Rhode Island H7888 limits the profit margin of electric and gas distribution companies to 4% starting July 1, 2026.

Rhode Island H7888 amends the Public Utilities Commission laws to cap the profit margin of electric and gas distribution companies at 4% annually, effective July 1, 2026. The bill defines profit margin as the return on equity. Companies with over 100,000 customers must file annual infrastructure, safety, and reliability spending plans with the commission. The commission reviews and approves these plans if they align with safety and reliability goals. The bill also mandates energy-savings targets and requires companies to report on their performance in achieving these targets.

Rhode Island H7888 limits the profit margin of electric and gas distribution companies to 4% starting July 1, 2026.

Rhode Island H7888 amends the Public Utilities Commission laws to cap the profit margin of electric and gas distribution companies at 4% annually, effective July 1, 2026. The bill defines profit margin as the return on equity. Companies with over 100,000 customers must file annual infrastructure, safety, and reliability spending plans with the commission. The commission reviews and approves these plans if they align with safety and reliability goals. The bill also mandates energy-savings targets and requires companies to report on their performance in achieving these targets.