Two businesses receive funds for renewable energy investment
The U.S. Department of Agriculture’s Rural Energy for America Program awarded a total of roughly $1.7 million to two local companies for investment into energy efficiency.
Monster Auto Corp., which does business as AutoSpot Guam, and TeleGuam Holdings, LLC, which does business as GTA were approved for funding from the REAP grant which resulted in awards of $1 million and $795,000 respectively.
Rows of photovoltaic panels at the Mangilao Solar Power Plant. Monster Auto Corp. and TeleGuam Holdings both intend to invest their funds into solar energy. Photo by Skyler Obispo.
According to a statement made by Guam’s Congressional delegate, James Moylan, both companies intend to use the funds by purchasing and installing solar energy systems.
Alongside the awarding of the funds, both companies require a borrower contribution. mbj
Guam Power Authority residential customers could see as much as a $53 savings in monthly power bills beginning Aug. 1, following the Guam Public Utilities Commission’s approval of a flat Levelized Energy Adjustment Clause.
Rory J. Respicio, general manager of the Port Authority of Guam, shared a proposed 17% adjustment plan to labor fees at the Port during a June 25 presentation to the Guam Chamber of Commerce’s general meeting at the Hilton Resort Guam in Tumon.
The public hearing for bill 11-38 is set to resume on July 7 from 2 p.m. to 10 p.m., according to Sen. Christopher M. Dueñas, chairman of the Committee on Finance and Budget of the 38th Guam Legislature
