At an emergency meeting with its Board of Directors, VI Water and Power Authority (WAPA) Executive Director Hugo Hodge, introduced a plan to take advantage of the dropping cost of propane and other fuels. The plan requested permission to re-institute its former “Hedge Program” with a few modifications. Hodge justified the request saying that “Taking advantage in the drop of propane prices will give ratepayers significant cost savings.”
The closure of Hovensa continues to impact how Virgin Islanders are adjusting to life with higher energy costs. The 25 percent increase to the Levelized Energy Adjustment Clause also known as the LEAC will, undoubtedly, prompt residents to once again change how they live their day-to-day lives.
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