Sunday, May 26, 2013

VIDEO: CUC Emergency Declaration Renewed

Guam News - Guam News

Saipan - Acting governor Eloy S. Inos Tuesday renewed for another 30 days the Commonwealth Utilities Corp.'s emergency declaration, citing the utilities company's continued cash flow problems, the dearth of U.S. workers with technical training, the existing renewable energy crisis, and lack of a CUC board of directors.

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The state of emergency effectively suspends regulations and allows the government to reprogram funds to address cash, procurement, and hiring crises at CUC.

The CUC was first placed under emergency status on Aug. 1, 2008; that was lifted only on March 28, 2011.

The latest emergency declaration for CUC was announced last May 18 and was renewed a month later, making Inos' latest declaration the second for the embattled utilities firm.

Aside from the CUC, the Executive Branch also placed under a state of emergency the NMI Retirement Fund and the Commonwealth Healthcare Corp.

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