Saipan – The CNMI utilities company has only a one-week supply of fuel for its power plants on Saipan, Tinian, and Rota.
The Commonwealth Utilities Corp. told Saipan Tribune that the Saipan and Tinian power plants have about one week of fuel on stock, while it has a bit more than a week’s supply for Rota.
CUC chief financial officer Charles Warren said they are still buying fuel twice a week for Saipan, about every 8-10 days for Tinian, and every two weeks for Rota.
CUC operates three power plants, which are all oil-fueled diesel engines. It spends between $60 million and $65 million each year on fuel.
As a nonprofit agency, CUC relies heavily on the revenue it collects from ratepayers. At present, its biggest customers—the central government, public schools, and the hospital—owe it over $22 million, on top of unpaid obligations from residential and commercial users.