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BMR Ene...

BMR Energy on Verge of Shutdown Over WAPA's Unpaid $4 Million Debt

  • Janeka Simon
  • June 13, 2024

On Tuesday, the V.I. Public Services Commission heard from the operator of a solar power company that said their business is on the ropes due to an outstanding $4 million debt owed by the V.I. Water and Power Authority.‌ Bruce Levy, chief executive office of BMR Energy, told commissioners that over the past two and a half years, WAPA has withheld approximately $3.5 million dollars in payments due. Last April, BMR resorted to seeking help from the PSC, asking that a portion of the Levelized Energy Adjustment Clause specifically allocated for solar plants be withheld from WAPA, until the utility company agreed to pay its debts. While WAPA ultimately agreed to pay, the authority have reportedly failed to honor their agreement. “As I mentioned earlier, they have paid us for…three months,” said Mr. Levy. “We have not been paid since February,” he noted. Telling commissioners that he has heard “all the bad things about WAPA’s financial condition,” Mr. Levy nevertheless emphasized to commis...