wp content uploads 2025 05 PSC Order No. 7 2012 Annual Assessment.8c875cf6
GOVERNMENT OF THE VIRGIN ISLANDS OF THE UNITED STATES Public Services Commission IN RE Annual Assessment of Public Utilities Newer Nee Nee ee” der Order No. 7/2012 WHEREAS, pursuant to Title 30, Section 25a of the Virgin Islands Code all Virgin Islands public utilities are subjected to periodic assessments of fees by the Virgin Islands Public Services Commission (hereinafter “PSC” or “the Commission”) based on a formula related to gross operating revenues and the territorial gross revenues of all public utilities; and WHEREAS, on January 27, 2012, the Commission met in regular session at its offices located at No. 1003 Estate Ross, Barbel Plaza Suite 4, St. Thomas, U.S. Virgin Islands; 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; and 2010 Gross Utility Operating Revenues |__Ratio E/Y 2012 Fees VI Water & Power Authority $ 106,718,736.00 46.15% }$ 796,701.13 VITELCO $ 64,999,000.00 28.11% | $ 485,245.41 Innovative Cable TV St. Thomas-St. …
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GOVERNMENT OF THE VIRGIN ISLANDS OF THE UNITED STATES Public Services Commission IN RE Annual Assessment of Public Utilities Newer Nee Nee ee” der Order No. 7/2012 WHEREAS, pursuant to Title 30, Section 25a of the Virgin Islands Code all Virgin Islands public utilities are subjected to periodic assessments of fees by the Virgin Islands Public Services Commission (hereinafter “PSC” or “the Commission”) based on a formula related to gross operating revenues and the territorial gross revenues of all public utilities; and WHEREAS, on January 27, 2012, the Commission met in regular session at its offices located at No. 1003 Estate Ross, Barbel Plaza Suite 4, St. Thomas, U.S. Virgin Islands; 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; and 2010 Gross Utility Operating Revenues |__Ratio E/Y 2012 Fees VI Water & Power Authority $ 106,718,736.00 46.15% }$ 796,701.13 VITELCO $ 64,999,000.00 28.11% | $ 485,245.41 Innovative Cable TV St. Thomas-St. John | $ 13,162,271.72 5.69% | $ 98,262.00 Innovative Cable TV St. Croix $ 9,042,241.88 3.91% | $ 67,504.21 Varlack Ventures, Inc. $ 2,937,543.00 127% |%$ 21,930.02 Transportation Services of St. John, Inc. $ 3,253,637.00 1.41% | $ 24,289.80 VI Waste Management Authority $ 30,274,733.00 13.09% | $ 226,013.86 Aquatic Management, LLC $ 864,862.00 0.37% | $ 6,456.57 TOTAL ASSESSMENT REVENUE $ 231,253,024.60 | 100.00% | $ 1,726,403.00 | WHEREAS, pursuant to 30 V.I.C. § 25a(b), the Virgin Islands Water and Power Authority (hereinafter “WAPA”) has the right to pay its annual assessments in equal quarterly instalments; and