Feedback sought for power base rate increase
by Mindy Aguon
Guam - The Public Utilities Commission will get public input this week on the Guam Power Authority's proposed base rate increase that equates to a 7.5% increase in your power bill that will be spread out over the next five years. Public hearings will be held on Tuesday at the GCIC Building in Hagatna. Another will be held on Wednesday at the Agat Senior Center and on Thursday a final hearing will be held at the Dededo Senior Center.
GPA borrowed $210 million two years ago to pay for various capital improvement projects, the smart grid, and to make repairs to Cabras and undergrounding for distribution. The debt service on that loan is coming up and the base rate increase is expected to help cover those costs.
If approved by the PUC, the average residential customer using 1,000 kilowatts with an average $270 a month power bill, can expect to see the bill increase gradually up to $20 after five years. The PUC is expected to make a decision in April with the approved rate to take effect in May.