Port seeks tariff correction before PUC with small per‑item impact, officials say
Summary
Port officials told the committee they have a petition before the Guam Public Utilities Commission to correct tariff structures and to add an escalation tied to CPI or a 3.5% floor; a consultant estimated the change would be roughly one‑tenth of a penny per canned good and about $60 per container.
The Port Authority of Guam has filed a petition with the Guam Public Utilities Commission seeking a correction to how certain labor and tariff charges are computed, port officials told legislators Sept. 18. The petition requests establishment of a periodic escalation tied to the consumer price index or a fixed percentage to keep labor charge‑out rates current.
Rory Respicio said the port asked the board to approve a three‑year escalation mechanism, and that the PUC consultant affirmed the port's calculations and recommended an escalation method. "This will translate to 1 10th of a penny for every, canned good or about $60 per container," Respicio told the committee, reflecting the consultant's impact estimate. Port officials said the tariff change is structured as a correction rather than a new revenue grab and that Moody's and bond analysts were briefed on the petition.
Respicio said the port and industry considered whether an escalation should be "3.5 percent or the CPI, whichever is lower or higher," and the board adopted a resolution asking the PUC to consider an approach; ultimate timing and implementation will be set by the PUC's administrative process.
The committee recorded the discussion during the nominee hearing and continues to accept written input.
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