#decoupling maui

MECO’s allowed profit level was also reduced from 10% to 9%, due to “lower interest rates” and discovered “inefficiencies,” according to the commission.

Under the PUC decision, a 1.5% increase, or $4.7 million in annual revenues was finalized, effective May 4, 2012. Company officials say the amount has already been reflected in electric bills since August 2010, when the PUC approved an interim increase.