[email protected] From: Committee on Rules 36GL <[email protected]> Sent: Monday, May 24, 2021 6:16 PM To: Clerks; Rennae Meno Cc: Speaker Therese M. Terlaje Subject: Messages and Communications for Doc. No. 36GL-21-0617* Attachments: 36Gl-21-0617.pdf Håfa Adai Clerks, Please see attached M&C Doc. No. 36GL‐21‐0617 for processing: 36GL-21-0617 Guam Power Authority - Citizen Centric Report* Guam Power Authority Si Yu'os Ma'åse', To help protect you r priv acy, Microsoft Office prevented automatic download of this picture from the Internet. COMMITTEE ON RULES Vice Speaker Tina Rose Muña Barnes 36th Guam Legislature I Mina’trentai Sais Na Liheslaturan Guåhan 163 Chalan Santo Papa Hågatña Guam 96910 Email: [email protected] "Disclaimer: This message is intended only for the use of the individual or entity to which it is addressed and may contain information which is privileged, confidential, proprietary, or exempt from disclosure under applicable law. If you are not the intended recipient or the individual responsible for delivering the message to the intended recipient, you are strictly prohibited from disclosing, distributing, copying, or in any way using this message. If you have received this communication in error, please notify the sender and immediately delete any copies you may have received. Thank you." ‐‐‐‐‐‐‐‐‐‐ Forwarded message ‐‐‐‐‐‐‐‐‐ From: Speaker Therese M. Terlaje <[email protected]> Date: Mon, May 24, 2021 at 5:41 PM Subject: Messages and Communications for 36GL‐21‐0618 To: Legislative Secretary Amanda Shelton <[email protected]>, Committee on Rules 36GL <[email protected]> Please see attached M&C Doc. No. 36GL‐21‐0618. 36GL-21-0617 Guam Power Authority - Citizen Centric Report,* Guam Power Authority Si Yu'os Ma'ase, Maria Abante Legislative Assistant Office of Speaker Therese M. Terlaje 1 Doc. No. 36GL-21-0617.* Committee on Health, Land, Justice and Culture I Mina'trentai Sais na Liheslaturan Guåhan 36th Guam Legislature Office Location: Ada Plaza Center, Suite 207, 173 Aspinall Avenue, Hagåtña, Guam 96910 Address: Guam Congress Building, 163 Chalan Santo Papa, Hagåtña, Guam 96910 T: (671) 472‐3586 F: (671) 989‐3590 Email: [email protected] website: www.senatorterlaje.com ‐‐‐‐‐‐‐‐‐‐ Forwarded message ‐‐‐‐‐‐‐‐‐ From: Anita C Fejarang <[email protected]> Date: Mon, May 24, 2021 at 11:21 AM Subject: Guam Power Authority _ Citizen Centric Report To: Senator Therese Terlaje <[email protected]>, John J.E. Kim <[email protected]>, Lenora M Sanz <[email protected]>, Maripaz N. Perez <[email protected]>, Tamra M Muna <[email protected]> Cc: [email protected] <[email protected]> Dear Speaker Terlaje: Forwarding the attached correspondence and PDF/Citizen Centric Report for FY ending September 30, 2020. Should you require further information, please do not hesitate to call Ms. Lenora M. Sanz, Controller at 648‐3122. Thank you. LENORA M. SANZ/a cc: OPA This email was scanned by Bitdefender To help protect your privacy, Microsoft Office prevented auto matic downlo ad o f this picture from the Internet. Virus-free. www.avast.com 2 Doc. No. 36GL-21-0617.* COMMITTEE ON RULES RECEIVED: May 24, 2021 5:41 P.M. Doc. No. 36GL-21-0617.* Doc. No. 36GL-21-0617.* GUAM POWER AUTHORITY FY2020 CITIZEN CENTRIC REPORT FISCAL YEAR 2020 (OCTOBER 2019 - SEPTEMBER 2020) ABOUT US Customer Overview – FY 2020 Guam Power Authority (GPA) was Electric Revenue Composition ($) Energy Sales Composition (GWh) established in 1968 as a public corporation and autonomous instrumentality, of the Segment ($mm) Segment (GWh) Government of Guam. GPA is fully Residential $112.0 15% Residential 532.2 12% independent from its central government as 16% 20% it does not receive subsidies from the Commercial 119.9 Commercial 502.2 Government of Guam, with revenues derived Government 52.9 33% Government 179.2 of Guam of Guam 35% solely from rates. GPA is a publicly-owned, 33% retail electric utility that provides electric U.S. Navy 48.8 36% U.S. Navy 309.4 generation and transmission and distribution services throughout Guam and Total $333.6 Total 1,523 is the sole provider of such services. Customer Demographics – FY 2020 GPA has been serving Guam for more than Systems Average Rate 50 years and has evolved from an entity with Segment 2018 2019 2020 (Cents per kWh) basically no assets to one which now owns 30 25.5 Residential 44,006 44,226 44,420 25 24.1 all generation, transmission and distribution 21.9 assets outside of Guam’s US military bases. 