Notice of Public Hearing for Kauai Island Utility Cooperative Rate Case (Docket No. 2022-0208)Posted on Mar 6, 2023 in Announcements, Public Notice
The STATE OF HAWAII PUBLIC UTILITIES COMMISSION (“Commission”) will hold a public hearing relating to the Application of KAUAI ISLAND UTILITY COOPERATIVE (“KIUC”) for Commission approval of rate changes and increases, revised rate schedules, and changes to its tariff. The Commission will host an in-person public hearing for all interested persons as follows:
Public Hearing Information
Date/Time: Tuesday, March 28, 2023, at 6:00 p.m.
King Kaumuali̔i Elementary School Cafeteria
4380 Hanamaulu Road
Lihue, Hawaii 96766
UPDATE: The Commission is providing additional options to participate in the public hearing virtually, as follows:
Online (via web browser or WebEx mobile device app)
Meeting Number: 2558 895 7134
Meeting Password: KVjMJshW287
Dial-in Number: +1-650-479-3208
Access code: 2558 895 7134
Meeting Password: 58565749
Written statements may also be mailed to the Public Utilities Commission, 465 South King Street, Room No. 103, Honolulu, Hawaii 96813, or e mailed to [email protected]. All written statements should reference Docket No. 2022-0208 and include the author’s name and the entity or organization that the author represents, if any.
Summary of Application
KIUC is a not-for-profit electric cooperative engaged in the production, transmission, distribution, purchase, and sale of electric energy on the island of Kauai, Hawaii. KIUC seeks Commission approval of an increase of $16.7 million in its electric revenues, or approximately 9.42% over the pro forma total electric revenue amount of $177.0 million at present rates, based on a 2023 test year. If approved, the proposed revenue increase will provide KIUC with a Debt Service Coverage (DSC) Ratio under its loan indenture for the 2023 test year of 1.75.
KIUC proposes to allocate the proposed revenue increase among its customer classes through rate changes and increases as set forth in Exhibit 5 to its Application. KIUC also proposes to combine Schedules “L” and “P” into a new Schedule “LP.”
As part of its Application, KIUC also requests, among other things, that the Commission: (1) approve changes to its existing tariff (KIUC Tariff No. 1) to effectuate its proposed rate changes and increases, as well as changes to its depreciation rates and to its existing Energy Rate Adjustment Clause mechanism; (2) approve the recovery over a 10-year amortization period of the balance of the lost gross margins regulatory asset established by Decision and Order No. 37252, filed on July 31, 2020, in Docket No. 2020 0088; (3) approve the recovery over a 10-year amortization period of the balance of the regulatory asset resulting from the pension tracking mechanism established by the Decision and Order, filed on September 9, 2010, in Docket No. 2009 0050; and (4) grant such other relief, including any interim rate increase, as may be applicable, required, just, and/or reasonable under the circumstances and/or in order for KIUC to implement its proposed revenue and rate increases.
The Commission will investigate whether the proposals in the Application, including revisions to KIUC’s rate schedules, are just and reasonable.
Contact Information for Kauai Island Utility Cooperative’s attorneys:
Kent D. Morihara
Lianna L. Figueroa
Jamie C. Yoshikane
Rio H. Kwon
Schneider Tanaka Radovich Andrew & Tanaka LLLC
1100 Alakea Street, Suite 2100
Honolulu, Hawaii 96813
Phone: (808) 792-4200
Email: [email protected], [email protected], [email protected], [email protected]
Contact Information for the Consumer Advocate:
Department of Commerce and Consumer Affairs
Division of Consumer Advocacy
335 Merchant Street, Room 326
Honolulu, HI 96813
Phone: (808) 586-2800
Email: [email protected], [email protected]