VIRGIN ISLANDS WATER AND POWER Order No. 65/2018 — April 3, 2018
GOVERNMENT OF THE UNITED STATES VIRGIN ISLANDS PUBLIC SERVICES COMMISSION IN RE: PSC Docket No. 289 VIRGIN ISLANDS WATER AND POWER Order No. 65/2018 AUTHORITY’S LEVELIZED ENERGY ADJUSTMENT CLAUSE ORDER WHEREAS, on April 3, 2018, the Virgin Islands Water and Power Authority’s (hereinafter “WAPA” or “Authority”), filed its Semi-Annual Petition (hereinafter “Petition”) for the Electric and Water Levelized Energy Adjustment Clause (hereinafter “LEAC”) for the period July 1 to December 31, 2018, to be applied to the bills issued on or after July 1, 2018; and WHEREAS, in the Petition, WAPA stated that its biggest challenge is an inadequate cash flow, which was further impaired in the months after Hurricanes Irma and Maria when revenues dropped to Two Million Dollars; and WHEREAS, PSC engaged Georgetown Consulting Group (hereinafter “GCG”) to conduct a review and analysis of WAPA’s Semi-Annual Petition; and WHEREAS, pursuant to 30 V.LC. …
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GOVERNMENT OF THE UNITED STATES VIRGIN ISLANDS PUBLIC SERVICES COMMISSION IN RE: PSC Docket No. 289 VIRGIN ISLANDS WATER AND POWER Order No. 65/2018 AUTHORITY’S LEVELIZED ENERGY ADJUSTMENT CLAUSE ORDER WHEREAS, on April 3, 2018, the Virgin Islands Water and Power Authority’s (hereinafter “WAPA” or “Authority”), filed its Semi-Annual Petition (hereinafter “Petition”) for the Electric and Water Levelized Energy Adjustment Clause (hereinafter “LEAC”) for the period July 1 to December 31, 2018, to be applied to the bills issued on or after July 1, 2018; and WHEREAS, in the Petition, WAPA stated that its biggest challenge is an inadequate cash flow, which was further impaired in the months after Hurricanes Irma and Maria when revenues dropped to Two Million Dollars; and WHEREAS, PSC engaged Georgetown Consulting Group (hereinafter “GCG”) to conduct a review and analysis of WAPA’s Semi-Annual Petition; and WHEREAS, pursuant to 30 V.LC. § 25, the expenses of all rate investigations of WAPA’s rates is borne by the Authority through docket-specific assessments levied during and/or after each investigation; and WHEREAS, WAPA failed to pay docket-specific assessments totaling over Six Hundred Fifty Thousand Dollars ($650,000.00), with some assessment orders dating back to 2016; and WHEREAS, this delay in payment of docket-specific assessments prevented GCG from reviewing WAPA’s Petition; and WHEREAS, on June 15, 2018, the Commission held a Regular Meeting at its office located at No. 1003 Estate Ross, Suite 4, Barbel Plaza on the island of St. Thomas, United Virgin Islands and via teleconference at the Port Authority’s conference room located at the Henry E. Rohlsen Airport on the island of St. Croix, United Virgin Islands; and WHEREAS, at the meeting, PSC Staff informed the Commission that WAPA has paid all past due docket-specific assessments and that GCG is available to provide consulting services.