Hawaii utilities board approves Maui Electric rate increase

WAILUKU— The Hawaii Public Utilities Commission has approved the first base-rate increase in six years by Maui Electric Company Ltd., officials said.

The power company announced the 3.7% increase Friday and expects the change to generate $12.1 million in annual revenue, The Maui News reported Sunday.

The commission approved the base-rate increase last month, but totals had not been finalized. The final tariff and rate schedules and effective date remain subject to commission approval.

The updated rate filed April 17 would help pay for operational improvements, including system upgrades to increase reliability, improve customer service and integrate more renewable energy, the company said.

The utility will no longer pass on all fossil fuel costs. Instead, customers will pay 98%, with the remaining 2% paid by Maui Electric, up to a $633,000 cap, according to the company.

Regulators approved an interim rate increase in August under which a typical Maui monthly residential bill for 500 kilowatt-hours increased by about $5 a month. A monthly residential bill for 400 kWh increased by about $5 on Lanai and about $4.60 on Molokai.

Because the final rate is less than the interim amount Maui Electric charged for the past eight months, the utility plans to issue a one-time refund of $556,200 in June, or about $3 to each residential customer using the typical amount of electricity.

The 3.7% base rate increase would be less than half of a previous request for a 9.3% increase, equaling $30 million in revenue, filed in October 2017.

———

Information from: The Maui News, http://www.mauinews.com

1 Comments
  1. VegrokKes April 24, 2019 6:14 am Reply

    Every woman could have varied financial problems. Any people don’t receive their incomes in time. That is the cause, why it is necessary to get money in financial organizations. Some guys like to take credits in banking houses. But not all banking houses like to cooperate with insolvent clients. If you wish to take payday loans online in USA, we recommend going at maybeloan.com, where you can take cash online.

    The main plus of credit like this is that you can take cash advance in USA online. If you have a history of bad credit payday loans in USA, you needn’t live through about this. At link is working customer support, which will consult you about various questions. If you want to take credit for a few days, you must to apply the request. Administrators will view the request and answer as fast as feasible. If you desire to get short term payday loans in USA, you may do it on the website. It is not necessary to visit a banking house. All procedures pass very quickly.

    If you wish to receive short term loans in USA, or you desire to take comfortable credit online, we advise visit websites like maybeloan. At this link, there are a lot of variants of payday loans. You can take installment loans or title loans. If you desire, it is possible to have credit for Visa or MasterCard. A lot of boys asking about safe and secure. You must don’t worry about safe and secure. Instant financial aid supports a lot of guys. Young families don’t know how it is probable to live without money. When you need additional money, we recommend using maybeloan.com, where you can take it at a different time.

    Coins is an integral part of our life. More and more guys at the moment like to take fast payday credits in USA. If you are living in Colorado or Chicago and you need very fast to receive cash online, we advise do it on the website. If you desire to get quick payday credits in USA, you can do it cash advance in New Mexico here. If you desire to get payday credits now in United States of America, but you haven’t any papers, you can do it online. At the website there are a lot of causes, why you must use their services. Their customer service is working online 24/7. You can ask them about different banking questions. You shouldn’t pay any charges and fees.

    In the USA there are a lot of poor families. In poor towns, there are some issues with finding a job. If you desire to solve your economical problems, you should handle online financial organizations. You can get payday credits today in USA with a minimum number of documents. As rule, if you want to receive cash loans in Arizona, you can use web service. A lot of people from Arizona or Wyoming like to use a mobile device and receive cash advance. If you have bad credit payday loans in AL, you can use web service.
    If you have any questions, you must appeal to the helpdesk. Administrators in customer support are working 24/7 and they support you. In some ways, you can to receive cash in the night time. If you need any help from the company, you can ask managers about the possibility of loan prolongation. At https://maybeloan.com/payday-loans/ga you can take credit without references. You can find data, how it is reliable to get money online. On website you can read FAQ, search information, how to get cash loans in Florida. If you want to take easy payday credits in FL, you must take credit at the company. Different women don’t have cash for their expenses and they ask about support on the web.

    A lot of independent companies also need cash. If independent company couldn’t handle to banking house, the best way to ask money in independent organizations like maybeloan. Some guys from the capital of the USA can also use fast payday credits in Washington. More and more guys remain satisfied with company services.


Your email address will not be published. Required fields are marked *

*

By participating in online discussions you acknowledge that you have agreed to the TERMS OF SERVICE. An insightful discussion of ideas and viewpoints is encouraged, but comments must be civil and in good taste, with no personal attacks. If your comments are inappropriate, you may be banned from posting. To report comments that you believe do not follow our guidelines, send us an email.