A FORMER official of the Commonwealth Utilities Corp. common his thought upon Friday upon how the people can without delay run the financially strapped CUC.
But the forum during the American Memorial Park amphitheater, scheduled to start during 7 p.m., did not final as well prolonged since Frederick A. Prosser finished up talking to usually the dozen people, including this reporter.
There was no need to set up the receptive to advice system as well as no need to switch upon the lights. Boxes of celebration H2O were left untouched.
Facing an almost empty amphitheater, Prosser, who worked with CUC for over thirteen years, told Variety he will go on to reach out to the people as well as inform them about his proposal which he believes can assistance save the islands economy.
Among those who showed up were Rep. Francisco S. Dela Cruz, R-Saipan, Peter Castro, Cornely Castro, Felipe Fejeran as well as former Northern Marianas College instructor Perry Connor.
Prosser pronounced he wanted to speak about the possibility of buying CUC from the government by combining the peoples cooperative.
It is going to be the prolonged process which may take three to 5 years. But we got to do it step by step, Prosser said.
The people have to take carry out of CUC first, he added.
He pronounced once the commune is in place, we can get millions of dollars in sovereign grants for pick power sources.
The people can buy shares during $10 apiece.
Nobody has ever lost money financing the commune utility, he said, citing success stories of commune utilities in the states.
Anybody can buy the share. Once people become shareholders, they will approve the by-laws, take carry out of the management as well as the operation. The CNMI people will choose the people who will run CUC, he added.
When CUC starts making money again, the people as shareholders will get dividends, he added.
It will work, Prosser said. Im not doing this for me. Im doing this for future of the island. I want the people to comprehend they can take carry out of CUC.
Connor pronounced he came to the forum since he believes which widespread ownership of CUC will assistance ensure accountability.
If you got some-more sets of eyes examination as well as have the right to vote, honesty will have the improved chance, he added.
Dela Cruz pronounced after conference Prossers idea, he will revisit Public Law 16-17, or the CUC Private Sector
Partnership Act of 2008, which contains the mild provision.
Now, it competence be the great time to discuss co-op, Dela Cruz said, adding which like Prosser, he additionally prefers pick power sources.
He remarkable which in the past, there were people who presented pick power ideas, but no a single listened to them, so we kind of longed for the boat.
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