Senators continue talks about refunding GPA bond - KUAM.com-KUAM News: On Air. Online. On Demand.

Senators continue talks about refunding GPA bond

Posted: Updated:

Lawmakers working overtime this weekend, wrapping up six days of debate on the port authority's $72 million infrastructure improvement bond. That bill finally moving on to the voting file. On Monday, senators moved on to discussions on a bill to refund the power authority's $150 million bond. CCU Chairman Joey Duenas says they're looking at every way to save money, and this could help to avoid raising the base rate, saying, "We are not taking any money out of this deal to do other things. We are also not extending the maturity. So these bonds will be paid off in the same time frame, they don't add any more debt to GPA. All we're talking about at the end of the day is the $416,000, $417,000 in average annual savings."

While the base rate has not been raised since 2013, there have been incremental increases in the LEAC, or fuel surcharge, in response to rising oil prices. GPA will discuss this week another probable LEAC increase in February to make up for an estimated $18 million in under-recovery.

  • NEWS HEADLINESMore>>

  • Get informed during Guam Invasive Species Awareness Week

    Get informed during Guam Invasive Species Awareness Week

    All week long it's Guam Invasive Species Awareness Week. Events will inform the public on how to protect Guam against invasive species, like brown tree snakes and rhino beetles. Topics include "What's killing my Plants?", a USDA Plant Inspection Facility Tour, screening of the documentary "An Acquired Taste" about hunting at the Guam Museum, and a Brown tree snake control workshop. "What's Killing my Plants" UOG CNAS Extension and Outreach Program ...More >>
    All week long it's Guam Invasive Species Awareness Week. Events will inform the public on how to protect Guam against invasive species, like brown tree snakes and rhino beetles. Topics include "What's killing my Plants?", a USDA Plant Inspection Facility Tour, screening of the documentary "An Acquired Taste" about hunting at the Guam Museum, and a Brown tree snake control workshop. "What's Killing my Plants" UOG CNAS Extension and Outreach Program ...More >>
  • Guns, drugs found in Mangilao raid

    Guns, drugs found in Mangilao raid

    Nearly a dozen guns, glass pipes and marijuana. GPD investigators finding those items during a raid in Mangilao on Thursday. 65 year old Jesus San Agustin and 27 year old Jessiree Dolores Meno are charged with theft by receiving stolen property. San Agustin is also charged with illegally possessing drugs and firearms. Police say the search warrant was executed as authorities were looking into a burglary investigation. That's when they made the find confiscating a 12 gauge shotgun, tw...More >>
    Nearly a dozen guns, glass pipes and marijuana. GPD investigators finding those items during a raid in Mangilao on Thursday. 65 year old Jesus San Agustin and 27 year old Jessiree Dolores Meno are charged with theft by receiving stolen property. San Agustin is also charged with illegally possessing drugs and firearms. Police say the search warrant was executed as authorities were looking into a burglary investigation. That's when they made the find confiscating a 12 gauge shotgun, tw...More >>
  • Schools conducting morning sweeps

    Schools conducting morning sweeps

    Guam schools are being put on alert. Guam Department of Education leaders instructed school administrators to conduct a sweep of their campuses before students and employees show up on Friday.  The notice coming out of Guam Homeland Security following a threat that targeted Guam High School Thursday afternoon. The threat forced an evacuation of the school and the surrounding area. Though local and military first responders found no threat at the campus, Guam Homeland officials a...More >>
    Guam schools are being put on alert. Guam Department of Education leaders instructed school administrators to conduct a sweep of their campuses before students and employees show up on Friday.  The notice coming out of Guam Homeland Security following a threat that targeted Guam High School Thursday afternoon. The threat forced an evacuation of the school and the surrounding area. Though local and military first responders found no threat at the campus, Guam Homeland officials a...More >>
Powered by Frankly