CUC says FAC remains the same for September

The fuel adjustment charge of the Commonwealth Utilities Corp. remains at $0.12397 per kilowatt-hour for the month of September.

Although there has been a slight decrease in the the Mean of Platts Singapore monthly pricing from August 2020 to September 2020 as notified by Mobil Oil Mariana Islands, Inc., the decrease did not equal or exceed a 4.5% differential of the average per gallon cost of fuel.

The FAC is one of two components that make up the CUC Electric kWh rate, which is used to purchase fuel. The second component is the CUC base rate, which is used to fund operations, projects, and debt service. This base rate has not been increased since April 17, 2014.

CUC is required, pursuant to an order previously issued by the Commonwealth Public Utilities Commission, to adjust (up or down) the FAC pass-through rate when the Mean of Platts Singapore monthly pricing equals or exceeds a 4.5% differential of the average per gallon cost of fuel used in the calculation of the current FAC rate. (PR)