GOVERNMENT OF THE UNITED STATES VIRGIN ISLANDS PUBLIC SERVICES COMMISSION IN RE: PSC Docket No. 289 THE VIRGIN ISLANDS WATER AND Order No. 26/2015 POWER AUTHORITY’S LEVELIZED ENERGY ADJUSTMENT CLAUSE ORDER WHEREAS, on November 22, 2014, the Virgin Islands Water and Power Authority’s (hereinafter “WAPA” or “Authority”) filed a Petition with the Virgin Islands Public Services Commission (hereinafter “PSC” or the “Commission”) for the Water Levelized Energy Adjustment Clause (hereinafter “LEAC”) factors for the period of January 1, 2015 to December 31, 2015; and WHEREAS, on December 10, 2014, the Commission received a Report and Recommendations from its technical consultants; and WHEREAS, on December 15, 2014, the Commission received WAPA’s Rebuital to the Georgetown Report; and , WHEREAS, on December 16, 2014 , the Commission met in regular session in the Commission’s offices on both St. Thomas and St. Croix and heard from the Authority and the Commission’s technical consultants; and WHEREAS, the Commission has reviewed the Authority’s Petition for new Electric LEAC rates for the period of January 1, 2015 to December 31, 2015, the supporting information, and the report, the rebuttal and testimony of the witnesses; and NOW THEREFORE, the Commission ORDERS that: 1. The Commission approves the request to change to a twelve month Water LEAC period. PSC Docket 289 Order No. 26/2015 — WAPA Water LEAC Page 2 of 2 2. The Commission sets the rate for the Water LEAC at $7.22 per thousand gallons ($7.22/kGal) for the period of January 1, 2015 through December 31, 2015 So Ordered. For the Commission Za Johan Clendenin, Chair Date: January 23 , 2015 Nunc Pro Tunc to: December 16, 2015