1/4/2024 0 Comments National grid riThe evidence in this record makes it abundantly clear that PPL’s ownership is consistent with the public interest and will not harm the general public." “As the hearing officer knows,” he said, “this is a no harm test. Costs that will directly impact the rates that the average citizens will have to pay to keep the lights on or to keep warm in the winter.”ĭuring Monday’s hearing, PPL attorney Gerald Petros argued that the deal is in line with the public interest. The transaction “stands to impact all facets of these systems: the reliability of gas and electric delivery to our homes, and the costs of the services. “This case is incredibly consequential,” said attorney Christy Heatherington, who is representing the Division of Public Utilities and Carriers’ Advocacy Section, which is charged with looking out for energy customers. The sale needs approval from Rhode Island’s Division of Public Utilities and Carriers, which is holding hearings on it this week. PPL would take on electric service for more than half a million Rhode Island customers and gas service for another 270,000 customers. Pennsylvania-based PPL Corporation is looking to buy the Narragansett Electric Company from National Grid for $5.3 billion. Consumer advocates are raising concerns about potential rate increases for electricity and gas customers, if a proposal to sell Rhode Island’s largest utility is approved.
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