GOVERNMENT OF THE VIRGIN ISLANDS
GOVERNMENT OF THE VIRGIN ISLANDS OF THE UNITED STATES Public Services Commission IN RE ) ) Order No. 34/2022 ANNUAL ASSESSMENT OF ) PUBLIC UTILITY FEES ) ________________________________________ ) ORDER OF ANNUAL ASSESSMENT WHEREAS, on Friday, September 2, 2022, the Virgin Islands Public Services Commission (hereinafter “PSC” or “the Commission”) met in Regular 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 2021 Gross Operating Revenues Ratio F/Y 2023 Fees V …
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GOVERNMENT OF THE VIRGIN ISLANDS OF THE UNITED STATES Public Services Commission IN RE ) ) Order No. 34/2022 ANNUAL ASSESSMENT OF ) PUBLIC UTILITY FEES ) ________________________________________ ) ORDER OF ANNUAL ASSESSMENT WHEREAS, on Friday, September 2, 2022, the Virgin Islands Public Services Commission (hereinafter “PSC” or “the Commission”) met in Regular 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 2021 Gross Operating Revenues Ratio F/Y 2023 Fees Virgin Islands Water & Power Authority $ 175,597,603.00 66.34% $ 1,380,046.16 Virgin Islands Telephone Corporation d/b/a Viya $ 22,074,385.00 8.34% $ 173,485.68 Virgin Islands Waste Management Authority $ 46,175,227.00 17.44 % $ 362,897.58 Viya Cable TV St. Thomas-St. John $ 8,105,061.81 3.06 % $ 63,698.82 Viya Cable TV St. Croix $ 6,185,363.52 2.34 % $ 48,611.64 Varlack Ventures, Inc. $ 3,562,693.00 1.35 % $ 27,999.70 Transportation Services of St. John, Inc. $ 3,001,924.00 1.13 % $ 23,592.54 Total Assessment Revenue: $ 264,702,257.33 100 % $ 2,080,332.12 PSC Order No. 34/2022 – Annual Assessment for F/Y 2023 Fees 2 | P a g e NOW THEREFORE, the Commission hereby ORDERS, that the annual assessment on the listed public utilities is set forth and each public utility shall pay the fiscal year 2023 fees by September 30, 2022; and It is hereby ORDERED, that in accordance with 30 V.I.C. § 25a, WAPA shall make its annual assessment payments in four (4) quarterly installments of three hundred forty-five thousand eleven dollars and fifty-four cents ($345,011.54) each, the first quarterly payment by September 30, 2022, and each succeeding payment at ninety (90) day intervals; and FINALLY, it is hereby ORDERED, that the funds collected from all public utilities will be deposited in the Treasury of the United States Virgin Islands in a special account to be maintained and administered by the Commissioner of Finance designated Special Public Utility Deposit Account as prescribed by law. So Ordered. For the Commission, Date: October 26, 2022 Nunc Pro Tunc David W. Hughes, Chairman