The state Public Utilities Commission has scheduled public meetings relating to its review of Young Brothers LLC’s request for approval of a general rate increase of approximately 34% over revenue at present rates.
A hearing is scheduled at 4:30 p.m. today at the Lihue State Office Building, conference rooms 2019 B and C, 3059 Umi Street.
“The commission will investigate whether the proposed revenue increases, changes in rate schedules and rules, and other matters proposed in Young Brothers’ application are just and reasonable,” a press release said.
Young Brothers is a water carrier authorized to transport property by barge between the islands of Oahu, Hawaii, Kauai, Maui, Molokai and Lanai.
In the application, Young Brothers states that the “purpose for the requested increase is to sustain Young Brothers’ financial viability to ensure the provision of safe, adequate, economical and efficient service at reasonable rates.”