Rhode Island Energy and its UWUA-BUW locals reach agreement on new five-year contracts

Rhea-AI Summary

Rhode Island Energy, a subsidiary of PPL , has reached new five-year contracts with the Utility Workers Union of America (UWUA) and Brotherhood of Utility Workers (BUW) for 526 employees. The agreements include 3% annual wage increases and aim to provide safe, reliable, sustainable, and affordable energy services to Rhode Island customers.

Positive

• New five-year contracts signed with UWUA and BUW locals

• Agreements include 3% annual wage increases for employees

• Focus on providing safe, reliable, sustainable, and affordable energy services

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• None.

PROVIDENCE, R.I., May 10, 2024 /PRNewswire/ -- Rhode Island Energy, a subsidiary of PPL Corporation (NYSE: PPL), has announced it reached an agreement on new five-year contracts with the Utility Workers Union of America (UWUA), AFL-CIO, Locals 310 and 310B, and Brotherhood of Utility Workers (BUW), which currently represent 526 employees.

"We value each of our employees and their dedication to serving our customers and are proud of the positive partnership between our unions and company leadership. These contracts are the result of our ongoing collaborative efforts," said Greg Cornett, president of Rhode Island Energy. "I am pleased that company and union leaders worked together to reach an agreement. We look forward to continuing our shared commitment to provide safe, reliable, sustainable and affordable energy to our customers and communities across Rhode Island."

The agreements, which extend existing contracts and will now be in effect from May 12, 2024, through May 11, 2029, both include 3% annual wage increases each year of the contracts for all employees represented by Locals 310 and 310B.

About Rhode Island Energy
Rhode Island Energy provides essential energy services to over 770,000 customers across Rhode Island through the delivery of electricity or natural gas. Our team of 1,300 employees is dedicated to helping Rhode Island customers and communities thrive, while supporting the transition to a cleaner energy future. Rhode Island Energy is part of the PPL Corporation (NYSE: PPL) family of companies addressing energy challenges head-on by building smarter, more resilient, and more dynamic power grids and advancing sustainable energy solutions. For more information visit www.RIEnergy.com and stay connected on Twitter, Facebook, and Instagram.

Note to Editors: Visit our media website at www.pplnewsroom.com for additional news about Rhode Island Energy and PPL Corporation.

Media Contact: Evelyn Garcia, egarcia@pplweb.com, 401.799.7000

View original content:https://www.prnewswire.com/news-releases/rhode-island-energy-and-its-uwua-buw-locals-reach-agreement-on-new-five-year-contracts-302142511.html

SOURCE PPL Corporation

FAQ

What is the duration of the new contracts?

The new contracts are in effect from May 12, 2024, through May 11, 2029.

How many employees are represented by Locals 310 and 310B?

Locals 310 and 310B represent 526 employees.

What company is Rhode Island Energy a subsidiary of?

Rhode Island Energy is a subsidiary of PPL

What is the stock symbol of PPL ?

The stock symbol of PPL is PPL.