Governor Raimondo asked the PUC, the Rhode Island Office of Energy Resources and the Rhode Island Division of Public Utilities and Carriers to establish a new regulatory framework that will enable the state and its utilities to advance a cleaner, more affordable and reliable energy system for the 21 st century. The PST Plan was developed at the direction of Rhode Island Governor Gina Raimondo. Performance Based Incentives: National Grid will implement seven incentive mechanisms to advance state policy goals and drive benefits for Rhode Island customers.Energy Storage Program: Includes behind the meter and facing energy storage projects.Electric Transportation Program: Includes: (i) Off-Peak Charging 6 Rebate Pilot (ii) Charging Station Demonstration Program (iii) Discount Pilot for 7 Direct Current Fast Charging (DCFC) Station Accounts (iv) fleet advisory 8 services and (v) Electric Transportation Initiative Evaluation.Foundational Grid Modernization Investments and Grid Modernization Plan: In addition to strategic grid investments to improve reliability and resiliency, National Grid will engage with stakeholders via the PST Advisory Group to develop a comprehensive Grid Modernization Plan.The settlement provides for the following PST initiatives: This suite of foundational investments will kickstart an initial ramp up of efforts towards meeting Rhode Island policy objectives of (1) grid resiliency, (2) grid efficiency, and (3) distributed energy resource (“DER”) integration. The Rhode Island PUC approved several Power Sector Transformation, Vision and Implementation Plan (“PST Plan”) initiatives proposed by National Grid. ![]() On August 24, 2018, the Rhode Island Public Utilities Commission (“PUC”) adopted an amended settlement in the Narragansett Electric Company (“National Grid”) rate case. The approved plan provides for an annual step increase over three years resulting in a cumulative $28.9 million rate increase for electric operations and a cumulative $17.4 million rate increase for gas operations.
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