PUC Annual ReportâFiscal Year 2011-12 - Public Utilities Commission
PUC Annual ReportâFiscal Year 2011-12 - Public Utilities Commission
PUC Annual ReportâFiscal Year 2011-12 - Public Utilities Commission
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<strong>Public</strong> <strong>Utilities</strong> <strong>Commission</strong> <strong>Annual</strong> Report <strong>2011</strong>-<strong>12</strong><br />
State of Hawaii Page 66<br />
Figure 13c. MECO rate of return<br />
10.0%<br />
9.0%<br />
8.0%<br />
7.0%<br />
6.0%<br />
5.0%<br />
4.0%<br />
3.0%<br />
2.0%<br />
1.0%<br />
0.0%<br />
Jun '08 Jun '09 Jun '10 Jun '11 Jun '<strong>12</strong><br />
Authorized ROR 8.67% 8.67% 8.67% 8.43% 7.91%<br />
Ratemaking ROR 7.01% 5.21% 4.81% 6.52% 5.84%<br />
Figure 13d. KIUC TIER<br />
Times Interest Earned Ratio<br />
3<br />
2.5<br />
2<br />
1.5<br />
1<br />
0.5<br />
0<br />
Jun '08 Jun '09 Jun '10 Jun '11 Jun '<strong>12</strong><br />
Authorized TIER 2.27 2.27<br />
TIER 2.52 1.2 1.92 2.46 1.99<br />
Figure 13e. The Gas Company rate of return<br />
10.0%<br />
9.0%<br />
8.0%<br />
7.0%<br />
6.0%<br />
5.0%<br />
4.0%<br />
3.0%<br />
2.0%<br />
1.0%<br />
0.0%<br />
Jun '08 Jun '09 Jun '10 Jun '11 Jun '<strong>12</strong><br />
Authorized ROR 9.16% 9.16% 8.00% 8.00% 8.00%<br />
Ratemaking ROR 4.80% 4.50% 7.40% 9.20% 6.30%
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