The House of Representatives in the CNMI is poised to act today on two bills that will pave the way for the planned privatization of Saipan's power system.
The House bill seeks to amend the recently enacted Public Utilities Commission Act and allow the power company, the Commonwealth Utilities Corporation, to proceed with its privatization plan.
The Saipan Tribune reports the Senate bill proposes to amend the law that waived CUC's 45.5 million US dollar debt to the Commonwealth Development Authority.
