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The authority may fail to pay $49 million of BANs, observers say.
June 11 -
Moody's says the downturn in activity will put additional pressure on the Caa3-rated issuer.
April 7 -
Analysts say the development is another sign of financial stress at the beleaguered utility.
March 11 -
Virgin Islands Gov. Albert Bryan Jr. said the government is exploring various revenue streams to support the islands' pension system.
January 14 -
The governor said that the government must now move toward a long-term solution to WAPA's problems.
December 30 -
U.S. Virgin Islands Gov. Albert Bryan forged an agreement with lawmakers to work collaboratively in identifying funding for outstanding debt tied to the island’s Water and Power Authority.
December 23 -
It also orders a cut to a customer charge for fuel.
December 13 -
A declaration would be a first step toward dealing with the insolvency of the Water and Power Authority, with $252 million of bonds outstanding.
November 7 -
Moody's says the adoption of an on-time budget along with audited financials are positive developments.
October 10 -
A proposal for a rate increase to back a bond got a hostile reception.
October 2