Commonwealth Utilities Corporation board suspends 5% performance base increases

In a recent meeting, the Commonwealth Utilities Corporation board suspended the 5% performance base increase.

In a letter on Sept. 27, Acting Executive Director Betty Terlaje told employees “after careful consideration, decided to suspend the 5% performance increase due to ongoing financial constraints.”

Terlaje said the suspension started Oct. 1 and will remain until further notice.

She added, “While the Board and management are disheartened to share this news, we fully understand the potential impact this may have on you and your colleagues. Our primary responsibility is to safeguard the financial health of the corporation, while also striving to maintain a positive and supportive work environment for all.”

Terlaje said the board is exploring alternative options to address the financial issues.