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Facts and figures

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Home >> Facts and figures

Facts and figures

  • Date Posted: Jun 12, 2023
  • Opinion: Editorial
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    Facts and figures

The stories will continue to roll out about Typhoon Mawar. As will the numbers.

Of Guam Power Authority’s 63 feeders – the power lines through which electricity is transmitted – 56 are partially energized as of June 8.

On Day 14 after the May 24 typhoon, GPA now has 66% of the system load restored with 48.8% customers once more connected to the island’s power system.
The good news is that customers of GPA will see another energy credit of $100 from May to September – at a cost of $52.7 million a month, and that the Levelized Energy Adjustment cost will be reduced by about 27%.

And 2,498 tax refund payments totaling $5.8 million will be paid out in the next three to six weeks.

Gov. Lourdes A. Leon Guerrero signed Bill 127-37 into law as Public Law 37-17, approving up to $50 million from the general fund for emergency response expenses. These will include overtime for both exempt and non-exempt staff.

The prediction from the Guam Visitors Bureau is that it will take 24 to 30 months for our tourists to regain their confidence in Guam. April arrivals of 49,835 will look attractive compared to upcoming numbers.

As our coverage in the paper shows, businesses are of necessity repairing the damage the typhoon caused, leaving many of them out of pocket until they can recoup claims, income, or grants.

Highly indicative will be the number of households that were damaged in May, the total figure that insurance companies will pay out – currently estimated in the millions rather than hundreds of millions, and the number and dollar figure of Federal Emergency Management Administration assistance, as well as the number of U.S. Small Business Administration loans approved, with interest currently at about 4%.

After Typhoon Pongsona, FEMA and other federal disaster assistance for Guam was more than $300 million by 100 days after the typhoon, including $60 million in initial disaster response. mbj
 
 
 
 

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