In a landmark move, the Belizean government, led by Prime Minister John Briceño, has finalized a $128 million deal to acquire Fortis Belize’s hydro assets and a 33% stake in Belize Electricity Limited (BEL). The agreement, announced in the House of Representatives, follows an independent valuation by Nera Consulting, which appraised the hydro assets at $122 million. Through strategic negotiations, the government secured a $12 million discount, reducing the cost to $110 million. Additionally, the BEL shares, initially valued at $62 million, were purchased for just $18 million, marking a significant reduction. Prime Minister Briceño emphasized that the final prices were based on historical data, global projections, and future profitability, ensuring a fair deal for taxpayers. However, the acquisition raises critical questions about its impact on consumers. Will electricity tariffs decrease, and if so, when? How will hydrological risks, such as droughts and low reservoir levels, affect hydroelectric power generation? Furthermore, how will Belize’s reliance on imported electricity from Mexico influence tariff stability post-acquisition? The Public Utilities Commission (PUC) may conduct a separate review to adjust rates based on revised generation costs, adding another layer of complexity to this transformative deal.