wp content uploads 2024 06 PSC Order No. 8 2018 Annual Assessment.a1facea7
GOVERNMENT OF THE VIRGIN ISLANDS OF THE UNITED STATES Public Services Commission IN RE ANNUAL ASSESSMENT OF PUBLIC UTILITY FEES Nee eee ee ORDER OF ANNUAL ASSESSMENT Order No. 8/2018 WHEREAS, on Tuesday October 24, 2017, the Virgin Islands Public Services Commission (hereinafter “PSC” or “the Commission”) met in Regular Session in both its offices on St. Thomas and St. Croix, United States Virgin Islands; 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 2016 Gross Ratio F/Y 2018 Fees Operating Revenues Virgin Islands Water & Power Authority $ 117,857,394.00 51.63% | $ 925,349.69 Virgin …
Download the original document · Plain text (TXT) · Browse the archive · How this archive works
Original source: https://psc.vi.gov/wp-content/uploads/2024/06/PSC-Order-No.-8-2018-Annual-Assessment.pdf
SHA-256 4d695239acba222ab6dd920f8061653d1fb3e70baef6901f2bd22f160870e3f0
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-4d695239acba
Document text
GOVERNMENT OF THE VIRGIN ISLANDS OF THE UNITED STATES Public Services Commission IN RE ANNUAL ASSESSMENT OF PUBLIC UTILITY FEES Nee eee ee ORDER OF ANNUAL ASSESSMENT Order No. 8/2018 WHEREAS, on Tuesday October 24, 2017, the Virgin Islands Public Services Commission (hereinafter “PSC” or “the Commission”) met in Regular Session in both its offices on St. Thomas and St. Croix, United States Virgin Islands; 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 2016 Gross Ratio F/Y 2018 Fees Operating Revenues Virgin Islands Water & Power Authority $ 117,857,394.00 51.63% | $ 925,349.69 Virgin Islands Telephone Corporation $ 50,648,000.00 22.19% | $ 397,659.49 Virgin Islands Waste Management Authority | $ 31,098,487.96 13.62 % | $ 244,167.76 Innovative Cable TV St. Thomas-St. John $ 13,484,357.12 5.91% |$ 105,871.56 Innovative Cable TV St. Croix $ 7,869,858.23 3.45% |$ 61,789.68 Varlack Ventures, Inc. $ 3,802,974.50 167% |$ 29,858.81 Transportation Services of St. John, Inc. $ 3,499,536.00 1.53% |$ 27,476.38 Total Assessment Revenue: $ 228,260,607.81 100 % | $1,792,173.37