Jamaica Public Service Limited is a vertically integrated electric utility company licensed by the Government of Jamaica to generate, transmit and distribute electricity in Jamaica.
The Company serves approximately 603,346 customers; 538,600 (approximately 89%) of which are residential consumers. The Residential Class is responsible for approximately 33% of the billed energy sales. Small commercial customers make up 10% of the Company’s customer base and consume 22% of the billed energy. The remaining customer base is made up of large industrial consumers making up less than 1% of the customer base, but consumes 43% of total billed energy.
The Company’s electricity system is comprised of 24 generation plants, 52 substations and over 16,000 kilometres of transmission and distribution lines. The generating systems use a mix of technologies including steam, diesel, hydroelectric and gas turbines to produce electricity. The Company prior to 2010, had an installed capacity of approximately 621 MW complemented by almost 200 MW of firm capacity purchased from Independent Power Producers (IPPs) under long-term Power Purchase Agreements (PPAs).
As at December 31, 2013, the Company’s generation rate base was valued at US$177 million, transmission and distribution valued at US$264 million out of a total rate base of US$607 million. Operating revenues for 2013 were US$1.1 billion comprising US$693 million for fuel revenues and US$406 million for non-fuel revenues.