The company said its subsidiary Rhode Island Energy filed with the Rhode Island Public Utilities Commission (PUC) for an increase in electric and natural gas base distribution rates, which it expects to take effect on September 1, 2026. The application is for a 2-year rate plan.

1. 01

   The company said its subsidiary Rhode Island Energy filed with the Rhode Island Public Utilities Commission (PUC) for an increase in electric and natural gas base distribution rates, which it expects to take effect on September 1, 2026. The application is for a 2-year rate plan.

2. 02

   The company said the combined electric and gas base distribution rates are designed to collect additional operating revenue of $180.7 million in the first year of the rate plan and $49.4 million in the second year.

3. 03

   The company said the application is based on a historical test year of September 1, 2024 through August 31, 2025 and a requested authorized return-on-equity of 10.75%. It said it cannot predict the outcome of the proceeding and expects a ruling from the PUC in Q3 2026.

4. 04

   The company estimated that, if approved, a typical residential electric customer using 500 kWh per month would see an impact of $7.78 per month (4.83%), and a typical residential gas heating customer using 845 therms per year would see an impact of $343.53 per year (20.60%).

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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