CCU approves 17% LEAC increase - KUAM.com-KUAM News: On Air. Online. On Demand.

CCU approves 17% LEAC increase

Posted: Updated:

by Sabrina Salas Matanane

Guam - The Consolidated Commission on Utilities during their meeting last night approved a request to increase the Levelized Energy Adjustment Clause by 17.27%. The increase if approved by the Public Utilities Commission would go into effect in February next year.

According to GPA's Chief Financial Office Randy Weigand, the significant rise of fuel costs to GPA over the past several months amounted to about $7M in under recovered expenses. The 17% increase equates to about an additional $34 an average consumer's power bill.

The CCU during their meeting last night also decided that it would like to use its $5.1M cut from the Bank of America and Securities Exchange Commission settlement to be used to offset the impact of the Working Capital Surcharge. If approved by the PUC this would delay GPA's proposed 2% rate increase that would have gone into effect next year until April 20.

  • NEWS HEADLINESMore>>

  • Wutip's closest point of approach now 6am Sunday

    Wutip's closest point of approach now 6am Sunday

    According to the Joint Information Center Typhoon Wutip has slowed dramatically over the last few hours with its closest point of approach (CPA) now expected at 6 a.m. Sunday. Residents are advised to stay indoors while the island remains in COR1.More >>
    According to the Joint Information Center Typhoon Wutip has slowed dramatically over the last few hours with its closest point of approach (CPA) now expected at 6 a.m. Sunday. Residents are advised to stay indoors while the island remains in COR1.More >>
  • 'Period poverty' among issues Flores will tackle under Bureau of Women's Affairs

    Flores revives Bureau of Women's Affairs

    Appointed to create and oversee the Bureau of Women's Affairs, Jayne Flores spoke to village mayors asking for their help to implement women-centered initiatives. As the first female governor, Maga'haga Lou Leon Guerrero tapped Jayne Flores to bring backMore >>
    Appointed to create and oversee the Bureau of Women's Affairs, Jayne Flores spoke to village mayors asking for their help to implement women-centered initiatives. As the first female governor, Maga'haga Lou Leon Guerrero tapped Jayne Flores to bring back More >>
  • Southern villagers urged to conserve water

    Southern villagers urged to conserve water

    GWA announces flash flood conditions resulting from Typhoon Wutip have affected production at the Ugum Water Treatment Plant. Residents from Ipan to Umatac are advised to conserve water until production levels return to normal.More >>
    GWA announces flash flood conditions resulting from Typhoon Wutip have affected production at the Ugum Water Treatment Plant. Residents from Ipan to Umatac are advised to conserve water until production levels return to normal.More >>
Powered by Frankly