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It’s the public’s turn to chime in on Hawaiian Electric’s bid to raise base rates, which the utility contends is necessary to combat inflation, pay for increased insurance premiums and compensate for aging fossil fuel-burning generators.
HECO is looking to hike rates for its 472,000 customers to boost annual revenue by $170 million over most of the next five years. That’s a healthy sum, and $125 million of it will arrive next year if the state Public Utilities Commission grants plan approval. Per-customer increases range from $8 to $12 a month in 2027, and $2 to $3 a month in 2028.
The PUC is holding public hearings on the proposal
today on Molokai and Friday on Oahu. Those interested can join the latter online (see 808ne.ws/PUChearings).