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The Rhode Island Public Utilities Commission approved rate increases for The Narragansett Electric Company d/b/a Rhode…
PPLCUPPL Corp
The Rhode Island Public Utilities Commission approved rate increases for The Narragansett Electric Company d/b/a Rhode Island Energy, authorizing annual revenue hikes of $44.1 million for electric and $93.7 million for gas with a 9.275% return on equity. The commission also resolved the Hold Harmless Commitment related to PPL's May 2022 acquisition by approving an alternative proposal that increases customer bill credits by approximately $11 million, bringing total credits to roughly $170 million. These changes are effective September 1, 2026, and PPL reaffirmed its 2026 earnings per share forecast. PPL Corporation operates in the regulated electric and gas utility industry.