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Young Brothers official tells PUC WICCI would help ‘break the cycle’; urges external funding for ag discounts
Summary
Chris Nakagawa, Young Brothers’ lead for strategic initiatives and regulatory affairs, told the PUC that a water‑carrier inflation index recommended in an SR‑125 working group could help the company reach a more sustainable financial footing and reduce emergency rate requests.
Chris Nakagawa, the Young Brothers witness who identified himself as lead for strategic initiatives and regulatory affairs, told the Public Utilities Commission that a recommendation from the SR‑125 water‑carrier working group — the creation of a water‑carrier inflation/cost index (WICCI) — would be a useful mechanism to reduce the company’s need to seek emergency temporary rates and to “break the cycle” of recurring financial distress.
Nakagawa also said Young Brothers views many gratis and employee‑shipment discounts as “below the line” items that are not recovered through tariffed regulated revenues and that agricultural discounts have been internally subsidized by other ratepayers; he told commissioners the working group recommended that those subsidies instead be funded externally.
Why this matters: Whether tariff discounts for agricultural products and other gratis handling are subsidized by regulated ratepayers or funded through external sources…
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