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CUC to withdraw its debt relief rate petition

The Commonwealth Utilities Corp will withdraw its petition for a debt service surcharge and plans to file with its regulators an “infrastructure improvement” rate instead. Last month, utility regulators rejected CUC’s renewal of .021 per kilowatt-hour surcharge under a “debt...
Posted On Jun 09 2015 06:06
, By Dennis B. Chan

Govt expends more than $1M for small business loan program

The CNMI government has expended $1 million in funding for small businesses in the current quarter. The CNMI Department of Commerce, through the Commonwealth Development Authority, has deployed the funds as part of the U.S. Department of the Treasury’s State Small Business Credit...
Posted On May 25 2015 06:00
, By Joel D. Pinaroc

11 loans out so far from SSBCI program

The Commonwealth Development Authority disclosed yesterday that 11 loans totaling some $2.17 million have been approved to date for the State Small Business Credit Initiative. According to CDA loan manager Oscar Camacho, these 11 loans have all been approved to date. The U.S....
Posted On May 21 2015 23:06
, By Dennis B. Chan

CDA gauging values of their properties

The Commonwealth Development Authority is looking to gauge the value of all their 41 properties and moved yesterday to sell a lot in Talofofo for a price of $64,000. In a CDA board meeting yesterday, discussion revealed that the lot, which will be sold to a Mark Palacios, is...
Posted On May 20 2015 04:00
, By Dennis B. Chan
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