HRS §269-25
When the commission can value utility property
The public utilities commission can order a valuation of a utility's property, either on its own or if a utility asks. It can also revalue property and check the value of new additions or improvements. This helps the commission make decisions under this chapter.
The statute, as written — Valuations
The public utilities commission may either upon its own motion or upon application by any utility for any order where the commission deems it advisable and to the best interest of the public and the utility cause a valuation to be made to ascertain for any purpose specified in this chapter the value of the property of any public utility and every fact and element of value which in its judgment may or does have any bearing on such value. The commission may make revaluations and ascertain the value of all additions, betterments, extensions, and acquisitions of property of any public utility.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.