Rhode Islanders deserve better than corporate double-talk. While RI Energy insists that cutting profit margins will “hurt investment,” the reality is that our communities are paying the price for bloated executive bonuses and misplaced priorities. Our hard-working neighbors deserve a utility that reinvests in local infrastructure and cuts energy bills—not one that buries profit at the expense of our families. It’s time we stand up for the people of RI and demand accountability over empty promises. My bill would cap electric and gas utilities’ profits. Rhode Islanders are being pushed to the breaking point by sky-high utility rates. We faced a 47% electric rate hike in October 2022. With electricity costing an average of 27.57 cents per kilowatt-hour— 61% higher than the national average —many families are paying over $130 a month just to keep the lights on. Meanwhile, the CEO of RI Energy received a 31% raise that year, taking home $11.97 million.