logo
R.I. Senate confirms Karen Bradbury to open spot on PUC

R.I. Senate confirms Karen Bradbury to open spot on PUC

Yahoo27-05-2025

Karen Bradbury and her husband Patrick Crowley smile after the Rhode Island Senate vote on Tuesday, May 27, confirming Bradbury's appointment to the Rhode Island Public Utilities Commission. (Screenshot/Capitol TV)
Rhode Island's three-pronged state utility panel is back to full power, with the Rhode Island Senate unanimously voting to confirm Karen Bradbury to the open seat on the Rhode Island Public Utilities Commission.
The chamber's 30-0 vote Tuesday fills the vacancy left by former commissioner John Revens, who resigned in December, midway through his six-year term. Supporters of Bradbury touted her experience in state and federal government and renewable energy as qualifications for her appointment. Bradbury most recently served as program administrator for Rhode Island's Office of Energy Resources, overseeing the rollout of federally funded tax credits and incentives to help homeowners and small business owners pay for high-efficiency electric heat pumps, among other renewable energy programs. Much of her 20-year policy career was spent working under U.S. Sen. Sheldon Whitehouse, where she left as projects director in December 2022.
'She is committed to finding solutions that provide Rhode Islanders with clean and affordable energy,' Sen. Robert Britto, an East Providence Democrat, chairman of the Senate Committee on Commerce, said of Bradbury. 'Her track record makes her an excellent selection to serve on the PUC.'
Sen. V. Susan Sosnowski, a South Kingstown Democrat, also gave high praise to Bradbury.
'We are so fortunate to have someone with her expertise and her knowledge, and not only that, she's great to work with,' Sosnowski said.
Bradbury did not address the chamber, but waved in response to standing applause after the vote. She was accompanied by her husband, Patrick Crowley, the president of the Rhode Island AFL-CIO.
McKee's administration previously defended against inquiries about whether Bradbury's appointment was related to her husband's influential role with a major labor union, instead focusing on Bradbury's own qualifications for the job.
Bradbury's high-profile appointment to the regulatory body carries extra weight amid rising frustration over utility costs and profits reported by Rhode Island Energy. Addressing lawmakers during a May 20 panel hearing, Bradbury pledged to protect families and businesses grappling with soaring utility bills while also advancing the state's renewable energy mandates, which are one of several costs contributing to monthly utility bills.
The utilities commission by law cannot reject the state utility provider's proposed supply-side prices, as long as they do not include an extra markup beyond what it costs to purchase power directly from third-party suppliers. However, the commission has more authority over service-side charges and has scaled back Rhode Island Energy's proposed investments in capital infrastructure projects in acknowledgement of the extra costs to customers.
Bradbury will serve out the rest of Revens' term, which ends on March 1, 2027.
SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

House Dems Get Bonus Hearing on Crypto Market Structure, Assail Trump Conflicts
House Dems Get Bonus Hearing on Crypto Market Structure, Assail Trump Conflicts

