The bill amends Section 39-1-27.7.1 of the General Laws concerning the Public Utilities Commission, specifically addressing revenue decoupling for electric distribution companies and gas distribution companies. Effective July 1, 2026, the profit margin of any electric distribution company or gas distribution company shall not exceed four percent (4%) in any given calendar year. This profit margin is defined as the return on equity, which refers to the return on the equity portion of the base rate allowed by the commission.

The public utilities commission is required to amend its rules and regulations as needed to be consistent with the provisions of this chapter. The bill also outlines the commission's responsibilities, including maintaining service quality standards. Additionally, it mandates reporting requirements for electric distribution companies to assess the impact of decoupling on revenue stabilization and performance against established targets.

Statutes affected:
2777: 39-1-27.7.1