wp content uploads 2025 05 PSC Order No. 5 2012 Docket 289 Remand from Superior Court ref 40M No.ded01829
GOVERNMENT OF THE UNITED STATES VIRGIN ISLANDS PUBLIC SERVICES COMMISSION In Re The Virgin Islands Water and Power Authority’s Levelized Fuel Adjustment Charge Order No. 5/2012 PSC Docket No. 289 ORDER WHEREAS, this matter is before the Virgin Islands Public Services Commission (“Commission” or “PSC”) on remand from the Superior Court of the Virgin Islands concerning the inclusion of interest on the Water and Power Authority's (“Authority” or “WAPA”) $40,000,000 General Obligation Note (“Note”) and two lines of credit, totaling $6,000,000 financed through the Levelized Energy Adjustment Charge; and WHEREAS, the Commission has previously reviewed the $40M General Obligation Note twice, first in 2008 and again in 2010; and WHEREAS, at meetings in November and December 2010 the Commission received testimony on the refinancing of the Note; and WHEREAS, the Commission has reviewed the Authority’s October 27, 2010 petition and the testimony of the Authority’s then Chief Financial Officer, Nellon Bowry, in support of the petition for refinancing of the Note; and WHEREAS, the Commission rece …
Download the original document · Plain text (TXT) · Browse the archive · How this archive works
Original source: https://psc.vi.gov/wp-content/uploads/2025/05/PSC-Order-No.-5-2012-Docket-289-Remand-from-Superior-Court-ref-40M-Note.pdf
SHA-256 09c9a8d91922edeeca8bd65984b893648b447e725e710d5af63061a19a37623e
Re-using this document
territorial public record
Our description, tagging, arrangement, extracted text and machine transcripts are released under CC0 1.0. We assert nothing about the document itself.
Archive identifier LF-09c9a8d91922
Document text
GOVERNMENT OF THE UNITED STATES VIRGIN ISLANDS PUBLIC SERVICES COMMISSION In Re The Virgin Islands Water and Power Authority’s Levelized Fuel Adjustment Charge Order No. 5/2012 PSC Docket No. 289 ORDER WHEREAS, this matter is before the Virgin Islands Public Services Commission (“Commission” or “PSC”) on remand from the Superior Court of the Virgin Islands concerning the inclusion of interest on the Water and Power Authority's (“Authority” or “WAPA”) $40,000,000 General Obligation Note (“Note”) and two lines of credit, totaling $6,000,000 financed through the Levelized Energy Adjustment Charge; and WHEREAS, the Commission has previously reviewed the $40M General Obligation Note twice, first in 2008 and again in 2010; and WHEREAS, at meetings in November and December 2010 the Commission received testimony on the refinancing of the Note; and WHEREAS, the Commission has reviewed the Authority’s October 27, 2010 petition and the testimony of the Authority’s then Chief Financial Officer, Nellon Bowry, in support of the petition for refinancing of the Note; and WHEREAS, the Commission received the report and testimony of its technical consultants which supported the refinancing; and WHEREAS, the Commission has previously encouraged the Authority to begin a hedging program, as early as 2004; and