Guam – The Public Utilities Commission [PUC] Monday night approved a request for an increase in the fuel surcharge, the Levelized Energy Adjustment Clause [LEAC}.
GPA originally asked for a 17% LEAC increase and that was approved last December by the CCU. But a consultant recommended bumping the request up to 18.5% which is what the PUC approved Monday night.
The Guam Power Authority sought the increase because of the steady rise in crude oil prices since last summer which have climbed from the $60 dollar a barrel range to above $90 dollars this week.
At last night’s meeting Senator Ben Pangelinan urged the PUC to look at alternatives to increasing the LEAC. Pangelinan says that the PUC did agree to look at LEAC again in April.
The increase takes effect immediately. The average residential customer who uses 1000 kilowatt hours a month, can expect an increase of about $36 dollars on their monthly power bill.