By Pacific Business News (Honolulu)

The Hawaii Public Utilities Commission has granted Maui Electric Co. an interim rate increase of 3.3 percent, effective Aug. 1.

The increase will impact customers on Maui, Molokai and Lanai and will total $10.3 million.

The public utility group will continue to review details of the request and later issue a final decision and, if a lower increase is approved, the difference will be refunded to customers with interest.

The increase will help pay for more than $122 million in capital projects to improve service reliability, including upgrading and replacement of underground lines and new substations.

Copyright 2010 American City Business Journals

http://pacific.bizjournals.com/pacific/stories/2010/07/26/daily22.html?ana=thestreet

Copyright bizjournals.com 2010

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