The Guam Public Utilities Commission (PUC) held a regular meeting on June 26, 2025, at 6:35 PM, with all commissioners present. The meeting commenced with the approval of the minutes from the previous meeting on May 29, 2025. A motion to approve the minutes, subject to corrections, was made by Commissioner Pete and seconded by Commissioner Joe. The motion passed unanimously.

The first agenda item addressed was GWA docket number 2508, concerning a petition from the Guam Water Works Authority (GWA) to approve the issuance and sale of revenue bonds. This petition, filed on June 6, 2025, seeks authorization for GWA to issue and sell up to $350 million in water and wastewater system revenue bonds, as permitted by Public Law 30-71-103.

GWA explained that this bond issuance is part of a broader financing strategy aligned with a previously approved five-year capital investment program, which has an estimated cost of $899 million. The commission had previously issued a rate decision in September 2024 that supports this financing plan. GWA confirmed that the proposed $350 million bond amount fits within its current financing plan and rate structure, which is designed to cover both interest and principal payments once they commence.

Importantly, GWA indicated that the principal on these bonds will not be due within the first five years following issuance, and no new rate increases will be necessary to support this issuance under the existing five-year rate plan, which extends through fiscal year 2029.

The meeting proceeded with further discussions and decisions, but the details of those items were not included in the provided transcript. Overall, the meeting highlighted significant financial planning efforts by GWA to enhance Guam's water and wastewater infrastructure without imposing additional costs on consumers in the near term.