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CDA affirms suspension of CUC payments

Understanding the cash-flow situation of the Commonwealth Utilities Corp., coupled with the potential ripple effects of continued power rate hikes, the Commonwealth Development Authority agreed to suspend any payments from CUC relating to the millions of preferred stocks and...
Posted On Mar 27 2014 14:10
, By Moneth G. Deposa

Ayuyu appeals to hotels: Be part of the solution

Joe Ayuyu, owner and president of McDonald’s Saipan, appealed yesterday to the CNMI’s hotel industry to reconsider their position on the proposed standby charge and hook up to the Commonwealth Utilities Corp.’s power grid. “It’s time to make some sacrifices. These hotels have...
Posted On Mar 27 2014 13:53
, By Moneth G. Deposa

New law lowers CUC reconnection fee

Besides the Saipan casino legislation, Gov. Eloy S. Inos signed three other bills into law on Friday including one that drastically cuts the reconnection fee for Commonwealth Utilities Corp. customers. For example, the reconnection fee will now be $25 instead of $60 for CUC...
Posted On Mar 26 2014 13:16
, By Haidee V. Eugenio

Wiseman denies Fitial’s motion to dismiss himself from PPA lawsuit

Superior Court Associate Judge David A. Wiseman yesterday issued an order denying former governor Benigno R. Fitial’s motion to dismiss himself as a party to a lawsuit filed by Rep. Janet U. Maratita (IR-Saipan) and others over the controversial $190.8-million power purchase...
Posted On Mar 26 2014 13:15
, By Ferdie De La Torre
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