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GOVERNMENT OF THE VIRGIN ISLANDS OF THE UNITED STATES Public Services Commission Inre Docket Nos. 651 and 289 Order No. 32 /2017 The Virgin Islands Water & Power Authority Petition for Permanent Electric System Base Rate Relief (Docket 651) And Levelized Energy Adjustment Charge (Docket 289) | a ORDE | WHEREAS. on December 1, 2015, the Virgin Islands Water and Power Authority (hereinafter “WAPA” or “Authority”, filed two Petitions with the Virgin Islands Public Services (hereinafter “Commission” or “PSC”) seeking permanent Electric and Water Systems base rate relief effective on bills issued on or after July 1, 2016; and WHEREAS. in there have been numerous proceedings and negotiations on the Electric System, including updated filings in June 2016 and August 2016; and WHEREAS, in November 2016 the PSC Staff and WAPA Management negotiated an Interim Rate Agreement that both parties agreed to recommend to the Commission, which would provide WAPA with an additional $14.5 million per year in base rate revenues, and WHEREAS, at the Commission’s December 15, 2016 meeting consideration of the Interim Rate Agreement was on the agenda but was continued to the January meeting; and WHEREAS. at the Commission’s January 12, 2017 meeting the Commission approved the Interim Rate Agreement which would permit implementation of increased annual rates of $14.5 million on meeting the requirements contained in the Interim Rate Agreement on February 1, 2017; and WHEREAS, on January 13, 2017, WAPA filed three petitions for reconsideration, including one for the reconsideration of Commission's Order No, 30/2017, and that Petition specifically stated that WAPA was not bound by the obligations contained in the Interim Rate Agreement that were to be implemented prior to February 1, 2017; and