Bill > HF76

This bill limits the amount of executive compensation that can be recovered from Minnesota ratepayers for certain large public utilities with at least 300,000 retail customers in the state. Specifically, the bill prohibits the Public Utilities Commission from allowing ratepayers to pay for compensation to a utility's top ten highest-paid officers or employees that exceeds the governor's annual salary. The term "compensation" is broadly defined to include salary, incentive payments, and other forms of payment, but excludes standard expense reimbursements and benefits offered equally to all employees. The bill does not restrict the total compensation these executives can receive, only the portion that can be passed on to Minnesota ratepayers, and requires the commission to ensure that compensation from non-ratepayer sources does not disproportionately burden ratepayers in other states. The provisions will apply to rate filings submitted after the bill's enactment, aiming to provide more protection for utility customers by limiting the extent to which executive pay can be included in utility rates.

Agriculture and Natural Resources

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF0076&ssn=0&y=2025