Hearings to be held on Young Brothers rate hikes today and Tuesday
The Maui News
Public hearings to discuss interisland shipper Young Brothers’ 34 percent rate hike will be held at 5 p.m. today at the Molokai Office of Hawaiian Affairs Facility Conference Room in Kaunakakai and at 6 p.m. Tuesday at the Velma McWayne Santos Community Center in Wailuku.
The state Public Utilities Commission is conducting the hearings on the Young Brothers’ request filed Sept. 25. The shipper, which operates between Oahu, Hawaii island, Kauai, Maui, Molokai and Lanai, is seeking a 10.7 percent return on equity, a public notice said.
Young Brothers says in its filing that the rate hike is necessary because of increased operating expenses, continuing decline in intrastate cargo volume and an increase in the proposed cost of capital.
The public may comment orally and in writing at the hearing.
Written comments also may be mailed to the Public Utilities Commission, 465 S. King St., Room No. 103, Honolulu 96813 or emailed to email@example.com. All written comments should reference Docket No. 2019-0117.
Copies of Young Brothers’ application are available through the PUC’s electronic Document Management System at dms.puc.hawaii.gov/dms. Copies of the application also are available for review by contacting Young Brothers’s legal counsel, Watanabe Ing LLP, at (808) 544-8300, the PUC Honolulu office at (808) 586-2020 or the Division of Consumer Advocacy at (808) 586-2800.