PUC Approves Laie Water Company, Inc.’s Rate Increase Docket No. 2016-0229Posted on Apr 4, 2017 in Key Dockets
In an application filed last year, Laie Water Company, Inc. (LWC) requested approval from the Public Utilities Commission (PUC) for a net revenue rate increase of $901,953 for its water operations.
Based on comments offered at the public hearing held in Laie in November 2016, the proposed increase will represent a significant hardship for many of the customers and many opposed the increase.
Heeding the consumers’ comments and combined with its analysis, the Consumer Advocate contended that LWC’s proposed revenue requirement was overstated and recommended that the PUC adopt a number of adjustments to LWC’s forecasted test year estimates, which resulted in approximately $539,564 lower revenue requirements than what was requested by LWC in its application.
Ultimately, the PUC ordered that LWC may increase its water utility charges to produce a total annual revenue increase of $737,258, or approximately 62.74 percent over revenues at present rates.