LIHU‘E — The state Public Utilities Commission on Thursday denied Kaua‘i Island Utility Cooperative’s request to raise rates by around 10.45 percent, a PUC press release states. The commission approved a net increase of just under 2 percent, saying KIUC’s
LIHU‘E — The state Public Utilities Commission on Thursday denied Kaua‘i Island Utility Cooperative’s request to raise rates by around 10.45 percent, a PUC press release states.
The commission approved a net increase of just under 2 percent, saying KIUC’s proposals to tap members to cover incentive employee compensation and salary increases “were unreasonable for rate-making purposes in the current down economy.”
The effect of the PUC’s Thursday final decision and order is that the 1.98-percent increase approved initially by the PUC in April and effective in May will become the final rate increase in this rate case.
See the Saturday print edition of The Garden Island for the complete story.
