Dec 08 31865,697 2740,450 Nov 08 34922,925 3003,372 Oct 08 38112,341 3277,661 Sep 08 177985,349 188146,337 194807,829 192314,070 -10160,988 37574,999 -1327,555 54030,875 19631,387 34399,488 52166,071 32534,684 -7129,980 3231,450 1864,803 2493,759 Aug 08 -36199,894 35579,947 3059,875 0.086 Jul 08 Corrections Reconciliation – July 1, 2008 – June 30, 2009 Total Corrections for July 1, 2008 – June 30, 2011 - $: Variance (Total Approved less Total Realized) - $: Approved Value Added of Delivery less OPEX- $: Variance (Total Approved less Total Realized) - $: Realized Value Added of Delivery less OPEX - $: Variance (Total Approved less Total Realized) - $ Variance (Total Approved less Total Realized - $: Corrections Associated with KWHrs Sold -$: Corrections – July 1, 2008 – June 30, 2009 Corrections – July 1, 2009 – June 30, 2010 Corrections – July 1, 2010 – June 30, 2011 Approved Value Added to Delivery - $: Realized Value Added of Delivery - $: Approved Tariff Basket Revenue - $: Approved Tariff Basket Revenue - $: Realized Tariff Basket Revenue - $: Realized Tariff basket Revenue -$: Corrections per KWHR sold - $: Total Corrections Approved - $: KWHrs Sold – KWHrs Approved OPEX - $: Month/Period 24 Public Utilities Commission SCHEDULE III [r.2(1)(c)] 329245,963 336846,883 16462,298 19740,703 26031,644 3089,577 2016 319753,639 329245,963 15987,682 26031,644 28273,947 3088,000 2015 314829,202 319753,639 15741,460 28273,947 28862,064 3139,000 Approved Regulated Asset Value (RAV) for Full Tariff Period (FTP) July 1, 2009, to June 30, 2016 2014 306838,341 314829,202 15341,917 28862,064 18747,730 4082,000 2013 307209,223 306838,341 15360,461 18747,730 36081,825 3051,333 2012 Belize Electricity Limited (BEL) 286443,899 307209,223 36081,825 2011 259698,016 286443,899 Regulated Asset Value (RAV) as at December 31/January 1 of each year - $: 2010 259698,016 25025,870 2009 231594,000 250525,870 2008 231594,000 2007 Contributed Capital Work in Progress Starting RAV Depreciation Ending RAV Additions Year Public Utilities Commission 25 SCHEDULE IV [r.2(1)(d)] 567678,167 146047,115 496718,396 2015-2016 0.2940 Approved Cost of Power (COP) and Reference Price of Power for Full Tariff Period (FTP) July 1, 2009, to June 30, 2016 548634,250 136142,062 480054,969 2014-2015 0.2836 530445,549 128285,028 464139,856 2013-2014 0.2764 512921,744 117389,267 448806,526 2012-2013 0.2616 Belize Electricity Limited (BEL) Approved cost of Power (COP)/Reference Cost of Power (RCOP) for each ATP of the FTP: 121808,013 434491,785 2011-2012 501432927 0.2803 487670,308 122571,087 426759,312 2010-2011 0.2872 494753,119 118634,863 427034,056 2009-2010 0.2778 Cost of KWHrs Purchased and Generated - $ KWHrs Purchased and Generated- KWHrs Approved Consumption/Demand - KWHrs Reference Price of Power - $/KWHrs Year 26 Public Utilities Commission SCHEDULE V [r.2(1)(e)] 2015-2016 2015-2016 25879,936 10 12 9 Approved Rate of Return (ROR), OPEX and Gearing Ratio (G) for Full Tariff Period (FTP) July 1, 2009, to June 30, 2016 2014-2015 2014-2015 25623,689 10 12 9 2013-2014 2013-2014 25369,990 10 12 9 2012-2013 2012-2013 25118,802 Belize Electricity Limited (BEL) 0.5 10 12 9 2011-2012 2011-2012 24870,101 10 12 9 2010-2011 2010-2011 Approved Rate of Return (ROR) for each ATP of the FTP - %: 24327,952 10 12 9 Approved OPEX for each ATP of the FTP - $: 2009-2010 2009-2010 21915,768 Approved gearing Ratio (G) for the FTP: 10 12 9 ROR