PPL Corporation
Rhode Island Energy Seeks Rate Increase Approval
Summary
Rhode Island Energy, a subsidiary of PPL Corporation, has filed a request with the Rhode Island Public Utilities Commission for an increase in electric and natural gas base distribution rates to align with operational costs and support infrastructure upgrades. If approved, the new rates, expected to take effect on September 1, 2026, would collect additional operating revenue of $180.7 million in the first year and $49.4 million in the second year. The application is based on the historical test year of September 1, 2024, through August 31, 2025, with a requested authorized return-on-equity of 10.75%. The company anticipates a ruling from the PUC during the third quarter of 2026.
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About PPL Corporation
PPL Corporation is a prominent utility holding company with a primary focus on delivering electricity and natural gas services to a wide range of customers. Headquartered in Allentown, Pennsylvania, PPL Corporation operates through several subsidiaries, providing electricity to millions of residential, commercial, and industrial customers in the United States. The corporation's extensive network includes power generation facilities as well as transmission and distribution systems. PPL is actively involved in the energy sector, influencing both regional and national markets. It strives to maintain reliability and sustainability in its energy supply, with an increasing emphasis on incorporating renewable energy sources and improving grid resilience. The company's operations contribute significantly to the utility industry, impacting economic growth and energy security. Moreover, PPL Corporation plays a vital role in the energy market by investing in innovative technologies and infrastructure development aimed at enhancing energy efficiency and performance. Through strategic planning and a commitment to customer satisfaction, PPL Corporations continues to be a leading participant in the ever-evolving utilities landscape.
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