There is more
to the LEAC than simply the fuel oil commodity price.
These costs are included under the general heading
of Fuel Handling and Other Costs.These costs include
but are not limited to the following:
- Excess Laytime/Overtime
- Storage Tank Rental (Shell)
- Ship Demurrage Charges
- Fuel Hedging Costs
- Fuel Trucking Delivery
- Letter of Credit and
other Bank Charges
- Fuel Pipeline Use Fees
- Fuel Testing and other Contractor
- GPA Fuel Management Labor.
LEAC expenses are publicly declared by GPA and audited
by the Guam Public Utilities Commission (GPUC). GPA
publishes LEAC filings with GPUC as well as LEAC orders
from the GPUC on its website.
Filings with the GPUC and GPUC LEAC Orders