From $10.6 million in September, the Commonwealth Utilities Corp.\u2019s power billing collection nosedived to just $4.2 million last November\u2014a steep 60.47-percent decrease\u2014in the wake of Super Typhoon Yutu\u2019s devastation. <\/p>\n
That makes it the lowest amount that CUC collected for power since October 2017, according to acting chief financial officer Corina Magof\u00f1a in her recent presentation to the CUC board.<\/p>\n
The $4.2 million in power collection is for the month that ended on Nov. 30, 2018, she added.<\/p>\n
Power collection for the month of October 2018\u2014when Yutu hit the CNMI\u2014was $5.3 million, Magof\u00f1a said.<\/p>\n
CUC expects another significant drop in power collection this December.<\/p>\n
Yutu struck Saipan and Tinian last Oct. 24 and 25.<\/p>\n
Water collection last September amounted to $763,000; it dropped to $461,000 last November\u2014a 39.58-percent decrease.<\/p>\n
Last October, water collection was at $796,000.<\/p>\n
Sewer collection was at $242,000 last September and it dropped to $115,000 last November, for a 52.47-percent decrease. Last October, sewer collection was at $239,000.<\/p>\n
In total, Magof\u00f1a said, power, water, and sewer collections for November totaled $4,765,902. <\/p>\n
Other revenue sources\u2014such as customer deposits, penalties, and miscellaneous\u2014was at $71,248. This brought to the total collection to $4,837,150, she said.<\/p>\n
Magofna said the actual total revenues for power, water, and sewer was $6.6 million, while the total projected revenues is $9.3 million\u2014a 29-percent variance. <\/p>\n","protected":false},"excerpt":{"rendered":"
From $10.6 million in September, the Commonwealth Utilities Corp.\u2019s power billing collection nosedived to just…<\/p>\n","protected":false},"author":23,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[94],"tags":[49],"class_list":["post-291060","post","type-post","status-publish","format-standard","hentry","category-headlines","tag-cuc"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/291060","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\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/comments?post=291060"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/291060\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=291060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=291060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=291060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}