AGP Executive Report
Last update: 10 hours agoUtility Regulation: Rhode Island Energy is asking the Public Utilities Commission to lift its profit margin (Return on Equity) to 10.75% in a roughly $230M, two-year rate increase—while AG Peter Neronha urges regulators to reject it; the PUC decision is due Sept. 1. Banking Deal: Santander received Federal Reserve approval to acquire Webster Financial, clearing a key hurdle; the deal is expected to close Aug. 20. Local Surveillance Policy: Foster tabled a vote to remove its Flock Safety license-plate reader cameras after residents questioned where data goes; the town says it deletes images after seven days unless tied to an investigation. Workforce Training: Rhode Island is accepting applications from eligible training providers for the new federal Workforce Pell Grant program, expanding aid for short-term workforce training. Consumer/Legal Watch: Amazon reinstated binding arbitration and a class-action waiver effective Aug. 14, while Rhode Island shoppers can still use small claims court up to the $5,000 cap. Business & Finance: Reuters reports institutional investors slightly pulled back from some tech-heavy segments in Q2 based on SEC 13F filings.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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