{"id":24525,"date":"2015-06-25T10:14:42","date_gmt":"2015-06-25T10:14:42","guid":{"rendered":"https:\/\/viconsortium.com\/?p=24525"},"modified":"2015-06-25T14:36:55","modified_gmt":"2015-06-25T14:36:55","slug":"wapa-board-approves-317-3-million-operational-budget-and-117-8-million-for-capital-projects","status":"publish","type":"post","link":"http:\/\/wp.viconsortium.com\/?p=24525","title":{"rendered":"WAPA Board Approves $317.3 Million Operational Budget And $117.8 Million For Capital Projects"},"content":{"rendered":"<p>ST. CROIX &#8212; At its monthly meeting on Wednesday, the governing board of the Virgin Islands Water and Power Authority approved the public utility\u2019s operating and capital budgets for Fiscal Year 2016 which begins on July 1st, according to a press release WAPA issued on Wednesday.<\/p>\n<p>The electric system operating budget approved by the board totals $286.6 million and the electric system capital budget is approximately $100.1 million. The water system operating budget is set at $30.7 million and the water capital budget is pegged at $17.7 million dollars. WAPA\u2019s fiscal year runs from July 1 \u2013 June 30.<\/p>\n<p>Seeking clarification on the aforementioned numbers, <em>The Consortium<\/em> contacted\u00a0Jean P. Greaux, Jr., WAPA&#8217;s communications director, who said the capital budget is funds set aside for future expansion in relation to power generation capacity and other initiatives like WAPA&#8217;s\u00a0 <span style=\"color: #3366ff;\"><a style=\"color: #3366ff;\" href=\"https:\/\/viconsortium.com\/business\/wapa-to-commence-smart-meter-work-on-st-croix-june-9\/\" target=\"_blank\">Advance Metering Infrastructure<\/a><\/span> (AMI) efforts, while the operational budget includes the full operational costs of the semi-autonomous entity.<\/p>\n<p>Asked why WAPA had set aside the large sum of $117.8 million for capital projects, some of which WAPA has yet to identify, Greaux said he did not have the opportunity to speak to his superiors in length concerning the formula used to arrive at the capital budget.<\/p>\n<p>In other action at the meeting, the board approved changes to a contract regarding the sourcing and transporting of parts associated with the redesign of a heat recovery steam generator. The changes will not affect the overall cost of the contract.<\/p>\n<p>The board also approved a contract totaling $1.1 million for project management of the reengineering of the same generator. \u201cCompleting the rehabilitation of this generator will return the Randolph Harley Plant on St. Thomas to combined cycle operation which will improve both heat rate and plant efficiency,\u201d said WAPA Executive Director, Hugo V. Hodge, Jr.<\/p>\n<p>Other approvals included:<\/p>\n<ul>\n<li>Additional funding to remove and dispose of lead based paint that was discovered during the demolition of the now decommissioned water desalination plants.<\/li>\n<li>Time extension to September 30, 2015 to complete the fire protection system upgrade as LPG is being introduced to the WAPA power plants. The extension will not incur additional cost.<\/li>\n<li>Reprogramming of funds totaling $490,000 to facilitate the implementation of interconnection point to allow for the safe and efficient delivery of power from the Donoe solar farm to the electrical distribution system.<\/li>\n<li>Renewal of insurance policies with CIGNA HealthCare for four months beginning on September 1, 2015 at a cost of $1.9 million.<\/li>\n<li>Extension of a contract with Risked Revenue Energy Associates to provide fuel hedging consultation and related services. The extension is in the amount of $200,000.<\/li>\n<li>A request of the Public Services Commission to remove the rate finance mechanism surcharge from the LEAC and into the base rate. The PSC requested that all non-fuel related items be removed from the LEAC. The rate finance mechanism was designated to conduct maintenance of generators and for payments on leased generating Unit 25.<\/li>\n<li>One year contract agreement with a company to provide independent external audit services. At a cost of $350,000, the company will perform an audit for the period ending June 30, 2015 as required by bondholders, the PSC and lending institutions.<\/li>\n<\/ul>\n<p>Board members in attendance included: Chairman Gerald Groner, Vice Chair Juanita Young, Secretary Noel Loftus, Donald Francois and Director Designee Marvin Pickering. Members Cheryl Boynes Jackson, Elizabeth Armstrong and Commissioner Designee Gustav James were excused.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ST. CROIX &#8212; At its monthly meeting on Wednesday, the governing board of the Virgin Islands Water and Power Authority approved the public utility\u2019s operating and capital budgets for Fiscal Year 2016 which begins on July 1st, according to a press release WAPA issued on Wednesday. The electric system operating budget approved by the board [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20730,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[228,11,191,147],"tags":[1008,83],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>WAPA Board Approves $317.3 Million Operational Budget And $117.8 Million For Capital Projects - V.I. Consortium<\/title>\n<meta name=\"description\" content=\"ST. CROIX -- At its monthly meeting on Wednesday, the governing board WAPA approved the public utility\u2019s operating and capital budgets for Fiscal Year...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/wp.viconsortium.com\/?p=24525\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ernice Gilbert\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"http:\/\/wp.viconsortium.com\/?p=24525\",\"url\":\"http:\/\/wp.viconsortium.com\/?p=24525\",\"name\":\"WAPA Board Approves $317.3 Million Operational Budget And $117.8 Million For Capital Projects - V.I. 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I've been the Editor-In-Chief at my videogames website, Gamesthirst, for over 5 years, writing over 7,000 articles and more than 2 million words. I'm also very passionate about where I live, the United States Virgin Islands, and I'm intent on making it a better place by being resourceful and keeping our leaders honest. VI Consortium was birthed out of said desire, hopefully my efforts bear fruit. Reach me at ernice@viconsortium.com.\",\"sameAs\":[\"http:\/\/ernicegilbert.com\/\"],\"url\":\"http:\/\/wp.viconsortium.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"WAPA Board Approves $317.3 Million Operational Budget And $117.8 Million For Capital Projects - V.I. Consortium","description":"ST. 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