GPA will seek additional power rate increase - KUAM.com-KUAM News: On Air. Online. On Demand.

GPA will seek additional power rate increase

by Nick Delgado

Guam - It looks like the Guam Power Authority will be making another request to raise rates in order to pay for their upcoming request to the Public Utilities Commission for a $210,000,000 bond. GPA Spokesperson Art Perez says the bond will pay for overdue upgrades and debts, saying, "This is regardless of the growth, these are projects that we need to do."

Perez also stated, "We have substations that are since the late 1960's and it's become even very expensive to maintain that type of equipment when most of them are outdated."  He Perez adds that they are still calculating how much of an increase ratepayers will see.

In the meantime, GPA is expected to bring their request to the PUC during the April 29 board meeting.

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