Yahoo

time29 minutes ago

  • Yahoo

House Dems Get Bonus Hearing on Crypto Market Structure, Assail Trump Conflicts

WASHINGTON, D.C. — U.S. President Donald Trump's crypto ventures were once again under the microscope during a House Financial Services Committee hearing that otherwise saw legal experts express worries about how regulators might police digital assets under a market structure bill. The committee held a "minority day" hearing — meaning the witnesses were primarily picked by the Democrats, the current minority party in the House — on Friday, letting lawmakers ask questions more targeted on concerns they have with the Digital Asset Market Clarity Act, the Republican-led market structure legislation that will receive a markup vote next week. Maxine Waters, the ranking Democrat on the committee who'd demanding this extracurricular hearing after the panel met earlier in the week on the same topic, pointed to Trump's various crypto efforts in her opening statement, saying her goal was to stop Trump from profiting off of his crypto ventures to the extent he has been. "What I'm opposed to in this act … is the crooked president of the United States of America, who's decided to use the office of the presidency to enhance his access to profits," Waters said. Republicans focused on a different tack: "Currently, there is no federal framework for non-security digital assets," Committee Chair French Hill said in his own opening statement, a stance echoed by his colleagues Bryan Steil and Warren Davidson. They contend that Democrats and the administration of former President Joe Biden allowed years to pass in which they failed to protect consumers by offering no rules to oversee crypto. Crypto has driven an ideological wedge into the Democratic Party on Capitol Hill, with many Democrats — typically skewing toward the younger members — supporting the advancement of digital assets legislation despite the direction of their leadership. Most of the Democrats attending this bonus hearing on the Clarity Act were in the crypto-critical camp, though Representative Jim Himes, a Connecticut Democrat, has supported crypto bills in the past and questioned witnesses at the hearing about his concerns that the bill may include loopholes that could allow financial firms to dodge oversight. Himes, a yes vote on last year's predecessor to the Clarity Act — the Financial Innovation and Technology for the 21st Century Act, or FIT21 — said some of the provisions in the new effort may allow for a carveout that can be abused by certain types of issuers under Securities and Exchange Commission regulations. The Clarity Act itself is more complicated than it needs to be and does not address some of the cybersecurity risks posed to the cryptocurrency industry, said Carole House, a former White House adviser who is now a senior fellow at the Atlantic Council GeoEconomics Center. She pointed to recent crypto hacks, including crypto exchange ByBit, as an example. Amanda Fischer, policy director at Better Markets, a Washington group advocating for financial policies that favor the public, said her bigger issue was with the exceptions that exist for companies to seek regulation under the Commodity Futures Trading Commission rather than the Securities and Exchange Commission, saying that it might provide loopholes for issuers or other crypto companies that otherwise would be regulated under the SEC and be subject to securities registration and reporting requirements. But as has been seen in other recent hearings, Trump's crypto ties again reappeared as the star of the show. Bart Naylor, a policy expert at Public Citizen and a former investigator for the Senate Banking Committee, said he believes Trump is specifically soliciting gifts through his memecoin and selling favors through actions like his memecoin dinner or by terminating SEC lawsuits against companies which donated money to him. White House officials have routinely denied Trump is exhibiting a conflict of interests in his pursuit of digital assets business gains. Waters had staged a walkout last month from what was meant to be a joint hearing of this and the House Agriculture Committee on crypto policy, though industry insiders were careful to note that not all the panel's Democrats followed Waters' departure.

Trump seeks to weaken Senator Lindsey Graham's devastating Russia sanctions bill
Trump seeks to weaken Senator Lindsey Graham's devastating Russia sanctions bill

Yahoo

time30 minutes ago

  • Yahoo

Trump seeks to weaken Senator Lindsey Graham's devastating Russia sanctions bill

The administration of US President Donald Trump has urged Republican Senator Lindsey Graham to soften sanctions against Russia in the Sanctioning Russia Act of 2025, which has strong bipartisan support in the Senate. Source: The Wall Street Journal, as reported by European Pravda Details: The Wall Street Journal reports that White House officials recently contacted Graham's office pressing for changes to the bill's sanctions provisions. Aides to the senator, who asked to remain anonymous, said that among other things, the Trump administration proposed adding provisions to the draft that would allow the US president to decide whom or what to sanction. The White House also suggested replacing the word "shall" with "may" throughout the bill, removing the mandatory nature of the sanctions, the WSJ reported. Graham's team expressed frustration, arguing that diluting the mandatory sanctions would render the bill ineffective and noting that Trump already has discretionary powers to impose sanctions. Previously: Senators Lindsey Graham (Republican) and Richard Blumenthal (Democrat), supported by 82 co-sponsors, introduced the bill to impose economic sanctions on Russia for obstructing ceasefire efforts in its war of aggression against Ukraine, particularly by imposing a 500% tariff on goods imported from countries that purchase Russian oil. The bill also has bipartisan support in the House of Representatives, where a companion bill has 33 co-sponsors. White House press secretary Karoline Leavitt said Trump would make the final decision on any potential tightening of sanctions against Russia. Support Ukrainska Pravda on Patreon!

