![]() “I believe this new generator will serve our ratepayers best,” he said. It’s a cheaper alternative than renovating existing power plants and continuing to burn expensive fuel, he said. He said the new power plant will bring GPA into compliance with federal clean air standards and avoid costly federal fines. ![]() Simon Sanchez, a member of the Consolidated Commission on Utilities, testified in support of the contract, stating Guam’s isolated power grid requires a combination of conventional fossil fuel and renewable energy. The contract still requires PUC approval before GPA can sign it, and the PUC scheduled several public hearings in advance of its next regular meeting, Oct. 3 voted unanimously to endorse the contract after Korea Electric was selected through a procurement process. The Consolidated Commission on Utilities on Sept. The average customer’s bill is projected to be 7.95% lower, beginning in 2023, when the power plant is expected to start operating. More: Senators dig deeper into proposed power plant deal, will testify before PUC against it More: Court documents: Guam Power Authority never agreed to sue over Cabras explosion The Public Utilities Commission this week started to gather public comment on a proposed Guam Power Authority power plant contract which would cost ratepayers $3.12 billion over 25 years.Īccording to GPA, the agreement with Korea Electric Power Company to build and operate a 198-megawatt power plant in Dededo would require a rate increase but would significantly reduce fuel costs, resulting in lower monthly power bills for customers.
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