CCU to approve $88M budget - KUAM.com-KUAM News: On Air. Online. On Demand.

CCU to approve $88M budget

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by Janjeera Hail

Guam - The Consolidated Commission on Utilities is set to hold their scheduled board meeting tonight.  Chairperson Simon Sanchez says the board is expected to approve an $88 million Fiscal Year 2011 budget. Sanchez says they will also borrow $118 million in bond financing.

He said, "Which will allow us to do about $80 million in construction projects; most of the projects will be focused on fixing leaks finishing the five projects that are in the stipulated order that still remain to be finished, which include meters finishing that program finishing the inspection of tanks you know we have some concerns about some of out old tanks inspecting them and then getting them repaired."

The board is also discussing the vacancy of the Guam Waterworks Authority general manager position.  More than 35 applicants submitted responses for the position that was left vacant by Dr. Leonard Olive.

The CCU is hopeful a permanent gm will be chosen within 90 days.

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