Bill
Bill > H7888
RI H7888
RI H7888Provides that effective July 1, 2026, the profit margin of any electric distribution company or distributor of natural gas, would not exceed four percent (4%), in any given calendar year.
summary
Introduced
02/27/2026
02/27/2026
In Committee
02/27/2026
02/27/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
This act would provide that effective July 1, 2026, the profit margin of any electric distribution company or distributor of natural gas, would not exceed four percent (4%), in any given calendar year. This act would further define a “profit margin” as the return on equity, which would be the return on the equity portion of the base rate, that is allowed by the commission. This act would take effect upon passage.
AI Summary
This bill, effective July 1, 2026, will cap the profit margin for any electric distribution company or natural gas distributor at four percent (4%) annually, with "profit margin" specifically defined as the return on equity, which is the profit earned on the equity portion of the base rate allowed by the commission.
Committee Categories
Business and Industry
Sponsors (10)
Megan Cotter (D)*,
Julie Casimiro (D),
Cherie Cruz (D),
Arthur Handy (D),
Katie Kazarian (D),
Michelle McGaw (D),
David Morales (D),
Brandon Potter (D),
Jennifer Stewart (D),
Teresa Tanzi (D),
Last Action
House Corporations Hearing (00:00:00 4/7/2026 ) (on 04/07/2026)
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/H7888.pdf |
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