CUC buys out IPP contract for $7.25M

The Commonwealth Utilities Corp. will soon be taking over the Power Plant 4 station in Puerto Rico after the utilities firm entered into an agreement to buy out the contract of independent power producer Pacific Marine & Industrial Corp. for $7.25 million. Acting CUC...
Posted On Jun 29 2012 01:38
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Bidder for CUC waterline project loses appeal

The Office of Public Auditor last week denied Tropex Garden’s appeal protesting the Commonwealth Utilities Corp.’s decision to award a waterline project to GPPC Inc. Tropex Garden was among the three responders to the project. “CUC based its decision in denying the...
Posted On Jun 28 2012 09:25
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Central govt, PSS, CHC now owe CUC $9.2M

Arrears owed by the Commonwealth Utilities Corp.’s three biggest customers-the central government, the Public School System, and the Commonwealth Healthcare Corp.-have jumped to over $9 million, according to CUC chief financial officer Charles Warren. Based on its latest...
Posted On Jun 28 2012 09:16
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Fletcher: Fiscal emergency still real at CUC

Despite rumors the Legislature may eventually overturn its state of emergency, Commonwealth Utilities Corp. acting executive director Alan Fletcher said the utilities company actually benefited from the executive order. Among these benefits, Fletcher said, is the current...
Posted On Jun 27 2012 08:12
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