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Sunday, September 27, 2020
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Short-Term Bailout Coming To Keep WAPA Running

After a second emergency meeting on Monday, the governor and senators agreed in principle to make an emergency appropriation later this week to pay immediate past-due accounts to Vitol to restore propane supplies and keep the electricity flowing at the V.I. Water and Power Authority.

WAPA: Utility Bills Will Jump Without PSC Action on Base Rate

Without the 2.5 cent base rate hike the Public Services Commission denied on Thursday, the V.I. Water and Power Authority will default on its debt to Vitol, cutting off propane and forcing it to revert to oil, which will up the cost of fuel by 20 cents per kilowatt-hour.

WAPA’s Finances, Part 3: Is There Light at the End of the Tunnel?

WAPA is losing money and swimming in debt, with very high electricity costs. Decades of hospitals and government agencies using it an involuntary lender by not paying power bills have starved it, forcing chronic delays in maintenance and upgrades. But not all is doom and gloom.
St. Thomas' first power plant under construction, long before the creation of the Water and Power Authority in 1964. (Undated early 20th century photo provided by the St. Thomas Historical Trust)

WAPA’s Finances Part 2: A Case of Chronic Starvation

WAPA is swimming in debt. Where did it come from? What can be done about it? Some in the PSC, Senate and the public feel this debt is the result of mismanagement. Is it? And how much does it matter, if we have to pay up anyway?

WAPA Finances: Raise Base Rate and See Lower Total Rates Soon, or Pay More Forever

It will surprise no one to hear that finances at the V.I. Water and Power Authority are not good. But can it become sustainable? Is the news all bad or is there sunlight?

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