A bill has been proposed seeking to \u201creform\u201d the Commonwealth Utilities Corp. board of directors.<\/p>\n
Senate Bill 19-07, titled \u201cCommonwealth Utilities Corporation Directors Reform Act of 2015,\u201d is being introduced by Sen. Sixto K. Igisomar (R-Saipan).<\/p>\n
The bill states that \u201cCUC must continue to operate as well as seek financing to successfully complete required projects to achieve environmental compliance and develop the utility.\u201d<\/p>\n
It further stated that the CUC \u201cmust have acceptable corporate governance in place,\u201d in order to qualify for a grant or loan, particularly from the U.S. Department of Agriculture.<\/p>\n
The bill adds that the executive director \u201chas been acting under the governor\u2019s direction to continue the operations of CUC without a board in place.\u201d<\/p>\n
One major change detailed in the bill is to \u201crestructure the board of CUC so that it can act as a governing board,\u201d that is a board that \u201cdetermines policy and regulation, allocates resources, hires the executive director, oversees management and organizational performance, protects consumers and public interests, and makes major decisions.\u201d<\/p>\n
The bill also suggests a clear \u201cdelineation\u201d of the roles of the board and management, where management runs the daily operations while the board makes and reviews \u201clarger financial decisions and policy matters.\u201d<\/p>\n
There is also a need to hire an expert in the fields of energy and utility, the bill suggests.<\/p>\n
Igisomar presented SB 19-07 at the recent session of the Senate of the 19th Northern Marianas Legislature. (Joel Pinaroc)<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" A bill has been proposed seeking to \u201creform\u201d the Commonwealth Utilities Corp. board of directors….<\/p>\n","protected":false},"author":18,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[260,49,1411,244],"class_list":["post-190597","post","type-post","status-publish","format-standard","hentry","category-local-news","tag-commonwealth-utilities-corp","tag-cuc","tag-senate-bill","tag-utility"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/190597","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\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/comments?post=190597"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/190597\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=190597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=190597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=190597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}