Bill
Bill > H7112
RI H7112
RI H7112Provides that any rate increase with respect to electric distribution companies would be no greater than the increase in the Consumer Price Index or 5.5%, whichever is greater, unless there is approval of a higher rate by the general assembly
summary
Introduced
01/15/2026
01/15/2026
In Committee
01/15/2026
01/15/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
This act would provide that any rate increase with respect to electric distribution companies would be no greater than the increase in the Consumer Price Index or five and one-half percent (5.5%), whichever is greater, unless there is approval of a higher rate by the general assembly. This act would take effect upon passage.
AI Summary
This bill establishes a cap on rate increases for electric distribution companies, which are businesses that deliver electricity to homes and businesses. Specifically, any proposed rate increase cannot exceed the greater of a 5.5% increase or the percentage increase in the Consumer Price Index for all Urban Consumers (CPI-U), a measure of inflation published by the U.S. Department of Labor, calculated as of September 30th of the preceding year. This limitation applies unless the General Assembly, Rhode Island's state legislature, approves a higher rate increase through an affirmative vote. However, this cap does not apply to electric distribution companies with fewer than 7,500 customer accounts. The bill takes effect immediately upon its passage.
Committee Categories
Business and Industry
Sponsors (5)
Last Action
Introduced, referred to House Corporations (on 01/15/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://status.rilegislature.gov/ |
| BillText | https://webserver.rilegislature.gov/BillText26/HouseText26/H7112.pdf |
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