Guam - The Consolidated Commission on Utilities approved a ten-year contract to provide electricity to the U.S. Navy. According to chairman Simon Sanchez, the Navy's current 20-year contract expires at the end of this month. He adds the navy will be transferring $120 million worth of assets to GPA, including miles of distribution and transmission lines, easements and small substations and generators.

The contract is now subject to the Public Utilities Commission's approval.

The CCU meanwhile also continues to work on fixing GPA customers who experienced overbilling and has since credited back $650,000 to thousands of accounts.