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RI H7888
Bill
Status
2/27/2026
Primary Sponsor
Megan Cotter
Click for details
AI Summary
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Caps the return on equity (profit margin) for electric and gas distribution companies with more than 100,000 customers at 4% per calendar year, effective July 1, 2026
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Defines "profit margin" as the return on equity allowed by the Public Utilities Commission on the equity portion of the base rate
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Requires the Public Utilities Commission to amend its rules and regulations to implement the profit margin cap
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Applies to electric distribution companies and natural gas distributors operating in Rhode Island
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Takes effect upon passage of the legislation
Legislative Description
Provides that effective July 1, 2026, the profit margin of any electric distribution company or distributor of natural gas, would not exceed four percent (4%), in any given calendar year.
Public Utilities And Carriers
Last Action
Introduced, referred to House Corporations
2/27/2026