CUC refuses to return $800K to customers despite canceled loan

Commonwealth Utilities Corp. officials told members of a Saipan and Northern Islands Legislative Delegation panel yesterday that the estimated $800,000 they collected from customers since July 2011 to help repay a $10-million loan won’t be returned and will be used instead...
Posted On Jul 13 2012 06:45
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Active CUC customers continue to drop

The number of power, water, and sewer customers of the Commonwealth Utilities Corp. continues to drop. Records obtained from the utilities corporation show that among electric customers alone, the number of active patrons dropped by 516 this year. As of June 30 this year,...
Posted On Jul 12 2012 05:58
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CUC: Public hospital made only 2 payments for utility arrears

A Commonwealth Utilities Corp. official said that the public hospital, one of its biggest customers, made only two payments since the start of the fiscal year, resulting in the Commonwealth Health Center’s nearly $500,000 arrears with the utilities company. CUC chief...
Posted On Jul 10 2012 02:23
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Independence Bank: It’s OAG that pulled plug on CUC loan

Rhode Island-based Independence Bank business development director Michael C. Sammartino said yesterday it was the CNMI Office of the Attorney General-and not the U.S. Department of Agriculture-that pulled the plug on the $10 million loan for the Commonwealth Utilities Corp. “The...
Posted On Jul 10 2012 02:17
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