PUC says Molokai Public Utilities needs more money

HONOLULU (AP) - The state Public Utilities Commission has approved an annual revenue increase of $548,682, or 126.5 percent, for Molokai Public Utilities Inc. The commission said Thursday that it recognizes the increase in MPU's water rates is large. But it says the increase is needed for MPU to continue essential water serve in the Kaluakoi area without interruption.

The company initially requested an increase of 201.5%, but subsequently amended its request to seek an increase of 126.8%.

On May 28, the PUC approved an interim increase of about 125%, effective July 1. Accordingly, the percentage increase from the interim decision to Thursday's final decision is about 1.5%.

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