by Nick Delgado
Guam - The Guam Power Authority may have seen an increase in customers but according to an audit released today the agency saw sales of electricity decrease by $23 million. A part of that loss was attributed to a former customer that's now producing power independently.
According to GPA Chief Financial Officer Randy Weigand, though the military buildup should turn things around in the long run. "We're fortunate we are being saved because Guam is growing we are seeing about 300 customers applications a month, some of those people are just moving and shifting but we do have some new growth, and so there has been steady growth in the number of residential customers," he said.
The clean audit of GPA also noted that the utility agency ended last fiscal year with a $7 million decrease in net assets. Auditors also found that GPA needs to keep a better inventory of its supplies and materials and was incorrectly assessing late chargers to customers.