Section 16-605-31 - General rate increase - supporting documents and information(a) Any application for a tariff change that constitutes a request for a general rate increase must be preceded by a notice of intent to seek such change in conformance with section 16-601-85, except when the change is due to a fuel surcharge approved by the commission.(b) The application described in subsection (a) must be accompanied by the following documents and information:(1) Balance sheet and income statement for the prior calendar year;(2) Latest available balance sheet that is not older than two months before the date of filing of the application;(3) Income statement from January 1 through the date of the latest available balance sheet;(4) Recorded actual results of operations for the prior calendar year;(5) Depreciation schedule supporting the latest financial report and the projected results of operations;(6) Projected results of operations for the test year as prescribed in subsection (c);(7) Rate base computation, including property and equipment of related companies. The carrier shall include in the computation the beginning and ending balances for each of the following ratemaking components:(A) Plant in service and accumulated depreciation;(B) Materials and supplies inventory, working cash, and other additions to rate base;(C) Deferred income taxes, investment tax credits, and other deductions to rate base; and(D) Breakdown of related companies' property or equipment investment allocated to the carrier, such as tugs. For each investment of related companies, the carrier shall specifically identify the original cost, accumulated depreciation, and the basis of allocation;(8) Schedule on computation of working cash;(9) Summary of charter hire expenses paid by the water carrier to related companies by island and by month for the periods specified in section 16-605-31(e). The carrier shall identify in the exhibit the equipment or service provided by and the total expense paid to the related company;(10) Schedule of operating revenues for all ports. The carrier shall indicate in the schedule, by port, the outbound and inbound tonnage for property carriers, the number of passengers for passenger carriers, and the outbound and inbound revenues. The carrier shall make available to the commission worksheets showing a breakdown for each port of the major descriptive categories with corresponding tonnage or numbers of passengers; and(11) Written direct testimony, exhibits, and supporting workpapers justifying the requested general rate increase.(c) The projected results of operations must include the following information, except that a carrier with annual gross operating revenues below $2 million need not provide the information specified in paragraphs (4) and (5): (1) Projected operating revenues by major accounts;(2) Projected operating expenses by major accounts, including depreciation, amortization, taxes other than income taxes, and income taxes;(3) Net projected operating income;(5) Proposed rate of return on rate base; and(6) Projected operating ratio. The revenue and expense projections by major accounts must be supported by separate schedules itemizing revenues and expenses by subaccounts. The projected results of operations must reflect any allocation of expenses from the carrier's affiliates and any allocation of revenues and expenses between the carrier's regulated and nonregulated operations. Any such allocation of revenues and expenses must be supported by appropriate worksheets and schedules.
(d) In addition to the information and data submitted pursuant to subsection (b), the commission may require a water carrier to submit additional information and data. Unless ordered otherwise, the carrier shall submit the information and data to the commission within fifteen days following the issuance of the commission's request.(e) The test year for any general rate increase application is: (1) January 1 to December 31 of the year in which the application is filed, if the application is filed within the first six months of the year; and(2) January 1 to December 31 of the year following the year in which the application is filed, if the application is filed within the last six months of the year.[Eff 1/1/2019] (Auth: HRS §§ 269-6, 271G-7) (Imp: HRS §§ 269-6, 271G-7, 271G-16, 271G-17)