Target Value ROR Lower Limit ROR Upper Limit OPEX Year Year Public Utilities Commission 27 SCHEDULE VI [r.2(1)(f)] 587757,7y64 3178004,900 Totals - FTP 282443,108 946054,402 349896,884 142204,156 498523,354 183781,244 33918,801 68850,214 84574,973 149512,237 496718,369 2015-2016 44207,937 92389,622 54639,024 22352,328 78978,225 10927,805 28809,667 4967,184 9934,368 144496,546 490054,969 2014-2015 42724,892 89290,224 52806,047 21602,047 76328,740 10561,209 27843,188 4800,550 9601,099 139706,097 464139,856 2013-2014 41308,447 86330,013 51055,384 20886,294 73798,097 10211,077 26920,112 4641,399 9282,797 135090,764 448806,526 2012-2013 39943,781 83478,014 49368,718 20196,294 71360,238 26030,778 4488,065 9873,744 8976,131 130782,027 434491,785 2011-2012 38669,769 80815,472 47794,096 19552,130 69084,194 25200,524 4344,918 9558,819 8689,836 124840,419 426759,312 2010-2011 38844,927 79468,794 47081,195 19030,446 64650,014 15525,792 24525,630 3122,115 9669,980 Approved Electricity Sales for each ATP of the FTP – KWHrs: 121626,312 427034,056 2009-2010 36743,355 75985,625 47152,421 18584,191 64323,706 22564,950 24451,345 7554,571 8047,580 10,001-20,000 KWHrs > 20,000 KWHrs 51 – 200 KWHrs 0-10,000KWHrs 0 – 50 KWHrs 0 – 50 KWHrs > 200 KWHrs KWHrs KWHrs KWHrs KWHrs Costumer Class: Commercial Street Lights Industrial 1 Industrial 2 Residential Social Totals Year 28 Public Utilities Commission SCHEDULE VII [r.2(1)(g)] Approved Tariff Basket Revenue (TBR) and Components and Mean Electricity Rates (MER) for Full Tariff Period (FTP) July 1, 2009, June 30, 2016 173106,227 204529,819 105261,158 (30258,599) 48946,549 501585,154 890877,435 0 40975,605 1351486 984 1351486,984 Totals - FTP 4755,435 71574,109 146047,115 0 6268,545 211352,679 25879,926 31975,364 16224,990 (7261,607) 2015-2016 4508,095 70461,274 136142,062 0 6243,561 200359,776 25623,689 31482,920 15864,571 (7018,001) 2014-2015 0.4455 0.4181 4301,491 69111,668 128285,028 0 6219,305 191177,391 2013-2014 25369,990 30683,834 15541,689 (6785,336) 4057,564 68687,302 117389,2676 0 5740,391 180336,178 Belize Electricity Limited (BEL) 2012-2013 25118,802 30720,922 15351,189 (6561,175) Approved Tariff Basket Revenue (TBR) and Components for each ATP of the FTP - $: 13682,745 79669,573 121808,013 0 6009,803 195467,783 24870,101 28644,390 15104,817 (2632,480) 2011-2012 Approved Mean Electricity Rate (MER) – February 1, 2012 – June 30, 2016 - $: Approved Mean Electricity Rate (MER) – July 1, 2009 – January 31, 2012 - $: 24327,952 25969,802 14024,441 0 13636,548 77958,743 122571,087 0 5722,000 194807,829 2010-2011 21915,768 25052,587 13149,461 0 4004,670 64122,486 118634,863 0 4772,00 177985,349 2009-2010 Value Added of Delivery (VAD) Revenue Components of TBR: Reference Cost of Power Tariff Basket Revenue Less: Other Income Annual Corrections Taxes/License Fees Sub-Total (VAD) RSA Recovery Depreciation OPEX Return Year Public Utilities Commission 29 *SCHEDULE VIII [r.2(1)(h)] BELIZE ELECTRICITY LIMITED (BEL) Approved Tariffs for Full Tariff Period (FTP) July 1, 2009, to June 30, 2016. Period July 1, 2009-January 31, 2012 February 1, 2012-June 30, 2012 July 1, 2012-June 30, 2016 Service Rate/Tariff Service Rate/Tariff Service Type/Consumption $/Mth Type/Consumption $/Mth Type/Consumption Block $/KVA, Block $/KVA Block $/KWhr $/KWhr $/KVA $/KWhr Social 0 – 50 KWhr 0.26 0 – 60 KWhrs 0.24 0-60 KWhrs Minimum Charge 4.00 Minimum Charge 4.00 Minimum Charge