National Grid asks for $26 million less in Rhode Island rate hikes

Any rate hike must be approved by the commission

Content Dam Elp Gallery En Articles Slideshow 2016 09 Which States Are Leading The Way On Energy Efficiency Rhode Island Providence Energy Efficiency Elp

PROVIDENCE, R.I. (AP) — National Grid is asking for $26 million less in rate hikes after factoring in savings from the new federal tax law.

The utility had previously asked for a $71 million hike in gas and electric rates for its Rhode Island customers. The state Public Utilities Commission asked the company to recalculate how much of an increase it needs given that the new law cut corporate taxes.

National Grid said on Thursday that its new proposal took into account $19 million in tax savings, along with other adjustments.

It is asking for a rate hike of $45 million in total, $27 million for electric and $18 million for gas.

Any rate hike must be approved by the commission.

More in Home