Rhode Island S2777 limits the profit margin of electric and gas distribution companies to 4% starting July 1, 2026.

Rhode Island S2777 sets a cap on the profit margin for electric and gas distribution companies, limiting it to 4% annually starting July 1, 2026. The bill defines profit margin as the return on equity. The Public Utilities Commission will review and approve spending plans for infrastructure, safety, and reliability. Companies must report on energy efficiency, service quality, and customer education programs. The bill aims to increase efficiency, reduce demand, and ensure safe and reliable service.

Rhode Island S2777 limits the profit margin of electric and gas distribution companies to 4% starting July 1, 2026.

Rhode Island S2777 sets a cap on the profit margin for electric and gas distribution companies, limiting it to 4% annually starting July 1, 2026. The bill defines profit margin as the return on equity. The Public Utilities Commission will review and approve spending plans for infrastructure, safety, and reliability. Companies must report on energy efficiency, service quality, and customer education programs. The bill aims to increase efficiency, reduce demand, and ensure safe and reliable service.