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WAPA Board Authorizes Filing of a Feed In Tariff as per Act 7586

(Monday, July 14, 2014)

In a special meeting called Monday, July 14, 2014 the Virgin Islands Water and Power Authority’s Governing Board authorized the Executive Director to file, with the Public Service Commission, a petition for the implementation of a Feed in Tariff along with a proposed Feed In Tariff Power Purchase Agreement for the Electrical System as per Act 7586. 

As a foundation for Act 7586, the Legislature of the Virgin Islands on July 3, 2009 signed into legislation Act 7075,  with the purposes of accelerating the exploration and development of renewable energy resources to: reduce the Territory’s dependence on fossil fuel; protect the economy of the Virgin Islands from energy shortages and price spikes that are harmful to businesses and consumers and disruptive to investments; promote energy diversity; enhance system reliability; and minimize the contribution to pollution, climate change and overall environmental degradation.  Act 7586 further directs the Authority to file, within 60 days of enactment, or by July 15, 2014, a Standard Power Purchase Agreement and Feed in Tariff for the purposes of allowing renewable energy qualified owners to sell power directly to the Authority, [via a Standard Power Purchase Agreement between the qualified owner and the Authority,] at a rate to be approved by the Public Services Commission.  The Feed In Tariff furthers the requirements of Act 7075 which mandates that the Authority generate 20%, 25%, and 30% of its power from renewable energy technologies by 2015, 2020, and 2025 respectively.   

Mr. Hodge began the special meeting by first explaining exactly what the special agenda item was by making the clarifying statement, “The law as passed in Act 7586 for Feed In tariff requires that WAPA file with the PSC our proposed Feed In Tariff that would apply for the rates at which people will be paid.  This would be our filed tariff.  PSC would go through our tariff and when it is all said and done they will determine what our tariff will be.”  He concluded by stating, “All WAPA is doing is filing a tariff and this special meeting is called to get Board approval to file the tariff in accordance with Act 7586.”

Board members in attendance were Chairman Atty. Gerald Groner, Vice Chair Juanita R. Young, Secretary Noel Loftus, Planning Committee Chair VIEO Director Karl Knight, Department of Planning and Natural Resources Commissioner Alicia Barnes, Licensing and Consumer Affairs Commissioner Wayne Biggs, Donald Francois, Cheryl Boynes Jackson and Elizabeth Armstrong.