Thursday, March 20, 2008

M24- CUC WILL CRASH AND BURN

INCOME MUST EXCEED OUTGO
This is basic simple business economics. Everyone knows this it seems, except our legislature. CUC is presently not on track. With the lowered residential power rates set last fall, just before the elections by some vote grubbing legislators wanting to get reelected, CUC is headed for a disaster. CUC will fold up, completely crash. It's only a matter of time if we stay on this self destructing course.
Note: Story
According to CUC's schedule of electric charges and rates released by the utility agency's Betty Diaz, the 17.6 cents per kWh fuel rate will be implemented due to Public Law 15-94.
If the legislature doesn't set rates of income to equal or exceed the rate of expenses the end is inevitable. CUC will self destruct. You don't have to have a math degree to figure this out, it's just amazing our government can't fathom this simple fact.
This is not a swing in the dark at a prediction of the future, but a clear and definite fact.
Under the present modus operandi it will fail. It's as simple as that...
.....GED.....

3 comments:

Anonymous said...

Glen,
It seems the Legislature is still in a quandary about how get someone else to bail out CUC. They can re-appropriate non-existent funds all they want, but the money ain't falling out of trees! Time to face the facts.....but then, we knew that.

NEPOTISM said...

OFF TOPIC

BETTY DIAZ IS THE SISTER OF TONY GUERRERO

ISNT THAT A MAJOR CONFLICT OF INTEREST?

haoles go home said...

Shut up about nepotism already. Nepotism is everywhere so why bother mentioning it? Nepotism is our culture just like corruption. If you don't like it haole get the fuck off our island. This land belongs to us Chamorros.