Rate recovery of executive pay limited for certain public utilities.

Summary

The bill bars the public utilities commission from allowing Minnesota ratepayers to pay more than the governor’s annual salary for each of a utility’s ten highest‑paid officers or employees. It applies only to utilities serving at least 300,000 retail customers in the state and defines what counts as compensation. The measure seeks to keep executive pay costs from being shifted onto ratepayers while permitting other funding sources.

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