Wapa

Composite Pole Installation Completion on St. Croix Delayed to Dec. 2023; WAPA's Container Port Undergrounding Project Sees $345,000 Cost Increase

The Water and Power Authority Governing Board approved its Fiscal Year 2022 Electric System Operating Budget, Electric System Capital Budget, Water System Capital Budget along with other action items during an emergency board meeting on Thursday — the first meeting under a new structure required by law. Debra Gottlieb, WAPA interim chief financial officer, presented the budgets to the governing body. The board approved WAPA's $279,216,404 Electric System Operating Budget for fiscal year 2022. This includes $267,754,745 for operating expenses, $11,460,659 for operating income loss, $32,682,018 for other operating expenses and a negative balance of $21,211,359 from net income loss before taxes and grants. This results in a net income of $271,862,605, according to Ms. Gottlieb.   Among the items discussed were two projects on St. Croix being delayed: one because of material shortage and the other because of rising costs. Cordell Jacobs, design and construction manager in the Transmis...