Section 16-601-88 - Requirements for general rate increase applications by a public utility with annual gross operating revenues of less than $2,000,000For an application by a public utility with annual gross revenues from its public utility business of less than $2,000,000 for a general rate increase or to alter any classification, contract, practice, or rule as to result in a general rate increase to be considered a completed application under section 269-16, HRS, the application, in addition to meeting the requirements of section 16-601-86, must contain the following:
(1) A general description of the applicant's property and equipment;(2) The total increase requested, expressed in terms of dollars and per cent. If different classes of service are affected, the increase requested shall be expressed in both dollars and by percentage for each class;(3) A summary of estimated earnings (rate of return summary) on a depreciated rate base for a twelve month period (test year). The adjusted or estimated results shown for the test year shall be on a consistent basis reflecting normalized conditions to the best estimate possible. The test year shall be a forward test year, determined as follows: (A) If an application is filed within the first six months of any year, the test year shall be from July 1 of the same year through June 30 of the following year; or(B) If an application is filed in the last six months of any year, the test year shall be from January 1 through December 31 of the following year; and(4) Written direct testimony supporting its exhibits and the justification for the increase requested.[Eff 1/1/2019] (Auth: HRS §§ 91-2, 269-6) (Imp: HRS §§ 91-2, 269-16)