Government of the United States Virgin Islands 
Public Services Commission 
psc.vi.gov 
psc.info@psc.vi.gov 
 
 
 
 
P.O. Box 40 St. Thomas, VI 00804 
1003 Estate Ross Suite 4, St. 
Thomas, VI, 00802
(340) 776-1291  
P.O. Box 7360 Christiansted, VI 00823 
Estate Carlton Suite 1 & 2 Frederiksted, 
St. Croix, VI, 00840 
(340) 778-6010  
 
 
FOR IMMEDIATE RELEASE 
 
 
 
 
 
 
006-26-01 
Tuesday, June 9, 2026 
Media Contact: 
Symra Hendrickson – Public Communication Coordinator 
(340) 776-1291 
symra.hendrickson@psc.vi.gov  
 
PSC Retains Current LEAC Rate and Advances Deferred Fuel Accounting 
Review 
U.S. Virgin Islands — The Virgin Islands Public Services Commission (PSC) voted during its June 
meeting to retain the current Levelized Energy Adjustment Clause (LEAC) rate of 22.2226 cents 
per kilowatt-hour (kWh) from July 1 through September 30, 2026. 
The Commission also approved a waiver of the standard 30-day filing and public notice 
requirement to ensure continuity in the rate structure while additional fuel-cost analyses are 
completed. 
The decision follows recommendations from the Commission’s consultants J. A. Wright & 
Associates, LLC, who advised maintaining the current LEAC due to ongoing fuel-price volatility 
and the Virgin Islands Water and Power Authority’s (WAPA) financial constraints. 
Commissioners noted that retaining the current rate helps avoid additional financial pressure on 
both the utility and its customers while fuel markets continue to stabilize. 
The Commission also addressed the status of WAPA’s deferred fuel account. As part of a 
previously approved settlement agreement, PSC staff and WAPA will work together to calculate 
the aggregate deferred fuel balances accumulated between September 2025 and June 2026. Once 
finalized, accounting adjustments will be made to reconcile and reset the deferred fuel account. 
Additionally, the Commission reviewed operational concerns identified by consultants, including 
the performance of certain generating units and solar-energy systems. Consultants recommended 
further evaluation of generation assets and operational practices to improve efficiency and 
reliability. 
The PSC remains committed to protecting ratepayers while ensuring the financial stability 
necessary for the continued delivery of reliable utility services throughout the Territory. 
For additional information, visit the PSC’s website or contact the Office of Public 
Communications. 
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