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PUC approves one-year extension of GPA contracts with TriStar for RFO pipeline and storage; fees rise about 5%
Summary
The PUC granted a one-year extension of Guam Power Authority’s pipeline and residual fuel oil (RFO) storage agreements with TriStar Terminal Guam Inc., approving fee increases of about 5% and finding the extensions prudent and necessary to maintain fuel supply until planned unit retirements.
The Guam Public Utilities Commission unanimously approved on May 20 a one-year extension of two Guam Power Authority agreements with TriStar Terminal Guam Inc. — a pipeline use agreement and an RFO storage lease — with fee increases of about 5 percent over current rates.
An Administrative Law Judge report presented to the commission recommended approval, finding the extensions necessary and prudent to preserve an uninterrupted fuel-oil supply to GPA generation facilities while GPA completes unit retirements and related transitions.
Under the storage agreement, TriStar provides GPA with roughly 422,000 barrels of residual fuel oil…
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