NEW SHOREHAM -- Electric rates for Block Island residents will be reduced by 10 percent under rate filings submitted to the state Public Utilities Commission by Block Island Power Co.
Electricity customers on the island will save a total of more than $200,000 because of this rare rate reduction, officials said, and a second rate reduction of more than $60,000 will be implemented in April 2001.
Jerome Edwards, president of Block Island Power, credits town officials and government agencies and a low interest loan from the Rural Utilities Service, with making the reductions possible.
Applications are now being accepted for the 14th Annual Business Excellence Awards Program. Deadline to apply is October 1st. And save the date for the Awards Dinner - November 12th at the Providence Marriott.
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.