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OPA audit: CUC board unable to succeed

An audit of the Commonwealth Utilities Corp. states that its financial standings are better off without the “presence of an active board” and the only way for it to succeed is to gut its current structure and transform it into a completely new entity. To that, the CUC board had...
Posted On May 02 2017 06:06
, By Erwin Encinares

CUC’s Sablan agrees with OPA recommendations

A Commonwealth Utilities Corp. board member has agreed to the audit done by the CNMI Office of the Public Auditor last month recommending that the utilities company’s corporate structure be overhauled. CUC board director David Sablan Jr. told Saipan Tribune Monday that he agrees...
Posted On Apr 20 2017 06:00
, By Erwin Encinares

CUC to ask for OPA extension

The Commonwealth Utilities Corp. told Saipan Tribune yesterday that it would ask for an extension to submit their formal response after a draft audit was submitted to the utilities company by the Office of the Public Auditor last March 17. The deadline to respond expired last...
Posted On Apr 18 2017 06:06
, By Erwin Encinares

‘CUC should consider revising corporate structure’

The CNMI Office of the Public Auditor said in a draft audit completed last month that the Commonwealth Utilities Corp. is unable to operate as an independent public agency due to interferences by Legislature, various governors, and past board of directors. The audit, obtained by...
Posted On Apr 17 2017 06:06
, By Erwin Encinares
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