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 noted the renewal reduces coverage limits from $200 million to $150 million, lowers certain caps to $25 million, and continues cyber coverage with $3 million in limits and a deductible of $250,000. "By doing a few things and taking a little more risk," Anthony said, the Authority achieved a lower price for the renewal.

The commission's approval followed discussion about a typo in the draft order and clarifications on the dollar amounts. Commissioner Rowena Perez Camacho sought confirmation of the $6.7 million figure and counsel confirmed the amount and said he would correct the typographical errors in the order.

Anthony also underscored that prior PUC decisions have found contract extensions prudent when the utility cannot complete a full solicitation before existing coverage expires. The ALJ report presented the renewal as reasonable and necessary under the time constraints.

The motion to approve the renewal was made, seconded and passed unanimously.

The PUC did not approve changes to the statutory or regulatory framework in this action; it limited its decision to the specific extension and the contract terms presented for the one‑year option.