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Scheduled power service interruption on June 23

Scheduled power service interruption on June 23
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CUC-PSS net metering agreement approved

THE Commonwealth Utilities Corp. board on Wednesday approved the CUC-Public School System net metering policy memorandum of agreement. Following the approval of the MOA, CUC legal counsel Jose Mafnas Jr. said PSS can avail itself of net metering benefits. But he said there is a legal issue between CUC and PSS regarding  the interpretation of some of the language of Public Law 18-75, which allows CUC to establish a net metering agreement with public health and education entities. Mafnas said that the CUC board “recognized the need for this MOA, so that PSS can install its solar panel system.” He said the agreement will also allow the parties to amend the MOA if needed pursuant to the opinion of Attorney General Edward Manibusan.

Scheduled power service interruptions on June 1

Central government, CHCC making regular payments to MPLT

THE Commonwealth central government has been making regular payments for the $15 million it borrowed from the Marianas Public Land Trust in 2019 for the extraordinary expenses incurred during Super Typhoon Yutu recovery, according to official documents obtained by Variety. The Commonwealth Healthcare Corp., for its part, is also paying its $3 million line of credit provided by MPLT in 2012 at an interest rate of 5%. Initially, CHCC paid the monthly interest only, but in 2018, it started making monthly payments of $53,000 for the principal and interest. It still owes MPLT $1,561,041.03. MPLT’s loan prevented the closure of some of CHCC’s services and allowed the hospital to pay its doctors and nurses.

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