Trinidad and Tobago Electricity Commission

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The Trinidad and Tobago Electricity Commission (T&TEC) is the sole provider of electricity in Trinidad and Tobago. Generation of electricity is supplied by the three Powergen power stations from natural gas and oil. It was formed in 1946 after the merger of independent companies. It supplies a over a million residential, muncipipal, commercial and industrial customers.

In 2006, the United States-based Mirant Corporation facing a severe financial situation announced that part of Mirant's restructuring efforts includes the intent to sell off their part ownership of PowerGen. Following that announcement, the Government of Trinidad and Tobago placed the overall structure of T&TEC and PowerGen under review for future possible amalgamation between the two units. The companies T&TEC, Mirant and BP currently owns 51%, 39% and 10% of the PowerGen company respectively[1]. Any possible termination of the Mirant stake, is seen as opportunity to simplify the structure and relationship between the T&TEC and PowerGen companies.

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