Molokai Customers to Get Electric Refund
An electric bill refund is on the way for Molokai customers of Maui Electric Company (MECO). A recent decision by the Public Utilities Commission (PUC) on Maui County electric rates will result in an estimated $39 to $49 refund.
Last year, MECO applied for a rate increase with the PUC. An interim rate of 3.16 percent in annual revenues, or $13.1 million, was approved by the PUC and charged to customers in their bills since June 2012. In a final rate decision issued last week, however, the PUC approved a MECO revenue increase of about half that — 1.29 percent revenue increase, or $5.3 million.…