WAPA Yet to Pay $2.8M Owed to PSC, Says It May Seek Senate Help for Funds

The V.I. Water and Power Authority has failed to pay its 2024 assessment fee to the Public Services Commission, a contribution owed to the PSC by each entity that it regulates. In addition to its arrears from 2024, the authority has made no contributions towards its 2025 assessment, PSC Executive Director Sandra Setorie told lawmakers on the Committee on Government Operations, Veterans Affairs, and Consumer Protection on Monday.  “WAPA has presented no legal argument and filed no petitions for reconsideration. WAPA simply asserts that it is too financially strained to date,” Ms. Setorie testified.  The Water and Power Authority, which continues to grapple with crippling debt, has been making steady inroads to reduce monthly operating deficits and is adding more renewable energy options to its portfolio. Though a full slate of recommendations from WAPA’s turnaround company, Ernst and Young, is still outstanding, Ms. Setorie asserted that the authority will soon be in a better position...