Sponsor introductory remarks on measure. (CR H5805)
Energy
Why This Matters
This bill aims to control how much money utility executives can earn in bonuses by tying it to customer rate increases. It ensures that if customers face higher bills, executives won't receive large bonuses.
If you are a customer of a utility, this bill could mean fairer pricing and less excessive pay for executives.
Who this affects
Utility customers · Electric utility employees
What changes is this bill making?
1This bill limits bonuses for executives of certain electric utilities.
2Bonuses can only be paid if customer rates do not rise faster than inflation.
3The maximum bonus cannot exceed 25 percent of the median pay of non-executive employees.
4Utilities must report their customer rate increases and employee compensation to the Federal Energy Regulatory Commission.
5If a utility violates this rule, the bonus is forfeited and distributed to customers.
