The Rhode Island Attorney General’s Office says state regulators should block the sale of the state’s largest electric distribution utility until the buyer assures that it can comply with the state’s ambitious new climate law.
PPL Corp. announced in March that it had agreed to acquire Narragansett Electric from its parent company, National Grid, for $5.3 billion. The Federal Energy Regulatory Commission approved the sale in September. PPL is now before the state Division of Public Utilities and Carriers seeking final approval.
