CCU approves LEAC request - KUAM.com-KUAM News: On Air. Online. On Demand.

CCU approves LEAC request

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by Ken Quintanilla

Guam - Island residents should brace themselves for a potential rate increase during their meeting last night the Consolidated Commission on Utilities approved an upward adjustment to the Levelized Energy Adjustment Clause. The LEAC is a mechanism GPA uses to offset costs from the rising costs of fuel. According to CCU chairperson Simon Sanchez rate payers could see a 3% increase in August.

"So we had a little bit of benefit from lower oil prices in the last couple of years and in February we actually had a major reduction the LEAC has crept down but this time we are having to bump it back up," he said.

Sanchez adds that the increase will be no higher than what rate payers were paying for power in August of 2011.  The LEAC request must now be approved by the Public Utilities Commission.

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