by John Davis, KUAM News Tuesday, July 29, 2008 Subscribe to John's newsfeed   E-mail this article Printable version KUAM Toolbar Web Widgets Get RSS headlines

The Consolidated Commission on Utilities is meeting this evening and on the agenda is the Guam Power Authority's request to increase the Levelized Energy Adjustment Clause. The LEAC is a means for GPA to adjust its rates for a six-month period in order to recover its cost for fuel.

According to CCU Chairperson Simon Sanchez, Commissioners are expected to approve a 7% increase during their meeting. Initially the agency was seeking a 13% hike, but due to the streetlight payment, that amount was reduced significantly. The CCU is scheduled to meet at 5 o'clock in the GPA conference room in Harmon.