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RI H7112
Bill
Status
1/15/2026
Primary Sponsor
John Lombardi
Click for details
AI Summary
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Electric distribution company rate increases would be capped at 5.5% or the Consumer Price Index for all Urban Consumers (CPI-U) as of September 30 of the prior year, whichever is greater
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Rate increases exceeding the cap would require prior approval through affirmative action by the Rhode Island General Assembly
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Electric distribution companies with fewer than 7,500 customer accounts are exempt from these rate cap provisions
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Amends Chapter 39-3 of the General Laws (Regulatory Powers of Administration) by adding new section 39-3-45
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Takes effect immediately upon passage
Legislative Description
Provides that any rate increase with respect to electric distribution companies would be no greater than the increase in the Consumer Price Index or 5.5%, whichever is greater, unless there is approval of a higher rate by the general assembly
Public Utilities And Carriers
Last Action
Introduced, referred to House Corporations
1/15/2026