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Rhode Island energy utilities

company 1 Deal 3 Partners

Rhode Island Energy is a regulated electric and natural gas utility serving over 770,000 customers across Rhode Island. A subsidiary of PPL Corporation, it focuses on reliable energy delivery, grid modernization, and integrating clean energy resources like offshore wind.

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Founded 2022 1,000 employees Parent: PPL Corporation
UtilityOperatorOfftaker

Strategic Overview

  • Committed to investing in grid modernization and reliability to enhance service for customers.
  • Actively supporting Rhode Island's clean energy transition goals, particularly through the integration of offshore wind and other renewable resources.
  • Focus on customer experience, affordability, and community engagement within its service territory.

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Investment Focus

Technologies
Offshore Wind1
Geography
United States1

Key People

Dave Bonenberger
President
Gregory Penfield
Vice President, Gas Operations
Lisa Pugliese
Vice President, Customer Experience
Tricia K. Shea
Vice President, Electric Operations
Michael J. DeLuca
Vice President, Regulatory and Government Affairs

Track Record

3
Deals Completed
2
Years Active
Notable projects: Grid Modernization Plan, Revolution Wind PPA

Detailed Analysis

Technologies
Electricity GridNatural Gas DistributionOffshore Wind (1 deal)Battery Storage (1 deal)Solar PV
Sectors
UtilitiesEnergy Transition
Geographies
USA (3 deals)
Deal Stage
OperatingBrownfield

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