Sunday, June 16, 2024
Hawai'i Free Press

Current Articles | Archives

Friday, June 22, 2018
PUC Orders $107M Hawaii Electric Rate CUT--Thanks to President Donald J Trump
By News Release @ 9:43 PM :: 6166 Views :: Energy, Taxes, Cost of Living

PUC APPROVES RATE DECREASE FOR HAWAIIAN ELECTRIC COMPANY, INC.

News Release from Hawaii PUC, June 22, 2018

HONOLULU – In a 3-0 decision, the Hawaii Public Utilities Commission today issued its Final Decision and Order approving a rate decrease for Hawaiian Electric Company, Inc.

This rate decrease reflects the impacts of the recently enacted federal “Tax Cuts and Jobs Act,” as well as several downward adjustments made by the Commission earlier in its Interim Decision and Order, issued December 15, 2017. As a result, what had initially been proposed by Hawaiian Electric as an approximately $106,383,000 increase in revenues has been reduced to a revenue decrease of approximately $603,000.

In reaching its decision, the Commission noted that Hawaiian Electric and the Department of Commerce and Consumer Affairs, Division of Consumer Advocacy had reached a settlement agreement which addressed all of the outstanding issues remaining in this proceeding.

In addition, the Commission approved a modification to Hawaiian Electric’s automatic fuel cost surcharge to include a risk sharing element, to more fairly share the risk of fuel price increases and decreases between Hawaiian Electric and its customers. The fuel cost risk sharing includes a cap of $2.5 million per year, so Hawaiian Electric is protected from significant unanticipated increases in fuel prices, while customers will still enjoy most of the benefits of fuel price decreases.

For a full description of the Commission’s rulings, please see the complete Final Decision and Order, filed June 22, 2018, in Docket No. 2016-0328. The Final Decision and Order, as well as links to the docket record may be found on the Commission’s website at: http://puc.hawaii.gov.

# # #

Flashback: Tax Cut Makes Hawaii Democrats Bitter, Spiteful

Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

Aloha Pregnancy Care Center

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii

FIRE

Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Habele.org

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii Military History

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Together

HiFiCo

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

July 4 in Hawaii

Land and Power in Hawaii

Lessons in Firearm Education

Lingle Years

Managed Care Matters -- Hawaii

MentalIllnessPolicy.org

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

Natatorium.org

National Parents Org Hawaii

NFIB Hawaii News

NRA-ILA Hawaii

Obookiah

OHA Lies

Opt Out Today

Patients Rights Council Hawaii

Practical Policy Institute of Hawaii

Pritchett Cartoons

Pro-GMO Hawaii

RailRipoff.com

Rental by Owner Awareness Assn

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

School Choice in Hawaii

SenatorFong.com

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii