Haw. Code R. § 16-605-31 - General rate increase - supporting documents and information
(a) Any application for a tariff change that
constitutes a request for a general rate increase must be preceded by a notice
of intent to seek such change in conformance with section 16-601-85, except
when the change is due to a fuel surcharge approved by the
commission.
(b) The application
described in subsection (a) must be accompanied by the following documents and
information:
(1) Balance sheet and income
statement for the prior calendar year;
(2) Latest available balance sheet that is
not older than two months before the date of filing of the
application;
(3) Income statement
from January 1 through the date of the latest available balance
sheet;
(4) Recorded actual results
of operations for the prior calendar year;
(5) Depreciation schedule supporting the
latest financial report and the projected results of operations;
(6) Projected results of operations for the
test year as prescribed in subsection (c);
(7) Rate base computation, including property
and equipment of related companies. The carrier shall include in the
computation the beginning and ending balances for each of the following
ratemaking components:
(A) Plant in service
and accumulated depreciation;
(B)
Materials and supplies inventory, working cash, and other additions to rate
base;
(C) Deferred income taxes,
investment tax credits, and other deductions to rate base; and
(D) Breakdown of related companies' property
or equipment investment allocated to the carrier, such as tugs. For each
investment of related companies, the carrier shall specifically identify the
original cost, accumulated depreciation, and the basis of allocation;
(8) Schedule on computation of
working cash;
(9) Summary of
charter hire expenses paid by the water carrier to related companies by island
and by month for the periods specified in section 16-605-31(e). The carrier
shall identify in the exhibit the equipment or service provided by and the
total expense paid to the related company;
(10) Schedule of operating revenues for all
ports. The carrier shall indicate in the schedule, by port, the outbound and
inbound tonnage for property carriers, the number of passengers for passenger
carriers, and the outbound and inbound revenues. The carrier shall make
available to the commission worksheets showing a breakdown for each port of the
major descriptive categories with corresponding tonnage or numbers of
passengers; and
(11) Written direct
testimony, exhibits, and supporting workpapers justifying the requested general
rate increase.
(c) The
projected results of operations must include the following information, except
that a carrier with annual gross operating revenues below $2 million need not
provide the information specified in paragraphs (4) and (5):
(1) Projected operating revenues by major
accounts;
(2) Projected operating
expenses by major accounts, including depreciation, amortization, taxes other
than income taxes, and income taxes;
(3) Net projected operating income;
(4) Proposed rate base;
(5) Proposed rate of return on rate base;
and
(6) Projected operating ratio.
The revenue and expense projections by major accounts must be supported by separate schedules itemizing revenues and expenses by subaccounts. The projected results of operations must reflect any allocation of expenses from the carrier's affiliates and any allocation of revenues and expenses between the carrier's regulated and nonregulated operations. Any such allocation of revenues and expenses must be supported by appropriate worksheets and schedules.
(d)
In addition to the information and data submitted pursuant to subsection (b),
the commission may require a water carrier to submit additional information and
data. Unless ordered otherwise, the carrier shall submit the information and
data to the commission within fifteen days following the issuance of the
commission's request.
(e) The test
year for any general rate increase application is:
(1) January 1 to December 31 of the year in
which the application is filed, if the application is filed within the first
six months of the year; and
(2)
January 1 to December 31 of the year following the year in which the
application is filed, if the application is filed within the last six months of
the year.
Notes
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