Guam § 12106 - Powers.

§ 12106. Powers.

(a) The Commission shall have the following powers which

it may exercise in carrying out its mandate to regulate rates:

(1) to examine the financial records of each public

utility including all bank records;

(2) the terms and conditions of any contracts with the

United States Government;

(3) terms and conditions of any refinancing provisions

by the Federal Finance Bank and the Department of the

Interior;

(4) its costs of operations and costs charged to it by

the United States Government;

(5) schedules of rates and classifications;

(6) the value and condition of the utility’s physical

property, including that of the United States Government

where appropriate;

(7) the issuance on behalf of the utility of bonds and

the disposition of the proceeds thereof;

(8) the volume of unit sales;

(9) the amount and disposition of its income;

(10) all its financial transactions; its compliance with

contracts, covenants, promissory notes and other terms of

indebtedness;

(11) its compliance with all applicable territorial and

federal laws and with the provisions of its franchise, articles

of incorporation and enabling legislation.

(b) The Commission shall have the power at any time to

examine the financial condition of the utility.