Rhode Island Gas Storage Service Agreement
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How to fill out Gas Storage Service Agreement?
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FAQ
The average ROE authorized for electric utilities was 9.71% for rate cases decided in the first quarter of 2023, up from the 9.54% average observed in full year 2022.
The ROE is set so that the return is sufficient to attract the capital needed for the utility to construct and maintain a safe and reliable system while not charging utility customers more than is necessary.
Rhode Island Energy is allowed to recoup a 9.275% return on investment, or ROE, on authorized capital costs. The discussion in the Ocean State comes as the Pennsylvania-based PPL Corp., RI Energy's parent, moves to execute a new business plan. RI Energy eyes $285M 5-year rate hike for $1B capex plan bizjournals.com ? news ? 2023/02/09 bizjournals.com ? news ? 2023/02/09
Rates across the regional New England electric grid are largely driven by the wholesale costs of natural gas, a primary fuel for power generation as well as heating. Market prices fall in the summer, when demand for gas ebbs and increase in the winter when residences and businesses need the fuel for heat.
Thus, the state allows National Grid to exclusively own all the electric and gas transmission and distribution infrastructure. And because the utility company is a monopoly, it's subject to state regulation and oversight. The Public Utilities Commission (PUC) approves rates and services on behalf of ratepayers.
