Senator Patrick Faber of the United Democratic Party (UDP) has launched a scathing critique against the Briceño administration, accusing it of hastily pushing through a $330 million acquisition of Fortis Belize Limited and its associated electricity assets. Faber described the move as yet another example of high-stakes financial deals being executed without proper scrutiny. Speaking at a UDP press conference on Thursday, Faber revealed that legislators were asked to approve the deal without access to essential evaluations of the Mollejon, Chalillo, and Vaca dams. Although senators eventually received reports from NIRA Consulting and consultant Mr. Sunderland, Faber argued that the rushed process—requiring evaluation, study, and Senate approval in a single sitting—was “unconscionable” and indicative of the government’s attempt to “pull a fast one.” The transaction, which includes $110 million for Fortis Belize Limited and an additional $36 million for Fortis Inc.’s 33.3% stake in Belize Electricity Limited (BEL), was approved by both legislative chambers within a single weekend. Faber disclosed that Prime Minister Briceño had already signed the agreement before the debate concluded, forcing legislators to retroactively endorse the decision. Faber condemned the government’s approach, claiming it undermines parliamentary oversight and burdens Belizeans with new domestic borrowing through a “special budgetary appropriation.” He warned that this could destabilize the country’s financial system, as the funds would compete with those Belizeans rely on for personal loans. Faber also questioned the government’s plan to divest the hydropower assets through Hydro Belize Limited, chaired by Ambassador Lynn Young, suggesting that the eventual resale to local banks, credit unions, and the Social Security Board could disproportionately benefit politically connected investors. He labeled the scheme a “pension plan for the boys,” arguing that the public would bear the debt while private interests profit. Faber drew parallels to the 2011 nationalization of BEL under a UDP administration, which aimed to protect Belizeans from unfair rates and foreign control. He asserted that the current deal reverses these gains, prioritizing expedience over transparency. Additionally, Faber dismissed the administration’s claims that the buyout would lower electricity rates, warning that local investors would prioritize profits, potentially leading to higher costs for consumers. The UDP has called for full financial disclosure, including details on tax exemptions for future owners, before the deal is finalized.