Representatives of economist.com, the rate regulatory consulting company of the Commonwealth Utilities Corp., is set to arrive on the island in the first two weeks of January.<\/p>\n
According to legal counsel James Sirok, the Fuel Adjustment Charge or FAC, formerly known as the Levelized Energy Adjustment Clause, is in need of attention.<\/p>\n
Due to the weather and storms experienced in the last few months, despite the changing fuel prices, CUC was unable to perform a rate calculation so as to calculate overpayments and disburse the monies back to customers.<\/p>\n
Board member Joe Torres said that while the FAC is important, adjusting water rates should also be considered in the future.<\/p>\n
Sirok said that U.S. District Court for the NMI designated Judge David O. Carter will also be paying CUC a visit come January for a status conference on Jan. 26 to ensure CUC\u2019s compliance with stipulated court orders.<\/p>\n
Earlier this month, Carter expressed the urgency for CUC to complete its new pipeline.<\/p>\n
The oil pipeline project is an 8-inch aboveground receiving pipeline that delivers diesel from the Mobil oil facility to CUC Power Plants 1 and 2 in Lower Base. The U.S. Environmental Protection Agency has stated that the pipeline must be properly replaced as it poses an irreparable environmental harm.<\/p>\n","protected":false},"excerpt":{"rendered":"
Representatives of economist.com, the rate regulatory consulting company of the Commonwealth Utilities Corp., is set…<\/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":[49,5074,8811,1749],"class_list":["post-217282","post","type-post","status-publish","format-standard","hentry","category-local-news","tag-cuc","tag-fac","tag-fuel-adjustment-charge","tag-james-sirok"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/217282","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=217282"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/217282\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=217282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=217282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=217282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}