1st Quarter Investor Update
Received Regulatory Approval for $290 Million
of ISR Investments in Rhode Island
ppl
Approval of Infrastructure, Safety, and Reliability (ISR) plans covers spending from April 1, 2023 to March 31, 2024
➤ RIPUC approved ~$127 million of RIE's Electric ISR plan
Summary of RIE's FY2024 ISR Plan Approval
Includes capital investments to strengthen the state's electric
infrastructure and related operating costs for vegetation management,
system inspection and other work related to maintaining the safety
and reliability of the electric distribution system
(1)
ISR Plan
Plan
RIPUC
Proposal Approved Difference
RIPUC also approved ~$163 million of RIE's Gas ISR plan
Electric (2)
$181M
$127M
$54M
·
Reflects capital investments to continue to maintain a safe and
reliable gas delivery system, including the replacement of 60.5 miles
of leak-prone pipe.
Gas (3)
$171M
$163M
$8M
Investments not approved may be recoverable in future regulatory
proceedings
• Includes investments in electric grid modernization and an additional
9.5 miles of leak-prone gas pipe pending the outcome of other related
proceedings currently underway.
(1) Plan Proposal represents RIE's supplemental Electric and Gas ISR budgets filed in March 2023.
(2)
For the electric ISR plan, the RIPUC approved $112 million of capital investments and $15 million of operations and maintenance expenditures.
(3) For the gas ISR plan, the RIPUC approved $163 million of capital investments.
Total:
$352M
$290M
$62M
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