by Michele Catahay

Guam - With the Guam Power Authority's successful sale of $205 million in bonds, the agency will is excited about what that money will mean for ratepayers. GPA General Manager Joaquin Flores was the guest speaker at today's Guam Chamber of Commerce meeting and discussed how the bond proceeds will be spent on capital improvement projects.

"The projects will obviously will have to be sourced out to the private sector," he detailed. "These are projects that are necessary despite the military buildup, so I'm also going to talk about how the military buildup will fold very well and merge within these projects, continue the underground improvements."

Flores also discussed GPA's 3-5 year plan for renewable energy for the island.