CCU to approve termination of Tanguissan contract
<span style="font-family: Arial, sans-serif; font-size: 11.9999990463257px; line-height: 13.7999992370605px;">On the agenda for tonight's meeting of the Consolidated Commission on Utilities is to approve the recommendation to terminate the private contract with Provient for the operation of Tanguissan Power Plant.</span>
November 25, 2014Updated: November 25, 2014
By KUAM News
By KUAM News by Jolene Toves
Guam - On the agenda for tonight's meeting of the Consolidated Commission on Utilities is to approve the recommendation to terminate the private contract with Provient for the operation of Tanguissan Power Plant.
CCU chairman Simon Sanchez told KUAM News, "But Tanguissan is one of our least efficient power plants its uses the most oil its old we hardly use it and we determined rather than continue the contract for the remaining three years it would be cheaper for rate payers to terminate the contract."
If approved they will be terminating the contract three years early for a price of nine million dollars and in doing so GPA will save an average of $6 million for the remaining three years. He adds that management of Tanguissan will be taken over by GPA.
Guam - On the agenda for tonight's meeting of the Consolidated Commission on Utilities is to approve the recommendation to terminate the private contract with Provient for the operation of Tanguissan Power Plant.
CCU chairman Simon Sanchez told KUAM News, "But Tanguissan is one of our least efficient power plants its uses the most oil its old we hardly use it and we determined rather than continue the contract for the remaining three years it would be cheaper for rate payers to terminate the contract."
If approved they will be terminating the contract three years early for a price of nine million dollars and in doing so GPA will save an average of $6 million for the remaining three years. He adds that management of Tanguissan will be taken over by GPA.