R.I. wants 75% cut to National Grid proposed rate hike

THE R.I. DIVISION OF PUBLIC UTILITIES AND CARRIERS has asked National Grid Rhode Island to pare its proposed rate increase by 75.2 percent. / BLOOMBERG FILE PHOTO/STEVE HOCKSTEIN
THE R.I. DIVISION OF PUBLIC UTILITIES AND CARRIERS has asked National Grid Rhode Island to pare its proposed rate increase by 75.2 percent. / BLOOMBERG FILE PHOTO/STEVE HOCKSTEIN
PROVIDENCE – State regulators have proposed cutting a $45.8 million annual increase to National Grid Rhode Island gas and electricity rates by 75.2 percent. The R.I. Division of Public Utilities and Carriers on Monday filed documents recommending ratepayers pay $11.3 million more each year toward “base distribution rates,” known better as delivery costs. The amount…

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