20 Aug 2012
- By Junhan B. Todeno - Reporter
AS of yesterday, the government owed the Commonwealth Utilities Corp. a total of $8,992,650 in unpaid utility bills, CUC chief financial officer Charles Warren said.Of this amount, $2,314,234 was incurred by central government; $3,633,139, Commonwealth Healthcare Corp.; and $3,045,277, Public School System.
Though autonomous entities, the budgets of CHC and PSS come from the central government.
Warren said the central government was able to pay $250,000 on Aug. 13 while CHC paid $216,000 on Aug. 8 and PSS paid $151,327 through the central government on July 26.
Warren at the same time said they are forecasting savings of $2 million in operating expenses this year.
“We’ve been very aggressive in expense control,” he added, referring to the higher revenue of the water and wastewater division and the “significant deferral of maintenance items, primarily in the power division.”
Warren said their higher revenue can be attributed to the metering program mandated by the federal stipulated orders as well as the higher rates implemented recently.