The Liberia Electricity Regulatory Commission has levied a $10,000 United States dollars fine against the Liberia Electricity Corporation for failing to comply with terms and conditions under the various licenses issued by the Corporation despite repeated notices and deadlines from the Commission.
The fine against the Corporation is to be paid into LERC’s account no later than 10 September 2021.
According to a LERC release, the Commission’s decision to impose a monetary fine against the LEC is in accordance with “Section 6.12 (Noncompliance/Penalties and Fines)” of the 2015 Electricity Law of Liberia and Regulation 12 (Penalties and Fines) of the 2020 September Electricity Licensing Regulations.
In a communication to LEC’s Chief Executive Officer Paschal Buckley, the Commission’s Managing Director Augustus Goanue pointed out that the Corporation had “failed to comply with reporting obligations and performance evaluation as enshrined in its generation-hydro, generation-thermal, Import, transmission, transmission system operator and distribution licenses that were issued on 9 March 2021”.
Managing Director Goanue acting upon the Board of Commissioners’ Resolution pointed out that the Corporation’s noncompliance is in violation of “Section 19 (Compliance Monitoring and Reporting)” of the Terms and Conditions of its various licenses.
The Commission calls upon the management of the Corporation to “comply with the Terms and Conditions of the various licenses by submitting required reports no later than Wednesday 15 September and failure to comply shall lead to additional punitive actions consistent with the 2015 ELL and ELR”.
The Commission urges all licensed operators to adhere to the electricity law and abide by the terms and conditions of their licenses which are required under the Performance Evaluation and Reporting Obligations of each license.