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Sources say CUC refuses to honor John Riegel’s contract

The Commonwealth Utilities Corp. board is refusing to honor amendments made to chief engineer John Riegel’s contract last year purportedly over their disapproval over clauses on pay, a termination clause, and its contract period terms, multiple sources told Saipan Tribune...
Posted On Jul 13 2016 06:06
, By Dennis B. Chan
1

CUC is going bankrupt

The Commonwealth Utilities Corp. is leaning toward insolvency as it currently has no money to pay for its day-to-day operations and debt service, among others. Chief financial officer Matt Yaquinto reported to the CUC board that, as of May 12, they have a negative $303,463 in...
Posted On May 25 2016 06:06
, By Frauleine S. Villanueva-Dizon

CUC to redistribute anew $1.9M in credit vouchers

Eligible residential customers of the Commonwealth Utilities Corp. will have another round of credit from unused Best Sunshine International, Ltd. utility vouchers. According to CUC chief financial officer Matt Yaquinto, they are redistributing approximately $1.9 million worth of...
Posted On Mar 08 2016 06:06
, By Frauleine S. Villanueva-Dizon

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