The latest: During Q3 2026, utilities asked for $4.5B in electric and gas rate hikes. The 2026 tally so far: over $23B, according to a report from PowerLines. There’s likely more where that came from—IOUs are planning over $1.4T in capex spending through 2030.
A closer look: The biggest requests came from utilities down South, as was the case in Q2. The largest individual ask? Jersey Central Power & Light sought out a $700M bump, which could raise customers’ bills by roughly $170/year.
Wed, Oct 7
Molly Glick
Energy Central Team
NEWS: It was (another) record quarter for rate increase requests. 📈
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