Government of the United States Virgin Islands
Government of the United States Virgin Islands Public Services Commission psc.vi.gov psc.info@psc.vi.gov P.O. Box 40 St. Thomas, VI 00804 1003 Estate Ross Suite 4, St. Thomas, VI, 00802 (340) 776-1291 P.O. Box 7360 Christiansted, VI 00823 Estate Carlton Suite 1 & 2 Frederiksted, St. Croix, VI, 00840 (340) 778-6010 FOR IMMEDIATE RELEASE 008-25 Friday, July 11, 2025 Media Contact: Symra Hendrickson – Public Communication Coordinator (340) 776-1291 symra.hendrickson@psc.vi.gov PSC Regular Meeting – Energy Matters U.S. Virgin Islands – The Virgin Islands Public Services Commission (PSC or the Commission) held its regular monthly meeting remotely on Thursday, July 10, 2025. At its June meeting, the PSC voted to reduce the Virgin Islands Water and Power Authority’s (WAPA) Electric Levelized Energy Adjustment Clause (ELEAC) rate from 22.22 cents to 17 cents per kilowatt-hour—the first change since March 2022. The Commission also directed WAPA to address several critical operational issues. On June 17, 2025, WAPA filed a Petition for Reconsideration of the PSC’s decision. …
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Government of the United States Virgin Islands Public Services Commission psc.vi.gov psc.info@psc.vi.gov P.O. Box 40 St. Thomas, VI 00804 1003 Estate Ross Suite 4, St. Thomas, VI, 00802 (340) 776-1291 P.O. Box 7360 Christiansted, VI 00823 Estate Carlton Suite 1 & 2 Frederiksted, St. Croix, VI, 00840 (340) 778-6010 FOR IMMEDIATE RELEASE 008-25 Friday, July 11, 2025 Media Contact: Symra Hendrickson – Public Communication Coordinator (340) 776-1291 symra.hendrickson@psc.vi.gov PSC Regular Meeting – Energy Matters U.S. Virgin Islands – The Virgin Islands Public Services Commission (PSC or the Commission) held its regular monthly meeting remotely on Thursday, July 10, 2025. At its June meeting, the PSC voted to reduce the Virgin Islands Water and Power Authority’s (WAPA) Electric Levelized Energy Adjustment Clause (ELEAC) rate from 22.22 cents to 17 cents per kilowatt-hour—the first change since March 2022. The Commission also directed WAPA to address several critical operational issues. On June 17, 2025, WAPA filed a Petition for Reconsideration of the PSC’s decision. Under Virgin Islands law, the filing automatically stays the rate change, meaning the reduced rate that was scheduled to take effect on July 1, 2025, is postponed. The rate change will not go into effect unless the PSC denies the petition or reaffirms its original decision after reconsideration. At yesterday’s meeting, the Commission unanimously voted to grant the petition for reconsideration. WAPA and PSC staff will now coordinate a scheduling order to ensure both parties have adequate time to submit materials in advance of the Commission’s next meeting on August 12, 2025. Until a final decision is made, the existing ELEAC rate of 22.22 cents per kilowatt- hour remains in effect. For recent news releases, more information on the PSC, and easy access to information on utility issues, visit our website at psc.vi.gov. Like our Facebook page at www.facebook.com/VIPSC1965.