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RI S2777
Bill
AI Summary
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Electric and gas distribution companies with over 100,000 customers would be capped at a 4% profit margin (return on equity) effective July 1, 2026
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"Profit margin" is defined as the return on equity portion of the base rate allowed by the Public Utilities Commission
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The Public Utilities Commission must amend its rules and regulations to implement the profit margin cap
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The bill amends existing revenue decoupling provisions that govern how utility revenues are separated from sales volumes
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Takes effect upon passage
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 Senate Commerce
3/4/2026