Rhode Island Energy’s headquarters on Melrose Street in Providence. (Photo by Nancy Lavin/Rhode Island Current)
Facing scrutiny and potential rejection over proposed winter energy bill credits, Rhode Island Energy has pulled the plug on its $149 million discount plan, according to a letter sent Friday to state utility regulators.
But, the company will still have to come up with an alternative way to satisfy the rate relief requirements tied to the 2022 sale of the state gas and electric operations from National Grid to Rhode Island Energy’s parent company, PPL Corp…