GPA bond up for public hearing Tuesday - KUAM.com-KUAM News: On Air. Online. On Demand.

GPA bond up for public hearing Tuesday

Posted: Updated:

by Ken Quintanilla

Guam - Just days after the Guam Waterworks Authority's $495 million bond authorization bill was signed into law, the Guam Power Authority will now see its bond measure up for a public hearing.

Bill 207 introduced by Senator Tom Ada would authorize GPA bond financing for critical infrastructure improvements. The borrowing will take place in two stages to allow GPA to avoid substantial power rate increases arising from the new debt.

A short-term interim bond will raise $35 million with a second long-term bond will be issued in 2015 for $100 million.

The public hearing is set for Tuesday at 8 in the morning.

  • NEWS HEADLINESMore>>

  • Alleged armed robber begs judge for less time

    Alleged armed robber begs judge for less time

    "Nobody's dead. Nobody died." Those were words from defendant Jeremy Allen Evaristo in court today as he reasoned why the government should give him less than the 15 year jail term outlined in his proposed plea agreement. Evaristo is charged in a string oMore >>
    "Nobody's dead. Nobody died." Those were words from defendant Jeremy Allen Evaristo in court today as he reasoned why the government should give him less than the 15 year jail term outlined in his proposed plea agreement. Evaristo is charged in a string oMore >>
  • No settlement reached in clergy sex abuse lawsuits

    No settlement reached in clergy sex abuse lawsuits

    Mediation talks end today for the 180-plus clergy sexual abuse lawsuits hoping to settle out of court. Though he couldn't provide the details, plaintiffs' attorney David Lujan told KUAM on Friday afternoon "We didn't reach settlement, but we're still talkMore >>
    Mediation talks end today for the 180-plus clergy sexual abuse lawsuits hoping to settle out of court. Though he couldn't provide the details, plaintiffs' attorney David Lujan told KUAM on Friday afternoon "We didn't reach settlement, but we're still talkMore >>
  • Adult marijuana use legalized for CNMI

    Adult marijuana use legalized for CNMI

    Adult marijuana use is now legal in the CNMI. Governor Ralph Torres signed a law Friday that allows those who are 21 years or older to possess up to one ounce of marijuana, 16 ounces of marijuana infused products, and 5 grams of marijuana extracts. The laMore >>
    Adult marijuana use is now legal in the CNMI. Governor Ralph Torres signed a law Friday that allows those who are 21 years or older to possess up to one ounce of marijuana, 16 ounces of marijuana infused products, and 5 grams of marijuana extracts. The laMore >>
Powered by Frankly