The Garden Island


Apr 11(1.) On March 31, 2021, HAWAIIAN ELECTRIC COMPANY, INC. submitted its annual Revenue Decoupling Mechanism filing to the HAWAI'I PUBLIC UTILITIES COMMISSION (PUC). The Revenue Decoupling Mechanism is designed in part to encourage energy conservation and increase utilization of customer renewable energy resources by removing the link between the utility's revenues and its sale of electricity. Simply stated, "decoupling" allows the utility to recover approved costs to provide service even if sales decline. It also allows the utility to file less frequent rate cases. The Revenue Decoupling Mechanism filing encompasses primarily a Revenue Balancing Account (RBA) provision and an Annual Revenue (...) (End Date: Apr 17) (p1)
Mar 26(2.) Notice of Bank Merger Commonwealth Business Bank, Los Angeles, California, a California state-chartered commercial bank, intends to apply to the Federal Reserve Board for permission to merge with Ohana Pacific Bank, Honolulu, Hawaii, a Hawaii state-chartered commercial bank, and to establish branches at the locations of Ohana Pacific Bank, Honolulu, Hawaii. The Federal Reserve Board considers a number of factors in deciding whether to approve the application, including the record of performance of applicant banks in helping to meet local credit needs. You are invited to submit comments in writing on this application to the Federal Reserve Bank of San (...) (End Date: Apr 26) (p1)