AGP Executive Report
Last update: 11 hours agoDisaster Finance for CNMI Utilities: The House unanimously passed HB 24-107 to let the Commonwealth Utilities Corporation secure up to a $40M emergency line of credit for restoration, stabilization, and fuel procurement after Super Typhoons Sinlaku and Bavi; it now heads to the Senate. Typhoon Recovery Fuel Push: A Guam-to-Rota fuel partnership involving Tinian Shipping Services, South Pacific Express, DFS Enterprises, CTSI, Norton Lilly, Black Construction, Mobil and the Port Authority of Guam delivered critical supplies, with the first shipment arriving July 17. CUC Power Update (Tinian): As of July 16, power returned to 923 customers on Tinian, but some areas remain dark due to transmission/distribution parts, transformers, and damaged poles. Local Governance & Funding Limits: Gov. Apatang vetoed Tinian and Rota emergency funding bills after the AG said the appropriations conflict with the Covenant Fund law. Fuel Prices Under Strain: Diesel prices rose on Saipan and stayed high on Tinian and Rota, with Tinian still under a 10-gallon purchase limit while a tanker is expected. Workforce Uncertainty (CW-1): The Saipan Chamber of Commerce warned CW-1 processing delays of about four to nine months are making hiring and planning harder for employers. Deep-Sea Mining Alarm: A new report says seabed mining risks “unexamined” radioactivity, citing studies of radioactive isotopes on polymetallic nodules. Daylight Saving Policy Watch: The House passed a bill to allow year-round daylight saving time, but CNMI already does not observe it. Banking Relief: Bank of Guam launched a three-month payment forbearance program for eligible Rota customers and offers options for Guam, Saipan, and Tinian borrowers.
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