Senate GOP seeks to cut off funding source for top consumer watchdog
Senate GOP seeks to cut off funding source for top consumer watchdog

The Hill

timean hour ago

  • The Hill

Senate GOP seeks to cut off funding source for top consumer watchdog

Senate Republicans are seeking to cut off a key funding source for the Consumer Financial Protection Bureau (CFPB) as part of a mammoth package to advance President Trump's tax agenda and spending cuts. Republicans on the Senate Banking Committee said the legislative text unveiled Friday would block CFPB's ability 'to fund itself' by significantly limiting its funding structure. Currently, as part of its funding structure, the CFPB receives transfers from the central bank not exceeding a cap set at 12 percent of the Federal Reserve System's total operating expenses in 2009. However, the proposal offered by Senate Republicans on Friday would reduce that cap to zero. The measure goes further than the House version of Trump's 'big beautiful bill,' which seeks to reduce the cap to five percent. The GOP-led Senate committee said Friday that the move would not 'affect the Bureau's existing ability to request funds from Congress' and would result in about $6.4 billion in savings over 10 years. The CFPB has long faced legal challenges over its funding structure, as Republicans have pushed for the agency to be funded through the annual appropriations process in Congress that many other federal agencies are subject to instead of the Federal Reserve. Some Republicans have said they see the broader tax and spending cuts plan as their best shot to rein in an agency they've argued has too much power and independence. The recent text has drawn swift backlash from Democrats on the banking committee, however. Sen. Elizabeth Warren (Mass.), top Democrat on the committee, attacked the Republican proposal in statement on Friday afternoon, saying it 'goes beyond the already extreme House bill and is yet another example of Republicans' reckless and bloodthirsty pursuit of destroying the CFPB — an agency that has returned over $21 billion to scammed Americans — by any means necessary, after failing to get their way in court.' Another section of the legislation calls for moving 'non-monetary policy related Federal Reserve employees to a new pay scale calculated at 70 percent of the pay of the Federal Deposit Insurance Corporation,' Republicans outline in a breakdown of the measure. Republicans say the employees' salaries would be adjusted 'to approximately the same as employees at the Department of the Treasury' as part of a measure the committee estimates would generate 'savings of $1.4 billion.' Republicans say the move would bring 'parity to the pay scale of the Federal Reserve and the Treasury Department.' However, Democratic members of the banking committee accused their GOP colleagues of punishing Fed staff and undermining their ability 'to police' big banks. Other proposals sought by the committee include measures to yank back funding for the Department of Housing and Urban Development's Green and Resilient Retrofit Program authorized under the Biden administration, eliminate what Republicans say is the Treasury Department's 'duplicative office' of Office of Financial Research, and transferring duties and functions of the Public Company Accounting Oversight Board (PCAOB) to the Securities and Exchange Commission. The language is similar to recent legislation that passed the House. The measure also seeks to provide $1 billion for the Defense Production Act fund. Overall, Republicans on the committee estimated the 'net budgetary impacts' of the legislation to 'result in a 10-year budgetary savings of $8.447 billion.' Senate Banking Chairman Tim Scott (R-S.C.) said Friday that he worked with House and Senate colleagues to 'carefully scrutinize programs and spending within our jurisdiction and identify efficiencies and cost savings.' 'This legislation takes important steps to reduce waste and duplication in financial regulation while bolstering our national security, and I look forward to advancing these provisions as part of the One Big Beautiful Bill,' he said. Democrats, on the other hand, are vowing to fight the suite of proposals as what they have described as an 'attack on American consumers.' 'Their bill also guts other regulators created after the 2008 crisis that help keep our financial system safe,' Warren said Friday. 'This will not stand — and don't just take it from me, take it from the litany of Senate Republicans who are on the record saying this violates Senate rules.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store