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Wednesday, June 23, 2021
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PSC Approves 2.3-Cent Increase in Electric LEAC

At the bottom end of a six-hour meeting Monday, Public Services Commission members approved a 17.215-cent electric levelized energy adjustment clause rate, an increase of about 2.3-cents per kilowatt hour.
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Editorial: Beware the Pitfalls and Profits of Privatization

With power outages cascading across the territory and the news in the last week – even getting attention on National Public Radio on the mainland – we worry these events might presage a new drive toward privatization of our public utility.

WAPA Reviewing Data to Determine Root Cause of Outage *Update*

WAPA said electric system personnel are reviewing data logs of the utility's generating units to determine the root cause of a 12-hour outage Friday that affected all customers of the St. Thomas-St. John District.

V.I. Energy Office Changes Net Energy Billing Application Process

The Virgin Islands Energy Office is changing its application process for the Net Energy Billing program, it announced on Wednesday.

WAPA Board Extends Two Contracts

The V.I. Water and Power Authority Governing Board approved six-month extensions on two separate contracts during Tuesday morning’s meeting, despite strong opposition from two members.

Correction: Panel Holds Measure to End Estimated Power Consumption Bills

The amount the V.I. Water and Power Authority can charge for electric bills based on estimated consumption may soon be limited under a bill approved Monday by the Senate Committee on Government Operations and Consumer Protection,

WAPA: Electrical Fault Caused Sunday’s Widespread Outage

A major electrical fault Sunday night knocked out power to most of the St. Thomas/St. John District for five hours, according to the V.I. Water and Power Authority.

Fitch Cites Senate Bill As Problem for WAPA’s Outlook

Fitch Ratings, one of the three major government bond rating agencies, specifically cited a recent bill in the V.I. Legislature as the reason it was putting the financially struggling utility on a negative ratings watch.

WAPA May Forgo Hurricane Insurance for Second Year

The V.I. Water and Power Authority will likely enter the 2021 hurricane season without windstorm insurance, as it did last year, because it does not have the funds to pay for a policy.

WAPA Defers Payment on Disaster Loan, FirstBank Lines of Credit

The board of directors of the V.I. Water and Power Authority voted Thursday to allow the utility to defer payments due on millions of dollars in existing lines of credit with FirstBank and its Community Disaster Loan with the Federal Emergency Management Agency.





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