AGP Executive Report
Last update: 5 hours agoTyphoon Business Impact: As Champi bears down on Guam, banks, stores and other businesses have closed or shortened hours. About 3,400 hotel guests are expected to ride out the storm on the island, according to preliminary reports. GPA says it will not shut down the islandwide grid, but warns of outages and power fluctuations. Emergency Funding: Lawmakers approved an additional $15 million for Champi response and recovery after the governor said the earlier $12 million allocation was insufficient. Guam’s price freeze is in effect, and the attorney general warns businesses against disaster-related price hikes. Water Infrastructure: The Guam Waterworks Authority plans to offer $200 million in bonds next week to fund new projects and refinance debt. The bonds carry stable outlooks from Moody’s and S&P, though the agencies cite rising capital costs and energy-price volatility as risks.
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