Fuel increase prompts power rate hike
With fuel prices on the rise, you know what that means: the Guam Power Authority typically petitions for an adjustment to its Levelized Energy Adjustment Clause.
By KUAM NewsGuam - With fuel prices on the rise, you know what that means: the Guam Power Authority typically petitions for an adjustment to its Levelized Energy Adjustment Clause. Consolidated Commission on Utilities Chairperson Simon Sanchez said, "It's my understanding that they will recommend that there is an increase and we will have to see the numbers tomorrow and see if it's justified before we send it to the PUC."
GPA management is expected present the proposed upward adjustment to the LEAC to commissioners tomorrow. The LEAC is a means for GPA to adjust its rates for a six-month period in order to recover its cost for fuel.