Rhoide Island energy costs rise

Governor Dan McKee declared a state of emergency over rising energy prices and signed an executive order allocating $28 million from the state's gas cap-and-trade program to help Rhode Island Energy customers with winter electricity bills. He criticized environmental groups, lawmakers, and regulators for opposing his energy affordability plans, which aimed to reduce energy costs and promote renewable energy, but were largely dismantled by the legislature. The governor urged a special session to reinstate these measures, while energy costs are expected to increase due to market conditions and infrastructure expenses, with proposed electric rates predicted to rise significantly. Thousands of residents face shutoffs and record-high bills, highlighting ongoing energy affordability challenges.

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