AGP Executive Report
Last update: an hour agoUtilities: A hearing administrator recommends approving CUC’s three-year rate plan to address a projected $24 million shortfall and aging infrastructure. The CPUC is expected to vote Nov. 20; if approved, the first increases could take effect Dec. 1, despite public opposition. Household Costs: Saipan gas stations cut regular fuel by 40 cents to $6.16 a gallon, the second rollback in two weeks. Business Costs: Swire Shipping will raise fuel surcharges on some Pacific routes from Nov. 15, including to $535 per 20-foot container, adding pressure to freight costs. Local Business: A House panel advanced a bill allowing two-year business licenses but tabled a proposal requiring photo ID for card transactions, pending revisions. On Rota, Puesto Grill is turning to catering as federal recovery workers leave and customer traffic declines. Economic Outlook: CNMI voters returned Delegate Kimberlyn King-Hinds, while the governor’s race heads to a runoff, leaving economic recovery and investment among the central campaign issues. Research Funding: UOG Sea Grant is inviting proposals for island sustainability projects, with up to $100,000 available for two-year studies serving CNMI and the wider Pacific.
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