Rhode Island Energy wins $44.1 million electric, $93.7 million gas annual rate hikes in RIPUC decision
PPL•PPL reaffirms outlook
PPL reaffirmed its 2026 ongoing earnings-per-share outlook and long-term earnings growth targets.
RIPUC approves new base distribution rates
Rhode Island regulators set new base distribution rates for PPL’s Rhode Island Energy, authorizing $44.1 million electric revenue growth.
Gas rates allow $93.7 million in annual revenue growth; return on equity set at 9.28% with a 48/52 debt-to-equity structure.
New rates take effect Sept. 1, 2026; a final written order is expected in coming weeks, with appeal rights preserved.
Hold-harmless plan and customer bill credits
The hold-harmless plan was revised to about $170 million in customer bill credits, roughly $11 million more than proposed; credits run Oct. 2026-Sept. 2027.
