ALLENTOWN, Pa., April 2, 2024 /PRNewswire/ -- PPL Corporation (NYSE: PPL) subsidiary Rhode Island Energy (RIE) on Thursday (3/28) received unanimous approval from the Rhode Island Public Utilities Commission (RIPUC) for approximately $326 million in planned spending from April 1, 2024, to March 31, 2025, to improve the safety and reliability of Rhode Island's electric and gas networks.
The planned spending, connected to RIE's annual electric and gas Infrastructure, Safety and Reliability (ISR) plans, addresses approximately $300 million in capital investments ($132 million for electric and $168 million for gas) and $26 million in operating costs for vegetation management, restoration paving on gas main replacement projects, system inspections and other work.
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