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PUC approves GPAone-year property insurance renewal at $6.7 million
Summary
The Guam Public Utilities Commission unanimously approved a one‑year extension of Guam Power Authority's property insurance at an estimated cost of $6.7 million, while noting reduced coverage limits and higher deductibles.
The Guam Public Utilities Commission on Oct. 30 unanimously approved the Guam Power Authority's request to exercise a one‑year option to renew its property insurance at an estimated cost of $6,700,000.
Legal counsel Anthony told commissioners the renewal is necessary because GPA lacks sufficient time to complete a new solicitation before the Nov. 1, 2025 coverage expiration. He…
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