20 Commercial 5,792 5,818 5,831 GPA generates all energy for the entire Guam 15 Government 15.2 community including the US military. The 1,573 1,698 1,686 13.9 of Guam 10 11.6 10.3 Authority is governed by the Consolidated 10.2 10.3 5 Commission on Utilities (CCU), an elected U.S. Navy 1 1 1 0 five-member Board and is subject to Total 51,372 51,743 51,938 2018 2019 2020 regulations of the Guam Public Utilities Base Rate LEAC Total Commission (GPUC). Regional Rate Comparison – As of September 30, 2020 VISION Guam $ 18.14 GPA will be the best utility providing 70 $65.93 Saipan $ 20.14 60 $56.25 outstanding energy solutions to our island $53.14 Virgin Islands $ 41.03 $48.91 community. 50 $46.32 $41.03 Kauai $ 30.82 40 $30.82 MISSION Oahu $ 65.93 30 $20.14 Hawaii $ 53.14 20 $18.14 GPA shall provide: 10 Reliable Maui $ 46.32 0 Efficient, Effective, Environmentally Sound Molokai $ 48.91 Guam Saipan Virgin Kauai Oahu Hawaii Maui Molokai Lanai Affordable, Accountable Lanai $ 56.25 Islands Leading Energy Solutions Electricity Rate Breakdown GOVERNANCE $1 Cost Allocation Category AND LEADERSHIP Consolidated Commission on Utilities Joseph (Joey) T. Dueñas, Chairman Francis E. Santos, Vice Chairman Michael T. Limtiaco, Secretary Simon A. Sanchez II, Commissioner Pedro Roy Martinez, Commissioner Guam Power Authority John M. Benavente, P.E. General Manager WHAT’S INSIDE P.2 Our Progress P.3 Our Finances P.4 Our Future Challenges 54 cents 17 cents 13 cents 6 cents 4 cents 4 cents 2 cents Production Debt Service Administrative Other Transmission IPP Customer Fuel Cost Payments and General Production and Distribution (Purchased Accounting Published: May 2021 Doc. No. 36GL-21-0617.* Costs Costs Power) GUAM POWER AUTHORITY FY2020 CITIZEN CENTRIC REPORT OUR PROGRESS Accomplishments and Key Strategies KEY STRATEGIES 2018 2019 2020 COVID-19 PANDEMIC YEAR PRODUCT • No increase in GPA base rate • No increase in GPA base rate • No increase in GPA base rate AFFORDABILITY • Prudent managing of LEAC rate • Prudent managing of LEAC rate • Prudent managing of LEAC rate • FTE level of 464 • FTE level of 454 • FTE level of 443 • $1.5 million increase in overtime due to • $1.3 million overtime expenditures to • $1.9 million regular overtime expenditures typhoon preparation and recovery assist Saipan, CNMI with Super • Customers impacted financially by the Typhoon Yutu recovery COVID-19 pandemic entered into arranged payment plans • Redesigned/more customer-friendly • Provided more efficient and non-contact • Suspended power account monthly energy statement payments online with PAYGPA, EZPAY disconnections; waived customer late • MasterCard debit and credit cards made for mobile and telephone payments and fees and penalties SUPERIOR pre-arranged ACH bank transfers CUSTOMER available to commercial customers • Launched e-billing, through paygpa.com, • Additional Saturday hours at the GPWA • The addition of MYENERGY.COM for allowing customers to view their SERVICE Customer Service Satellite Office in customers to manage and monitor statements online Upper Tumon home residential usage • GPA paid out $1.6 million in Energy • GPA paid out $1.4 million in Energy • GPA paid out $1.5 million in Energy Sense Rebates Sense Rebates Sense Rebates • Offered a variety of touchless options: LIVE telephone services, online payments, GPA Pay-by-Phone, a mobile app, Drive-Thru payment windows and E-mail communications • Completed $11 million land purchase to • Construction near completion of the • Hagåtña 24-megawatt utility-scale Energy build the new Ukudu, Dededo baseload Hagåtña 24-megawatt and Talofofo Storage System and Talofofo power plant 16-megawatt utility-scale Energy 16-megawatt utility-scale Energy Storage • Construction continued on the Hagåtña Storage System System completed HIGH SYSTEM 24-megawatt and Talofofo-16 megawatt • Signed two 60 megawatt Power • Construction underway at the Malojloj Energy Storage System projects Purchase Agreements with partners 60-megawatt and Mangilao 60-megawatt RELIABILITY KEPCO and Hanwha solar photovoltaic project sites • Signed a 25-year IPP contract with • Design, permitting activities including KEPCO for the construction of the biological and wetland assessment, 180-megawatt Ukudu baseload power developing requirements for cultural plant assessment proceeding for the construction of the 198-megawatt Ukudu baseload power plant • Completed procurement for a Phase III Renewables 40-megawatt solar photovoltaic project including full energy shifting Energy Storage Systems. Award is pending FINANCIALLY SOUND • 173 days unrestricted cash. • 176 days unrestricted cash. • 249 days unrestricted cash AND STABLE • Debt service coverage of 2.53x • Debt service coverage of 1.97x • Debt service coverage of 1.67x • GPA maintained its current credit ratings: • GPA maintained its current credit ratings: • GPA’s credit ratings despite COVID-19: - S&P-BBB/Stable Outlook - S&P-BBB/Stable Outlook - S&P-BBB/Stable Outlook - Moody's-Baa2/Negative Outlook - Moody's-Baa2/Stable