http://www.mvariety.com/?module=displaystory&story_id=9690&format=html
By Raymond A. Martinez
Variety News Staff
THE Commonwealth Utilities Corp. has increased its electric fuel rate this month for its commercial, government, and non-conforming load customers.
Based on CUC’s April schedule of electric charges and rates, the electric fuel rate for commercial, government, and non-conforming load was raised to $0.327 after the cost of fuel per barrel reached $132.
CUC said last month the fuel cost was between $110 and $120 per barrel.
The $0.327 is applied to all kilowatt-hour electric usage of non-residential customers.
Currently, the total rate per kilowatt hour for commercial customers is up from last month’s $0.374 to $0.413.
The total rate per kilowatt hour for government customers is up from $0.379 to $0.418.
The total rate per kilowatt hour for non-conforming load customers is up from $0.510 to $0.549.
Non-conforming load refers to CUC’s Tinian customers which include the International Broadcasting Bureau.
CUC said the monthly charge and the electric non-fuel rate are still fixed at their old amounts.
The electric non-fuel rate for commercial is at 0.086, government at 0.091, and con-conforming load at 0.222.
The electric fuel rate for residential customers still remains at 17.6 cents per kilowatt hour, pursuant to Public Law 15-94 which lowered the ceiling rate of electric fuel from 25.3 cents per kwh.
CUC Executive Director Anthony C. Guerrero earlier said that they were only able to purchase 11,000 barrels of fuel from Mobil due to lack of funds.
CUC could pay only $1.5 million for the fuel delivery, short of 14,000 barrels to operate its power plant facilities for one month.
Press Secretary Charles P. Reyes Jr. said, “We are still addressing the issue. It is a very difficult matter.”
Wednesday, April 9, 2008
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