President Panuelo Signs Emergency Regulation & Proposed Permanent Regulation Implementing Public Law 22-139; Pohnpei Residents’ Cashpower Bill to be Reduced by 29 Cents per Kilowatt Hour

PALIKIR, Pohnpei—On November 28th, 2022, His Excellency David W. Panuelo—President of the Federated States of Micronesia (FSM)—signed an emergency regulation, and proposed permanent regulation, implementing Public Law 22-139. Public Law 22-139 for the States of Chuuk and Kosrae, for example, remits 20% of tax revenue directly to the States for...