HI: MECO declines to raise its base rates


Maui Electric Company filed a rate case application with the Hawaii Public Utilities Commission on December 30, 2014, as required under the three-year general rate case cycle previously established by the Commission. However, MECO did not seek permission to raise its base rates, and it did not propose any revisions to its current tariffs or rate schedules. Hawaii already has the highest electric rates in the United States.

In its application, MECO stated it will seek to lower customers’ bills by implementing energy-efficiency efforts and renewable-energy projects. MECO also indicated that it does not anticipate filing another rate-case application until 2018, unless circumstances change significantly.

MECO, a subsidiary of Hawaiian Electric Company, provides electricity to ~70,000 customers on Maui Island, Molokai and Lanai.