BREAKING

WAPA

PSC Grants WAPA Base Rate Increase Expected to Generate $30 Million; Commission Recommends Removal of…

Ernice Gilbert | January 10, 2020

After a year of debate and unified public opposition, the Public Services Commission on Thursday voted to grant WAPA the base rate increase that it had long sought, which will result in $29,733,687 the authority says will be used to refinance its debt load. The 5.8 cents per kilowatt-hour in the permanent base utility rate, coupled with an “immediate offset” of 3.08 cents when the so-called Leased Generator surcharge paid by WAPA’s customers each month expires, and the additional promise of a future 2.57 cents reduction in the fuel charge, known as the LEAC fee, would mean little change to customers' power bill, both WAPA and Governor Albert Bryan have argued. The base rate increase comes after a year of protests by residents of the Virgin Islands, many of whom have lost trust in the authority's ability to keep its promises. In the past,…

FEMA Awards WAPA $19 Million to Manage Recovery Projects

Staff Consortium | January 09, 2020

The Federal Emergency Management Agency (FEMA) through the Public Assistance Program has approved funding…

V.I. Lawmkers Approve $6 Million Taxpayer Bailout…

Robert Moore | December 28, 2019

The V.I. Senate on Friday approved a $6 million payment of taxpayer funds to bail the Water and Power…

PSC to Meet Friday to Consider Reinstating WAPA 3-Cent…

Staff Consortium | December 26, 2019

The Public Services Commission will meet on Friday at 9:00 a.m. to consider reinstating a leased generation…

Latest