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CPUC: No to debt service surcharge

Public utility regulators determined yesterday that the request for a debt service surcharge on electric customers is not reasonable, and that there was no immediate need for this relief as requested. The Commonwealth Utilities Corp. was requesting an “interim debt service...
Posted On May 12 2015 04:00
, By Dennis B. Chan

CDA seeks buyers for its Oleai building

The Commonwealth Development Authority will seek the interest of those willing to purchase their office location in Oleai. The CDA board of directors approved a move to solicit proposals for the CDA building at their meeting on Tuesday. Board member Tom Glenn Quitugua said they...
Posted On May 01 2015 04:00
, By Dennis B. Chan

CDA looks to sell foreclosed properties on Rota

In order to look into the sale of property on Rota, the Commonwealth Development Authority will amend a policy on the required six-month appraisal evaluation on foreclosed properties. The board agreed that should there, “be any unique circumstance or offer that is on the table”...
Posted On May 01 2015 04:00
, By Dennis B. Chan

CDA approves City Trust Bank for small business loan initiative

The Commonwealth Development Authority has added City Trust Bank as a depository of State Small Business Credit Initiative funds. The money deposited in the account will serve as collateral for City Trust Bank as it participates in a program that CDA hopes will push out some $4...
Posted On May 01 2015 04:00
, By Dennis B. Chan
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