Establishes thermal energy networks network infrastructure by any public utility company that provides electric/natural gas distribution to maximize cost-effective investments deemed in the public interest by the public utilities commission (PUC).
Provides that the renewable energy fund remains in existence until December 31, 2033, to align with the mandate that 100% of Rhode Island's electricity demand is from renewable energy and also complies with federal grant requirements.
Provides that the renewable energy fund remains in existence until December 31, 2033, to align with the mandate that 100% of Rhode Island's electricity demand is from renewable energy and also complies with federal grant requirements.
Effective July 1, 2025, provides that, the profit margin of any electric distribution company or gas distribution company, would not exceed 4%, in any calendar year and defines a "profit margin" as the return on equity that is allowed by the commission.
Impose requirements and actions that certain electric distribution and gas distribution companies must meet prior to implementing rate changes.
Impose requirements and actions that certain electric distribution and gas distribution companies must meet prior to implementing rate changes.
Provides that effective July 1, 2025, the profit margin of any electric distribution company gas distribution company, would not exceed four percent (4%), in any given calendar year.
Prohibits utility companies from limiting the eligibility of a net metering site based on prior consumption and requires excess energy not consumed under the net metering system to be credited to the consumer.
Removes the requirement that the public utilities commission allocate five million dollars ($5,000,000) annually to the Rhode Island infrastructure bank for use with energy efficient programs.
Removes the requirement that the public utilities commission allocate five million dollars ($5,000,000) annually to the Rhode Island infrastructure bank for use with energy efficient programs.