CCU to authorize $195M bond for GWA - KUAM.com-KUAM News: On Air. Online. On Demand.

CCU to authorize $195M bond for GWA

Posted: Updated:

by Ken Quintanilla

Guam - Your water bill is going to go up.  The Consolidated Commission on Utilities is meeting this evening to review the Guam Waterworks Authority's $195 million bond request.  CCU chair Simon Sanchez says the Commission is expected to give the authorization this evening.

"This is the estimated amount for the first of three bonds that if the legislature and the governor gives us permission and the PUC gives us the rates we would borrow as much as $495 million over the next five years this is the legislation that Senator Tom Ada has introduced," he said.

If approved residents will see a 57% rate increase as opposed to the originally anticipated 67% increase. this means that residents will see their bill go up by about $30 while businesses can see up to an 80% increase in their bill over the next five years. The bond will go toward repairs of the waste water treatment plants, studies, and water tanks which will bring GWA into compliance with the court order by the 2020 deadline. 

  • NEWS HEADLINESMore>>

  • Calvo officially requests for disaster declaration

    Calvo officially requests for disaster declaration

    Gov. Eddie Calvo has sent his official request to President Donald Trump for a major disaster declaration. He is asking that the entire territory be made eligible for public assistance, individual assistance and the Hazard mitigation grant program. CalvoMore >>
    Gov. Eddie Calvo has sent his official request to President Donald Trump for a major disaster declaration. He is asking that the entire territory be made eligible for public assistance, individual assistance and the Hazard mitigation grant program. Calvo More >>
  • Trial pushed back again for prison murder

    Trial pushed back again for prison murder

    Trial is pushed back yet again for the defendants charged in connection to last year's murder at the Department of Corrections. As reported, Edrite "Manson" Isar was found dead in his jail cell at the Hagatna lockup. Though it was initially believed he diMore >>
    Trial is pushed back yet again for the defendants charged in connection to last year's murder at the Department of Corrections. As reported, Edrite "Manson" Isar was found dead in his jail cell at the Hagatna lockup. Though it was initially believed he diMore >>
  • Lost Indonesian teen found in Guam waters after drifting for 49 days

    Lost Indonesian teen found in Guam waters after drifting for 49 days

    A miraculous rescue happened in waters just off Guam. An Indonesian teen was found drifting in our waters after after strong winds blew him more than a thousand miles away from his home in North Sulawesi. The Strait Times reports Aldi Adilang, 19, was a lMore >>
    A miraculous rescue happened in waters just off Guam. An Indonesian teen was found drifting in our waters after after strong winds blew him more than a thousand miles away from his home in North Sulawesi. The Strait Times reports Aldi Adilang, 19, was a lMore >>
Powered by Frankly