Rhode Island regulators approve rate hikes for PPL's Narragansett unit; reaffirms guidance

PPL Corp

RIPUC approves $44.1M electric and $93.7M gas annual revenue increases for Rhode Island Energy, effective Sep 1, 2026.
ROE set at 9.275% with 48% debt/52% equity; second rate year not approved.
Hold Harmless Commitment alternative: ~$170M total bill credits (up ~$11M) from Oct 2026-Sep 2027.
PPL reaffirms 2026 ongoing EPS forecast and long-term earnings growth targets.
RIE and parties retain right to appeal; final written order expected in coming weeks.

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