Letter to Senate President About WAPA Privatization Legislation

On April 25, 2013, Mr. Gerald T. Groner, Esq., the Chair of the Governing Board of the Virgin Islands Water and Power Authority, sent a letter urging Senate President Honorable Shawn-Michael Malone not to consider any legislation that proposes the privatization of WAPA.

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What is the LEAC?

LEAC (Levelized Energy Adjustment Clause) is fuel consumption. The Public Services Commission (PSC) authorized the LEAC in 1989 to allow the VIWAPA 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. More...

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