The Commonwealth Utilities Corp.\u2019s fuel supply for Power Plant 1 in Lower Base will last only until the end of next week as CUC was short of $2 million to pay Mobil, its fuel supplier.<\/p>\n
CUC executive director Anthony Guerrero told Saipan Tribune yesterday that they are continuously talking with the Fitial administration regarding assistance.<\/p>\n
\u201cTo the credit of the administration, they are also trying to give whatever assistance they can,\u201d Guerrero said.<\/p>\n
The Mobil tanker carrying 25,000 barrels of fuel worth $3.5 million for one-month supply to Power Plant 1 arrived on Saipan last Thursday.<\/p>\n
Guerrero said CUC did not have $3.5 million and managed to pay Mobil only $1.5 million, which represents 11,000 barrels.<\/p>\n
\u201cSo the remaining $2 million, we were unable to make that payment through our regular collections. We were asking for additional assistance from the administration. But they are also in a situation of their own,\u201d he said.<\/p>\n
The executive director noted that the 11,000 barrels that were delivered to CUC would last for only 10 to 12 days at Power Plant 1.<\/p>\n
He said the fuel supply will last until next week because CUC has an additional four days of fuel supply in the tank.<\/p>\n
\u201cWe need to at least continue whatever efforts we can with Mobil and the administration. We definitely need assistance. We cannot carry this with our collections right now,\u201d Guerrero said.<\/p>\n
He said that CUC has been facing a shortfall in collections since March 3 when the power rate reverted back to 17.6 cents per kWh for residential customers.<\/p>\n
\u201cEven prior to that, even when we administered emergency regulations we were not recovering full cost. We were only recovering on the fuel surcharge,\u201d he added.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Commonwealth Utilities Corp.\u2019s fuel supply for Power Plant 1 in Lower Base will last only until the end of next week as CUC was short of $2 million to pay Mobil, its fuel supplier.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-121585","post","type-post","status-publish","format-standard","hentry","category-local-news"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/121585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/comments?post=121585"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/121585\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=121585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=121585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=121585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}