wp content uploads 2024 06 PSC Order No. 72 2015 ANNUAL ASSESSMENT ORDER Copy.421566b6
GOVERNMENT OF THE VIRGIN ISLANDS OF THE UNITED STATES Public Services Commission IN RE ANNUAL ASSESSMENT OF PUBLIC UTILITY FEES New Nee Neue Nee” ee” ORDER OF ANNUAL ASSESSMENT Order No. 72/2015 WHEREAS, on Tuesday September 22, 2015, the Virgin Islands Public Services Commission (hereinafter “PSC” or “the Commission”) met in Regular Session in both its offices on St. Thomas and St. Croix, United States Virgin Islands; 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 2014 Gross Ratio F/Y 2016 Fees Operating Revenues Virgin Islands Water & Power Authority $ 115,137,019.00 51.27% | $ 899, …
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GOVERNMENT OF THE VIRGIN ISLANDS OF THE UNITED STATES Public Services Commission IN RE ANNUAL ASSESSMENT OF PUBLIC UTILITY FEES New Nee Neue Nee” ee” ORDER OF ANNUAL ASSESSMENT Order No. 72/2015 WHEREAS, on Tuesday September 22, 2015, the Virgin Islands Public Services Commission (hereinafter “PSC” or “the Commission”) met in Regular Session in both its offices on St. Thomas and St. Croix, United States Virgin Islands; 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 2014 Gross Ratio F/Y 2016 Fees Operating Revenues Virgin Islands Water & Power Authority $ 115,137,019.00 51.27% | $ 899,159.65 Virgin Islands Telephone Corporation $ 52,853,000.00 23.54% | $ 412,754.17 Virgin Islands Waste Management Authority | $ 28,342,171.00 12.62% | $ 221,337.47 Innovative Cable TV St. Thomas-St. John $ 13,344,614.60 5.94% | $ 104,214.43 Innovative Cable TV St. Croix $ 8,452,501.67 3.76% | $ 66,009.60 Varlack Ventures, Inc. $ 3,241,530.00 1.44%} $§ 25,314.65 ‘ Transportation Services of St. John, Inc. $ 3,186,527.00 142% | 3 24,885.10 Total Assessment Revenue: $ 224,557,363.27 100 % | $1,753,675.07