AN ACT RELATING TO PUBLIC UTILITIES AND CARRIERS -- PUBLIC UTILITIES COMMISSION -- 2025 UTILITY COMPANY BILLING TRANSPARENCY ACT

SB 385 requires large electric and gas utility companies (with over 100,000 customers) in Rhode Island to provide clearer explanations of bill charges before changing rates. It mandates that companies file detailed plans with the Public Utilities Commission showing how they will manage revenue from rate changes, including annual reconciliation of over- or under-recovered funds. The bill also requires annual infrastructure and safety spending plans, with approval needed for investments in grid reliability and energy efficiency. These changes aim to make billing more transparent for residential customers and ensure rate decisions align with system reliability goals. The law directly affects major utility providers like Rhode Island Energy and sets new requirements for how they structure billing and rate proposals.