Residential 0-50 KWhrs 0.35 0-50 KWhrs 0.33 0-50 KWhrs 51- 200 KWhrs 0.44 51-200 KWhrs 0.41 51-200 KWhrs >200 KWhrs 0.47 >200 KWhrs 0.44 >200 KWhrs Minimum Charge 5.00 Minimum Charge 5.00 Minimum Charge Commercial Service Charge 100.00 Service Charge 100.0 0-10,000 KWhrs 0.45 0-10,000 KWhrs 0.42 10,001-20,000 KWhrs 0.44 10,001-20,000 0.41 KWhrs > 20,000 KWhrs 0.43 0.40 >20,000 KWhrs * This Schedule was inserted by S.I. 113 of 2012 30 Public Utilities Commission Commercial 1 0-50 KWhrs 51-200 KWhrs >200 KWhrs Minimum Charge Commercial 2 Service Charge 0-10,000 KWhrs 10,001-20,000 KWhrs >20,000KWhrs Industrial 1 Service Charge 100.00 Service Charge 100.00 Service Charge Demand (KVA) 35.00 Demand (KVA) 33.00 Demand (KVA) Energy 0.33 Energy 0.31 Energy Industrial 2 Service Charge 100.00 Service Charge 100.00 Service Charge Demand (KVA) 21.00 Demand (KVA) 20.00 Demand (KVA) Energy 0.28 Energy 0.27 Energy Street Lights Energy 0.55 Energy 0.55 Energy 0.55 __________ Public Utilities Commission 31 †SCHEDULE IX [r.2(1)(i)] BELIZE ELECTRICITY LIMITED (BEL) Approved Fees and Charges effective July 1, 2012 Service Fees and Charges/Penalties: Description Customer Classification Fee/Charge ($, %) New Connection 200.00 Temporary Supply 120.00 Service Upgrade 55.00 Service Relocation 55.00 Move In/Activation/Transfer 40.00 Temporary Disconnection by Request Social, Residential, Commercial 1 & 2 Industrial 10.00 100.00 Reconnection (Temporary Disconnection by Request) Social, Residential, Commercial 1 & 2 Industrial 10.00 100.00 Reconnection (Temporary for Non-Payment) Social Residential Commercial 1 & 2 10.00 25.00 25.00 Reconnection at Pole (Disconnection for Non-Payment or Tampering) 100.00 Replacement of damaged Meter 98.00 Replacement of damaged Meter Cover 31.61 Replacement of Meter due to Service/Meter Tampering* 40.00 Pole Rental (Monthly Fees per Pole) Telecommunication Operators (PTSN, Etc.) Cable Operators – Cities/Towns Cable Operators – Rural 2.70 1.46 1.16 Late Payment Penalty (Applied to Arrears over 30 days less amount held as deport) Commercial 2, Industrial 0.83%/Month Deposits: Service Size Customer Classification Fee/Charge ($) 60 Amps Service Social, Residential Commercial 1 50.00 100.00 100 Amps Service Residential Commercial 1 Commercial 2 100.00 200.00 1,000.00 125 Amps Service Residential Commercial 1 Commercial 2 100.00 200.00 1,000.00 200 Amps Service Residential Commercial 1 Commercial 2 100.00 200.00 1,000.00 4SkVA Dedicated Service Residential Commercial 1 Commercial 2 100.00 200.00 1,000.00 112.5 kVA Dedicated Service 3,000.00 225 kVA Dedicated Service 8,000.00 500 kVA Dedicated Service 15,000.00 1000 kVA Dedicated Service 30,000.00 Notes: The Commercial 1 category shall be applied to commercial customers with average monthly consumption less than 2,500 kilo-watthours The Commercial 2 category shall be applied to commercial customers who are not classified as Commercial 1 or Industrial. Where any requested service requires that extraordinary costs be incurred in a License, the License may recover some or all of such costs as determined according to a relevant methodology contained in any relevant and approved Code of Practice required by the Condition of the License granted to such License. * To be applied, together with other applicate fees/charges/penalties, after summary conviction for Service/Meter Tampering. † This Schedule was inserted by S.I. 113 of 2012