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Press Release Details

Governing Board Holds Emergency Meeting Thursday

Mar 24, 2020

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The Virgin Islands Water and Power Authority
Corporate Communications

NEWS RELEASE

Contact: Jean P. Greaux, Jr., Director of Corporate Communications
340-774-3552 extension 2147 or 340-244-7330

communications@viwapa.vi / www.viwapa.vi

March 24, 2020

GOVERNING BOARD HOLDS EMERGENCY MEETING THURSDAY

      The governing board of the Virgin Islands Water and Power Authority will hold an emergency meeting on Thursday, March 26, 2020 at 9:30 a.m. The meeting will be held via teleconference.

      The meeting, which is open to the public, may be accessed by telephone number: 1-(646)-749-3112. Access Code: 284614709#

AGENDA

1. CALL TO ORDER AND QUORUM CALL

2. APPROVAL AND ADOPTION OF THE AGENDA

3. FINANCE AND AUDIT COMMITTEE ACTION ITEMS:
(a) Provisional extension of the maturity dates of the Authority’s Banco Popular Lines of Credit and Standby Line of Credit Facility (RUS)
(b) Approval of the RUS Loan Contract Amendment and other necessary documents to establish a new “Cushion of Credit Account”

(c) Extension of Contract with Evertec Group LLC

4. EXECUTIVE DIRECTOR’S REPORT

5. EXECUTIVE SESSION

(a) Legal Matters

6. ADJOURNMENT
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About WAPA: The Virgin Islands Water and Power Authority is an autonomous agency of the Virgin Islands Government which produces and distributes electricity and drinking water to residential and commercial customers in the territory. WAPA was created by the Fifth Legislature of the Virgin Islands in 1964 through Act No. 1248. Today, WAPA generates electrical power at production plants on St. Thomas and St. Croix and distributes electrical service through smart grids to customers on St. Thomas, St. Croix, St. John, Hassel Island, and Water Island. Potable water is distributed to almost 13,000 customers through water lines and standpipes. WAPA also has the responsibility of installing and maintaining streetlights.