Revised Laws of Saint Lucia (2021)

65.   Issuance and form of service licence

A service licence granted under section 63 shall be issued on payment of the prescribed service licence fee, and—

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    (a)     shall clearly establish the scope of the service, including the activities for maintenance and repair of the existing works and the construction of facilities for the expansion and improvement of the service;

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    (b)     shall include the terms and conditions, in addition to those provided for in this Act or the regulations, under which the service is to be provided by the service licensee;

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    (c)     shall outline the principles and shall provide instructions regarding the accounting and information systems required to form the basis on which tariffs are to be calculated;

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    (d)     shall specify the financial reporting obligations of the service licensee;

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    (e)     may require a service licensee to provide guarantees for securing the performance of obligations; and

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    (f)     may specify special conditions for providing the service, based on the situation regarding the relevant natural resources, and the applicable technical and economic conditions.