Bermuda Electric Light

Bermuda Electric Light Company Limited (BELCO) is a wholly owned subsidiary of Ascendant Group Limited (Ascendant), a publicly traded investment holding company whose shares trade on the Bermuda Stock Exchange (ticker: AGL.BH). Ascendant is also the parent company of AG Holdings Limited, which includes operating companies, AIRCARE LTD., IFM Limited, iEPC Limited and Ascendant Properties Limited. BELCO was established in 1904 as Bermuda's sole supplier of electricity and currently operates generating plant and transmission and distribution systems to service 35,000 metered connections.