Hawaii Electric Light Proposes 3.4% Rate Increase – Docket No. 2018-0368Posted on Dec 14, 2018 in Important Dockets
The Hawaii Electric Light Company (HELCO) has requested Public Utilities Commission (PUC) approval of a general rate increase and revised rate schedules and rules. HELCO is seeking an increase of $13,350,000 (or 3.8 percent) over revenues at current effective rates to achieve a revenue requirement of $407,857,000.
This request is based on a revenue requirement of $407,857,000 for a normalized 2019 test year (which includes Hu Honua as an independent power producer in the 2019 test year). It is also based on an 8.30 percent rate of return (which incorporates an ROE of 10.50 percent) on an average rate base of $536,931,000 for the 2019 test year. HELCO last filed an application for approval of a general rate increase and revised rate schedules and rules in September 2016.
The Consumer Advocate (CA) will review the application and participate in the docket proceedings. In its review, the CA will analyze whether the requested increase is too high and other related matters. The CA will provide its position on HELCO’s requested rate increase upon completion of the CA’s analysis and investigation.
Rate reviews are required by the Public Utilities Commission (PUC) every three years.
View the application and other corresponding documents by searching Docket No. 2018-0368 in the “Docket Quick Link” search box on the PUC’s document management system.