wp content uploads 2024 06 PSC Order No. 27 2021 Annual Assessment Sept. 29 2021 Mtg.f8238748
GOVERNMENT OF THE VIRGIN ISLANDS OF THE UNITED STATES Public Services Commission IN RE Order No. 27/2021 ANNUAL ASSESSMENT OF PUBLIC UTILITY FEES Neue’ Nome “eee” “ee Noe” ORDER OF ANNUAL ASSESSMENT WHEREAS, on Wednesday September 29, 2021, the Virgin Islands Public Services Commission (hereinafter “PSC” or “the Commission”) met in Special Session in its office on St. Thomas located at No. 1003 Estate Ross Suite 4, Barbel Plaza and via its Zoom videoconference link; and WHEREAS, based upon the formula mandated in 30 V.I.C. § 25a, all public utilities are subject to the assessment of fees on an annual basis by the Commission; and WHEREAS, the Legislature extended the sole right to Virgin Islands Water and Power Authority (hereinafter “WAPA” or “the Authority”) to pay its annual assessment in equal quarterly installments; and WHEREAS, after careful review and deliberation and the recommendations of its staff, the Commission voted to make the following annual assessment fees on the listed public utilities: Utility 2020 Gross Ratio F/Y 2022 Fees Operating Revenues Virgin Islands Water & …
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GOVERNMENT OF THE VIRGIN ISLANDS OF THE UNITED STATES Public Services Commission IN RE Order No. 27/2021 ANNUAL ASSESSMENT OF PUBLIC UTILITY FEES Neue’ Nome “eee” “ee Noe” ORDER OF ANNUAL ASSESSMENT WHEREAS, on Wednesday September 29, 2021, the Virgin Islands Public Services Commission (hereinafter “PSC” or “the Commission”) met in Special Session in its office on St. Thomas located at No. 1003 Estate Ross Suite 4, Barbel Plaza and via its Zoom videoconference link; and WHEREAS, based upon the formula mandated in 30 V.I.C. § 25a, all public utilities are subject to the assessment of fees on an annual basis by the Commission; and WHEREAS, the Legislature extended the sole right to Virgin Islands Water and Power Authority (hereinafter “WAPA” or “the Authority”) to pay its annual assessment in equal quarterly installments; and WHEREAS, after careful review and deliberation and the recommendations of its staff, the Commission voted to make the following annual assessment fees on the listed public utilities: Utility 2020 Gross Ratio F/Y 2022 Fees Operating Revenues Virgin Islands Water & Power Authority $ 144,433,353.00 65.07% | $ 1,170,853.78 Virgin Islands Telephone Corporation d/b/a Viya $ 19,851,915.00 8.94% | $ 160,930.21 Virgin Islands Waste Management Authority | $ 39,195,457.00 17.66% |$ 317,739.28 Viya Cable TV St. Thomas-St. John $ 8,304,490.00 3.74% |$ 67,320.62 Viya Cable TV St. Croix $ 6,588,307.99 2.97% |$ 53,408.34 Varlack Ventures, Inc. $ 1,824,016.00 82% | $ 14,786.45 Transportation Services of St. John, Inc. $ 1,763,336.00 79% |$ 14,294.54 Total Assessment Revenue: $ 221,960,874.99 100 % | $ 1,799,333.22