GPA to plead case for LEAC reduction
by Nick Delgado
Guam - The Guam Power Authority will appear before the Consolidated Commission on Utilities on Monday night to request a decrease in the Levelized Energy Adjustment Clause. CCU chairman Simon Sanchez says the proposed adjustment would be for February through august of next year and is due to GPA recapturing $8,000,000 during the current LEAC in fuel payments.
GPA is expected to seek a 2-3% reduction on the total bill for the average power customer. Sanchez says the percentage would have been higher, but oil has crept higher in the last month. The utility agency will make its case before the CCU on Monday night at 5:30.
If the Commission approves, the request would then go before the Public Utilities Commission for their approval and implementation beginning February 1.