by Mindy Aguon
Guam - The Guam Waterworks Authority has until Tuesday to file an appeal with the Superior Court of Guam. The utility is appealing a recent Public Utilities Commission order requiring them to pay $18 million to the Government of Guam General Fund. The order requires GWA to comply with a public law that mandates the agency utilize 2010 bond proceeds already earmarked for infrastructure projects to make the payment so the government can in turn use that money to pay tax refunds and cost of living allowance owed to retirees.
The Consolidated Commission on Utilities and GWA, however, believe the PUC order requires the agency to act illegally and in violation of bond covenants.
CCU chairman Simon Sanchez says the agency will file the appeal tomorrow.