The V.I. Water and Power Authority will not ask the Public Services Commission to increase fuel charges for electric bills in January 2000 but will instead increase the levelized energy adjustment clause, or LEAC, for water to $3.41 per thousand gallons from $1.52 per thousand gallons.
In a statement issued Wednesday, WAPA said it has been forced to pay continued high fuel costs, but Executive Director Raymond George said, "I am recommending a continuation of the existing electrical fuel factor for another six months."
The LEAC was established to pay fuel costs higher than the costs included in WAPA's base rate and is recalculated every six months based on the price of oil. WAPA submits proposed fuel charges to the PSC for review before implementation in January and July.
The PSC is expected to consider WAPA's LEAC proposal at its December meeting.
