The Commonwealth Utilities Corp. sees a potential drop in power rates for both residential and commercial customers if at least three to four hotels hook up to its electric grid.<\/p>\n
During a CUC board meeting last Thursday, economist.com managing director Robert Young told board members that hotels going back to the CUC grid is a great way to reduce rates.<\/p>\n
This subject came up during economist.com\u2019s presentation on ways to lower utility rates for all CUC customers.<\/p>\n
Young said these large hotels connecting to the CUC grid will provide the utilities agency the litheness to lower its rate.<\/p>\n
\u201cWe will need two, three possibly four hotels to subsidize the rates,\u201d Young told the board.<\/p>\n
CUC board chair David Sablan Jr. asked Young if they could incorporate the addition of new hotels to the presentation and include incentives for hotels.<\/p>\n
\u201cRight now we need to entice people to come on to the grid and increase our revenue. I agree with Young because that is job number one, to get these people on,\u201d Sablan said.<\/p>\n
\u201cIf we get them on, then we can already consider a reduction overall in rates. The incentive rate now is an introductory rate so that they can come back to the grid,\u201d he added.<\/p>\n
Young disclosed that Duty Free Saipan is already a 100 percent sure they will go back to CUC\u2019s grid.<\/p>\n
\u201cThose have never contributed to our revenue stream because they were off the grid and using their own generators. So if they come back on, that will be a plus cash for us. The group that remained has been paying a higher rate and not the introductory rate. If we have new groups coming on, then we can reduce the commercial rate more and the rate will go down,\u201d Sablan said.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Commonwealth Utilities Corp. sees a potential drop in power rates for both residential and…<\/p>\n","protected":false},"author":45,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[49,67,50,244],"class_list":["post-184035","post","type-post","status-publish","format-standard","hentry","category-local-news","tag-cuc","tag-people","tag-power","tag-utility"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/184035","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\/45"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/comments?post=184035"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/184035\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=184035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=184035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=184035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}