Petition for Permanent Electric System ) — December 1, 2015
GOVERNMENT OF THE VIRGIN ISLANDS OF THE UNITED STATES Public Services Commission Inre Docket No. 651 Order No. 58/2017 The Virgin Islands Water & Power Authority _) Petition for Permanent Electric System ) Base Rate Relief (Docket 651) ) ) ) WHEREAS. in 2013, the Public Services Commission (hereinafter “Commission” or “PSC™) concluded Dockets 611 and 612, which provided new base rates for the Water and Power Authority’s (hereinafier “Authority” or “WAPA”) electric and water systems, respectively; and WHEREAS, no later than 2014, the Commission began expressing its concern with the accuracy and propricty of WAPA’s base rates and its Levelized Energy Adjustment Charge (hereinafter “LEAC™) rate: and WHEREAS. the Commission desired to properly allocate expenses to base rates and return the LEAC to a fuel only basis; and WHEREAS. …
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GOVERNMENT OF THE VIRGIN ISLANDS OF THE UNITED STATES Public Services Commission Inre Docket No. 651 Order No. 58/2017 The Virgin Islands Water & Power Authority _) Petition for Permanent Electric System ) Base Rate Relief (Docket 651) ) ) ) WHEREAS. in 2013, the Public Services Commission (hereinafter “Commission” or “PSC™) concluded Dockets 611 and 612, which provided new base rates for the Water and Power Authority’s (hereinafier “Authority” or “WAPA”) electric and water systems, respectively; and WHEREAS, no later than 2014, the Commission began expressing its concern with the accuracy and propricty of WAPA’s base rates and its Levelized Energy Adjustment Charge (hereinafter “LEAC™) rate: and WHEREAS. the Commission desired to properly allocate expenses to base rates and return the LEAC to a fuel only basis; and WHEREAS. on December 1, 2015, WAPA made a base rate filing; and WHEREAS, in its December 2015 filing WAPA requested a permanent base rate increase of $18.24 million per year, which represented a base rate increase of 25.5%; and WHEREAS, in February 2016 PSC Staff met with WAPA management to review the December 2012 filing and WAPA concluded it should refile to address infirmities and concerns that PSC Staff had identified; and WHEREAS, on April 18, 2016, Commission Order No. 26/2016 transferred the costs of the Rate Financing Mechanism (hereinafter “RFM”). including funds for the repair of Unit 23 and lease costs associated with Unit 25, from the LEAC to base rates: and WHEREAS, on September 12, 2016, after conferences with Staff reviewing the June 6, 2017 filing, WAPA filed yet another revised permanent base rate increase request, that was projected to increase annualized electric system revenues by approximately $41.7 million: and WHEREAS, all delays and timeline impacts from the prior implementation of rates in January 2014 rate increase to the September 2016 filing were in WAPA’s control: and