Triple A Northeast says Rhode Islanders haven’t changed their driving habits significantly because of the recent surge in gas prices. If that continues, it could mean good news for the approaching summer tourism season.
Business
Posted inArticle, Business, Environment, Politics
Governor announces bill to procure enough offshore wind contracts to power half of R.I.
Rhode Island Governor Dan McKee unveiled legislation today that would more than double the amount of power the state has agreed to purchase from offshore wind farms being developed off the southern coast of Martha’s Vineyard. If passed by the state legislature, the bill would require Rhode Island’s utility providers to buy another 600 megawatts […]
Posted inArticle, Business
Rhode Island economy not expected to benefit from increase in defense spending
Military manufacturing experts say the war in Ukraine will not likely have a significant impact on defense production in Rhode Island.
Posted inArticle, Business
‘Let’s hope that we’re ready’: URI economist says Rhode Island should be able to withstand the economic impact of Russia’s invasion of Ukraine
The effects of the Russian invasion of Ukraine are being felt across the global economy, including right here in Rhode Island. URI economist and author of the Rhode Island current conditions index Len Lardaro says the impact has been especially hard on families, small businesses and the state’s manufacturing sector. But despite the challenges, Lardaro thinks the state’s $1.1 billion share of federal pandemic relief money will help stimulate overall growth in 2022. Reporter Joe Tasca spoke with Lardaro about Rhode Island’s economic outlook.
Posted inArticle, Business
Massachusetts court puts sale of Narragansett Electric on hold
The proposed sale of Narragansett Electric is on hold, after the Massachusetts Supreme Judicial Court put a stay on the deal. National Grid currently owns the utility, which provides electrical service to nearly all Rhode Island customers, and gas to much of the state. National Grid has been seeking to sell Narragansett Electric to Pennsylvania-based […]
Posted inArticle, Business, Health
Q&A: Dr. James Fanale on what’s next for Care New England
What’s next for Care New England, one of Rhode Island’s two largest hospital groups, following the recent rejection by the FTC and Attorney General Peter Neronha of a proposed merger with Lifespan? That’s the topic of this Q&A with Dr. James Fanale, president and CEO of Care New England, which includes Kent Hospital in Warwick […]
Posted inArticle, Business
R.I. Attorney General asks courts to halt sale of Narragansett Electric
Rhode Island Attorney General Peter Neronha is asking the state Superior Court to review the sale of Rhode Island’s largest utility company. And he’s asking for an immediate stay on the transaction to prevent “extensive and irreparable harm” to energy customers. Earlier this week, regulators approved the transfer of Narragansett Electric, the utility that provides […]
Posted inArticle, Business
Regulators approve sale of R.I.’s largest electric and gas utility
Rhode Island regulators will allow the sale of the state’s largest gas and electric utility to move forward.
Posted inArticle, Business, Health, Politics
PA company bids for Care New England; merger application withdrawn
In a sign of ongoing flux in Rhode Island’s hospital landscape, a Pennsylvania company has made its second offer in two years for Care New England, the state’s second-largest hospital group. The offer comes less than a week after Attorney General Peter Neronha rejected a merger between CNE and Lifespan, saying it would usher in […]
Posted inArticle, Business
Despite pandemic challenges, Rhode Island’s brewery industry continues to grow
Since 2014, the number of breweries in Rhode Island has nearly doubled. 11 of the state’s 38 breweries have opened in the past two years alone. Despite the economic challenges posed by COVID-19, none of them have been forced to close. “The fact that we haven’t lost any is kind of remarkable, but only because […]
