AGP Executive Report
Last update: 20 minutes agoEnergy & Cost Pressure: In the BVI, Opposition Member Hon. Ronnie W. Skelton warned that amendments to BV Electricity Corporation’s statutory rates could drive up bills for small businesses, arguing most customers use far more than the 1,500 kWh threshold cited in the debate and that electricity is “the lifeblood of the economy.” Local Regulation & Transit Rates: The VI Public Services Commission deferred action on a final report on St. Thomas–St. John ferry rates after operators alleged a conflict of interest and asked commissioners to discard the examiner’s findings; the report recommended cutting the rate base about 21%. Maritime & Industry Funding: The U.S. Maritime Administration awarded $35.18 million to 45 small shipyards across 24 states and the U.S. Virgin Islands under the 2026 Small Shipyard Grant Program, targeting equipment, infrastructure, and workforce training. Undersea Tech Leadership: UTIC named Donald McCormack board chair after Debbie Proffitt retired; Proffitt is moving to St. John and focused on sea turtle conservation. Cruise Economy: The VI ranked among the Caribbean’s fastest-growing cruise destinations, with 493,397 passenger arrivals in early 2026 up 29.3%, as cruise activity centered on the Tortola pier park. Food Safety Alert: A Class I recall was issued for about 29,628 pounds of raw frozen boneless beef imported from Argentina after it entered commerce without mandatory import reinspection; Caribbean distributors and kitchens were urged to audit affected stock.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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