RI S2645

Electric distribution companies may own, operate, and construct generating facilities constructed or acquired after January 1, 2025, creating an exception to the existing prohibition on utility ownership of generation assets following restructuring

Electric distribution companies can procure last-resort power supply from their own generating facilities if owned pursuant to Chapter 39-20, in addition to purchasing from wholesale suppliers

The definition of "electric-generating facilities" is revised to apply to units owned or operated by non-regulated power producers or domestic utilities generating electricity on or after January 1, 2025, removing previous size thresholds of 500 MW minimum and 200 MW modification requirements

Domestic electric utilities may sell electricity through regional marketplaces operated by regional transmission organizations, adding a new authorized sales pathway

The act takes effect upon passage and amends sections 39-1-27, 39-1-27.3, 39-20-2, and 39-20-3 of Rhode Island General Laws