U.S. Virgin Islands

A letter of credit would be used, in part, to help fund a settlement between WAPA and its fuel supplier Vitol.

The New York Fed said the tech sector's employment contraction impact on the New York City economy was unlikely to be significant.

At issue is the completion of a WAPA financial settlement with its fuel supplier, Vitol, to which it owes about $278 million.

The authority hopes to have solar and wind provide 30% of the islands' electricity within two years.

The bill's sponsor pointed to board members' need for expertise.

U.S. Virgin Islands Gov. Albert Bryan Jr. also voiced concern about the EPA closure of an oil refinery in St. Croix.

The authority's issues hamper the USVI economy, Gov. Bryan says in his state of the territory speech.

If the USVI closes the deal, it would mark only the second long-term lease of a U.S.-based airport, after Puerto Rico's Luis Munoz Marin International Airport.

The government has reached a settlement with the estate of Jeffrey Epstein.

The authority said it expects production problems and higher costs in the near future.

The financially distressed utility has less than two weeks to find a substitute supplier of 80% of its fuel.

Puerto Rico's employment trends are better than its fellow territory's since the onset of the COVID-19 pandemic, say Federal Reserve Bank of New York analysts.

With 16 days left to the U.S. House of Representatives' session, a bill to raise the rate languishes in committee.

The goal is to reduce energy costs and exposure to energy price spikes.

Moody's says the cut is a credit negative for the U.S. Virgin Islands' matching fund bonds.

The pension system has sued WAPA demanding immediate payment of more than $2 million in employee contributions.

Incumbent Gov. Albert Bryan Jr. will face Sen. Kurt Vialet in a gubernatorial general election in November.

Ownership issues seem to be worked out, more or less, but reopening the refinery remains in doubt.

Changing federal policies toward hurricane aid may change these events' credit impacts.

The board also approved a rollover of bond anticipation notes because it doesn't have access to the bond market.