World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 

Pensioners asked to help CNMI power crisis

Pensioners asked to help CNMI power crisis

The Northern Marianas administration says retirees have to help the power company whose financial woes have reached crisis point.

The government owned Commonwealth Utilities Corporation has no funds to pay for fuel to run its generators, which also need upgrading.

This week, the CUC introduced a roll out of power cuts in Saipan and Rota.

The spokesperson for the CNMI governor, Charles Reyes, says it has sought the U.S Office of Insular Affairs for urgent assistance.

He says the Retirement Fund should assist.

“What we’re looking at right now is to secure a loan from the CNMI Retirement Fund of about 40 million US dollars which represents less than 8 percent of their total amount of securities right now. But of course there’s lots of opposition and retirees don’t trust CUC but it is a desperate situation.”

Charles Reyes.

But retirees are resisting the administration’s proposal, saying it is unfair.

© Scoop Media

 
 
 
World Headlines

 

Rohingya Muslims Massacred: Restrictions On Aid Put 1000s At Risk

Amnesty: The Myanmar authorities’ restrictions on international aid in Rakhine state is putting tens of thousands of lives at risk in a region where mainly Rohingya people are already suffering horrific abuses from a disproportionate military campaign. More>>

ALSO:

Werewolf: Gordon Campbell On North Korea, Neo-Nazism, And Milo

With a bit of luck the planet won’t be devastated by nuclear war in the next few days. US President Donald Trump will have begun to fixate on some other way to gratify his self-esteem – maybe by invading Venezuela or starting a war with Iran. More>>

ALSO:

Victory Declared: New Stabilisation Funding From NZ As Mosul Is Retaken

New Zealand has congratulated the Iraqi government on the successful liberation of Mosul from ISIS after a long and hard-fought campaign. More>>

Gordon Campbell: On The Current US Moves Against North Korea

If Martians visited early last week, they’d probably be scratching their heads as to why North Korea was being treated as a potential trigger for global conflict... More>>

ALSO:

Gordon Campbell: On The Lessons From Corbyn’s Campaign

Leaving partisan politics aside – and ignoring Jeremy Corbyn’s sensational election campaign for a moment – it has to be said that Britain is now really up shit creek... More>>

ALSO:

 
 
 
 
 
 
  • Pacific.Scoop
  • Cafe Pacific
  • PMC