PURC sets 98% revenue collection target for utility providers; caps distribution losses at 21%

The Executive Secretary of the Public Utilities Regulatory Commission (PURC), Dr. Shafic Suleman, has revealed that utility providers have been assigned stringent performance targets this year, including a requirement to collect up to 98 percent of expected revenue to qualify for full operational funding and incentives. According to him, the targets form part of regulatory […] Read Full Story