GOVERNMENT OF THE VIRGIN ISLANDS

OF THE UNITED STATES

PUBLIC SERVICES COMMISSION



IN RE )

)

TRANSPORTATION SERVICES OF ST. ) Docket No. 640

JOHN, INC. AND VARLACK VENTURES, __ ) PSC Order No. 54/2017

INC. RATE INVESTIGATION )

)

ORDER



WHEREAS, the Virgin Islands Public Services Commission (hereinafter “PSC” or the

“Commission”) opened an investigation into the fares and services of the franchise passenger

ferry operations between St. Thomas and St. John; and



WHEREAS, the Franchisees, Varlack Ventures and Transportation Services of St. John,

have requested an increase in their revenues in the course of this proceeding; and



WHEREAS, the Commission appointed Attorney Jennifer Jones as Hearing Examiner to

preside over the hearings for the Ferry Franchisees’ Petition for an increase in rates; and



WHEREAS, the Commission received the Final Report and Recommendations from the

Hearing Examiner; and



WHEREAS, on March 21, 2017, the Commission held a meeting in the Commission’s

offices on both St. Thomas and St. Croix, United States Virgin Islands to consider this matter;



WHEREAS, it was demonstrated that the Commission had not received the audited

financial statements of the franchisees; and



WHEREAS, it is acknowledged that following financial information was not previously

provided to the Hearing Examiner; therefore the Commission now directs the franchisees to

provide the following:



1. Schedule detail supporting Operating Expenses, specifically including but not limited to-

a. Full schedule of compensation expense by company and position;

b. Schedules of amortization and depreciation amounts included in opex, by asset;

c. Maintenance and repair expense projected, by vessel, including any annual

allocation for uncertainty;

d. 3rd party ticketing expense by contract;

e. Identification of professional fees; and

f. Lease expense, if any.