Shown verbatim: the complete text as captured from the official PDF posted by the Rhode Island General Assembly, fetched 2026-07-29. Page and line markers are part of the official record; nothing is edited or removed. The official bill page.
H7112 2026 -- H 7112 ======== LC003762 ======== STATE OF RHODE ISLAND IN GENERAL ASSEMBLY JANUARY SESSION, A.D. 2026 ____________ A N A C T RELATING TO PUBLIC UTILITIES AND CARRIERS - REGULATORY POWERS OF ADMINISTRATION Introduced By: Representatives J. Lombardi, Hull, Sanchez, Cruz, and Stewart Date Introduced: January 15, 2026 Referred To: House Corporations It is enacted by the General Assembly as follows: 1 SECTION 1. Chapter 39-3 of the General Laws entitled Regulatory Powers of 2 Administration is hereby amended by adding thereto the following section: 3 39-3-45. Electric rates tied to the consumer price index. 4 (a) Notwithstanding any provisions of the general laws to the contrary, any increase in rates 5 proposed to be charged by an electric distribution company as defined in chapter 1 of this title, shall 6 be no greater than five and one-half percent (5.5%) or the percentage increase in the Consumer 7 Price Index for all Urban Consumers (CPI-U) as published by the United States Department of 8 Labor Bureau of Labor Statistics determined as of September 30 of the prior calendar year, 9 whichever is greater, unless the increase shall have been previously approved by affirmative action 10 of the general assembly. 11 (b) The provisions of this section shall not apply to any electric distribution company 12 having fewer than seven thousand five hundred (7,500) electricity customer accounts. 13 SECTION 2. This act shall take effect upon passage. ======== LC003762 ======== EXPLANATION BY THE LEGISLATIVE COUNCIL OF A N A C T RELATING TO PUBLIC UTILITIES AND CARRIERS - REGULATORY POWERS OF ADMINISTRATION *** 1 This act would provide that any rate increase with respect to electric distribution companies 2 would be no greater than the increase in the Consumer Price Index or five and one-half percent 3 (5.5%), whichever is greater, unless there is approval of a higher rate by the general assembly. 4 This act would take effect upon passage. ======== LC003762 ======== LC003762 - Page 2 of 2
Every fact on this page links to its source, starting with the official bill record.