GEDA board approves utility financing - KUAM.com-KUAM News: On Air. Online. On Demand.

GEDA board approves utility financing

Posted: Updated:

by Nick Delgado

Guam - The Guam Economic Development Authority's board of directors met this afternoon and acted on two key items. Members approved $30 million for the Guam Waterworks Authority from the Bank of Guam.

$5 million will go toward projects for sewer connections to GWA public sewer system as approved by the Consolidated Commission on Utilities back in Fiscal Year 2008.  $25 million will fund the Operations and Maintenance Renewal and Replacement Reserves Fund as required by the 2005 bond indentures.  

The board also approved the authorization for the Guam Power Authority to issue a $237 million bond to fund a series of capital projects.

Pending approval from the Public Utilities Commission, the pricing of the bonds is tentatively scheduled for June 14 with the bond closing anticipated before the end of June 2010.

  • NEWS HEADLINESMore>>

  • Derrick Baza Hills back in court for theft

    Derrick Baza Hills back in court for theft

    Back in court - this time, for theft charges. A violation notice was filed in the District Court of Guam against Derrick Baza Hills. Back in December 2017, the former senatorial and Agat vice mayoral candidate reportedly stole less than $100 worth of items from the Navy Exchange. He already faces several other charges involving prescription drugs and theft in the local court. He'll make his first appearance in federal court on March 6.More >>
    Back in court - this time, for theft charges. A violation notice was filed in the District Court of Guam against Derrick Baza Hills. Back in December 2017, the former senatorial and Agat vice mayoral candidate reportedly stole less than $100 worth of items from the Navy Exchange. He already faces several other charges involving prescription drugs and theft in the local court. He'll make his first appearance in federal court on March 6.More >>
  • Dededo students march for world peace

    Dededo students march for world peace

    Rain or Shine, these Roadrunners want World Peace. Benavente Middle School hosted their 8th annual March for Peace Thursday morning. Students, along with Superintendent and members of the Board, marched to Maria Ulloa and Wettengel Elementary, with signs promoting peace. Principal Patrick Egrubay said, "Peace is something that each of us should strive for, especially more recently we know that there's tragedy that's going on across the country and around the world, we want our s...More >>
    Rain or Shine, these Roadrunners want World Peace. Benavente Middle School hosted their 8th annual March for Peace Thursday morning. Students, along with Superintendent and members of the Board, marched to Maria Ulloa and Wettengel Elementary, with signs promoting peace. Principal Patrick Egrubay said, "Peace is something that each of us should strive for, especially more recently we know that there's tragedy that's going on across the country and around the world, we want our s...More >>
  • Bomb threat made to Guam High

    Bomb threat made to Guam High

    Guam High School and surrounding homes at Naval Hospital have been evacuated after a bomb threat is called in Thursday afternoon. The threat specifically targeted the school. GPD and Navy police are sweeping the area with K-9 units. The Naval Base Guam Explosive Ordnance Disposal unit is standing by in the event anything is found. Guam Homeland Security officials say all measures are being taken to ensure the safety of the public and first responders involved.

    More >>

    Guam High School and surrounding homes at Naval Hospital have been evacuated after a bomb threat is called in Thursday afternoon. The threat specifically targeted the school. GPD and Navy police are sweeping the area with K-9 units. The Naval Base Guam Explosive Ordnance Disposal unit is standing by in the event anything is found. Guam Homeland Security officials say all measures are being taken to ensure the safety of the public and first responders involved.

    More >>
Powered by Frankly