What is the LEAC?
The LEAC is an acronym for the Levelized Energy Adjustment Clause. Simply put, LEAC is fuel consumption. The Public Services Commission (PSC) authorized the LEAC in 1989 to allow the Virgin Islands Water and Power Authority to recover the cost of the fuel oil used to produce power and water for our customers. WAPA must file quarterly petitions with the PSC for an adjustment in the LEAC factor in order to recoup fuel cost increases or to pass along the savings if fuel costs decrease. Learn more about the LEAC