Tuesday, June 17, 2008
Pacific Business News (Honolulu)
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The Hawaii Public Utilities Commission is considering allowing two water utilities owned by Molokai Ranch to temporarily raise rates for six months to continue water and sewage service to the island's west end.
The PUC said it was "forced" to open the proceeding on the rate increases Monday because the three regulated companies -- water utilities Molokai Public Utilities, Inc., and Waiola o Molokai, and sewer utility, Mosco, Inc., said they would have to shut down in August because they cannot afford to keep operating.
"Molokai Ranch has informed the PUC that it could no longer afford to continue operations of these utilities due to substantial losses experiences by MPU and Waiola in 2007, and that the services would be discontinued...
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