Rate recovery of executive pay for public utilities limited, and utility expenses that may not be recovered from ratepayers specified.

Summary

The bill adds a rule that stops Minnesota public utilities from recovering costs such as advertising, travel, lobbying, political contributions, and high executive compensation through customer rates. Utilities must file yearly itemized reports, and any violation forces a refund plus a penalty equal to twice the improperly recovered amount.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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