How much additional revenue is Rhode Island Energy seeking?

The company seeks $180.7 million of additional operating revenue for electric and gas combined in the first year of the proposed two-year rate plan, and $49.4 million in the second year.

When would the new rates take effect and when is a decision expected?

If approved, new base distribution rates would go into effect September 1, 2026. The company anticipates a PUC ruling during the third quarter of 2026.

What return on equity is the company requesting?

The company requests an authorized return-on-equity of 10.75%, based on a historical test year of September 1, 2024 through August 31, 2025.

How would the increase affect typical residential customers?

The press release estimates a $7.78 per month increase (4.83%) for a typical residential electric customer using 500 kWh per month, and a $343.53 per year increase (20.60%) for a typical residential gas heating customer using 845 therms per year. Exact impacts will depend on the final approved rates and individual usage.

Why is the company requesting the rate increase?

The press release states that costs have risen significantly due to inflation, supply chain challenges, and evolving regulatory requirements since the company's last rate review in 2017. The proposal is intended to fund system reliability investments, customer experience enhancements, and affordability measures.

PPL/PPLC 8-K: Regulation FD

01—Abstract

Summary

Summary of the 8-K filed November 26, 2025. Cited figures are marked; the original filing is the authoritative source.

Rhode Island Energy, a subsidiary of PPL Corporation, filed a request with the Rhode Island Public Utilities Commission (PUC) for an increase in electric and natural gas base distribution rates, with new rates expected to take effect September 1, 2026.

The company seeks a two-year rate plan. In the first year, proposed base distribution rates for electric and gas combined are designed to collect additional operating revenue of $180.7 million^a. In the second year, the proposed increase is designed to collect an additional $49.4 million.

The application uses a historical test year of September 1, 2024 through August 31, 2025 and requests an authorized return-on-equity of 10.75%^b. The filing states that the company cannot predict the outcome of the proceeding and anticipates a PUC ruling during the third quarter of 2026. The proceeding is designated as Docket No. 25-45-GE.

The accompanying press release says the filing is the company's first comprehensive rate review since 2017 and attributes the request to higher costs from inflation, supply chain challenges, and evolving regulatory requirements. It cites proposed investments in gas pipe replacements, electric grid modernization, a new billing system, and a redesigned low-income discount rate.

For the typical residential customer, the press release estimates a $7.78^c per month increase (4.83%) for an electric customer using 500 kWh per month, and a $343.53 per year increase (20.60%) for a gas heating customer using 845 therms per year. The filing is a Regulation FD disclosure, so it does not report any financial results for PPL, and the impact on the company's earnings is not addressed in the document.

02—Key points

Key Highlights

Rhode Island Energy, a PPL Corporation subsidiary, filed a request with the Rhode Island PUC for electric and natural gas base distribution rate increases, effective September 1, 2026 if approved.
Proposed two-year rate plan: $180.7 million of additional operating revenue in year one and $49.4 million in year two, for electric and gas combined.
Requested authorized return-on-equity of 10.75%, based on a historical test year of September 1, 2024 through August 31, 2025.
The company anticipates a PUC ruling in the third quarter of 2026; the outcome cannot be predicted by the company.
The filing is the company's first comprehensive rate review since 2017, citing inflation, supply chain challenges, and evolving regulatory requirements.
Estimated impact on a typical residential electric customer using 500 kWh per month is $7.78 per month (4.83%); for a gas heating customer using 845 therms per year, $343.53 per year (20.60%).
The proceeding is designated as Docket No. 25-45-GE, and the filing is furnished as a Regulation FD disclosure with a press release as Exhibit 99.1.

03—Questions

Frequently Asked Questions

How much additional revenue is Rhode Island Energy seeking?
The company seeks $180.7 million of additional operating revenue for electric and gas combined in the first year of the proposed two-year rate plan, and $49.4 million in the second year.
When would the new rates take effect and when is a decision expected?
If approved, new base distribution rates would go into effect September 1, 2026. The company anticipates a PUC ruling during the third quarter of 2026.
What return on equity is the company requesting?
The company requests an authorized return-on-equity of 10.75%, based on a historical test year of September 1, 2024 through August 31, 2025.
How would the increase affect typical residential customers?
The press release estimates a $7.78 per month increase (4.83%) for a typical residential electric customer using 500 kWh per month, and a $343.53 per year increase (20.60%) for a typical residential gas heating customer using 845 therms per year. Exact impacts will depend on the final approved rates and individual usage.
Why is the company requesting the rate increase?
The press release states that costs have risen significantly due to inflation, supply chain challenges, and evolving regulatory requirements since the company's last rate review in 2017. The proposal is intended to fund system reliability investments, customer experience enhancements, and affordability measures.

04—Continue

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