With fuel costs rising because of the war in Iran, one Guam senator has introduced legislation to provide energy power credits for residents, and the island’s attorney general is investigating the rapid increase in gas prices.
Sen. William Parkinson has introduced Bill 289-38, which would appropriate more than $32 million for the energy credit program. The program would provide $100 a month for six months to Guam Power Authority residential, commercial and master-meter customers.
The program would be in effect from March through August, and would only be credited for current bills, not past due amounts.
The credits would be tax exempt.
Meanwhile, Attorney General Douglas Moylan has called for a round table with representatives of Guam’s three fuel companies to investigate why prices have increased so rapidly – with the cost of regular unleaded fuel going up $1.20 a gallon in two weeks.
Moylan said his office would discuss strategies with the fuel companies for lowering consumer gas prices on Guam.
