Rhode Island Commission Approves Rhode Island Energy Rate Increases
On August 21, 2026, the Rhode Island Public Utilities Commission approved modified base electric and gas distribution rate increases for Rhode Island Energy. The decision authorizes annual revenue hikes of $44.1 million for electric and $93.7 million for gas, sets a 9.275% allowed return on equity with a 48/52 debt-to-equity structure, adds performance metrics, updates expense recovery and accounting, and requires a new tariff for extra-large electric loads by year-end 2026, with potential for a second rate year.