18 Jun 2014

CNMI utility has a week supply of fuel left

3:37 pm on 18 June 2014

The government-owned utilities company in the Northern Marianas has just one week of fuel left for its power plants on Saipan, Tinian and Rota.

The Commonwealth Utilities Corporation chief financial officer, Charles Warren, says it is still buying fuel twice a week for Saipan, about every 8 to 10 days for Tinian, and every two weeks for Rota.

The company operates three power plants, which are all oil-fueled diesel engines.

It spends between 60 and 65 million US dollars each year on fuel.

As a non-profit agency, the Commonwealth Utilities Corporation relies heavily on the revenue it collects from ratepayers.

Its biggest customers, the central government, public schools, and the hospital, owe it more than 22 million US dollars, on top of unpaid dues from residential and commercial users.