Rhode Island Energy wins $44.1 million electric, $93.7 million gas annual rate hikes in RIPUC decision

Reuters2026/08/27 20:13

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Rhode Island regulators set new base distribution rates for PPL’s Rhode Island Energy, authorizing $44.1 million electric revenue growth.
Gas rates allow $93.7 million in annual revenue growth; return on equity set at 9.28% with a 48/52 debt-to-equity structure.
New rates take effect Sept. 1, 2026; a final written order is expected in coming weeks, with appeal rights preserved.
Hold-harmless plan revised to about $170 million in customer bill credits, roughly $11 million more than proposed; credits run Oct. 2026-Sept. 2027.
PPL reaffirmed its 2026 ongoing earnings-per-share outlook and long-term earnings growth targets.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PPL Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000922224-26-000048), on August 27, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Rhode Island Energy wins $44.1 million electric, $93.7 million gas annual rate hikes in RIPUC decision

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