GPA applies for 5.3% rate increase

by Ken Quintanilla

Guam - Brace yourselves: power bills could go up yet again as the Guam Power Authority has filed a rate case to the Public Utilities Commission.  GPA spokesperson Art Perez says the increase is needed to help pay for bonds that were secured last year, which included $120 million for capital improvement projects. 

What's this mean for your pocketbook? Perez says for customers whose power bill averages $266 a month can expect it to increase by $14.  The increase equates to a 5.3% adjustment. 

While hearings will be conducted first, if approved by the PUC, the rate hike wouldn't take affect until early next year.