Guam – The Guam Power Authority tomorrow night [Tuesday] will seek approval from the Consolidated Commission on Utilities [CCU] for a 9.84% increase in its fuel adjustment charge.
GPA Spokesman Art Perez told PNC News that the proposed increase in the Levelized Energy Adjustment Clause [LEAC] will mean an increase of about $23.20 cents for the average residential customers who uses about 1,000 kilowatts a month.
The reason of course is the price of crude oil.
Perez points out that the last time GPA got an increase in the LEAC, last December, a barrel of crude oil cost $83 dollars.
Now crude is selling for $106 dollars per barrel.