,i  #aaith ,,congress  #ast ,session    
,h4 ,r4 #feij  ,,in ,,the ,,house ,,of  
,,representatives  ,december #aj1       
#bjbe,mr4 ,riley of ,new ,york 7for     
himself and ,mr4 ,van ,drew7 introduced 
the following bill2 which was referred  
to the ,committee on ,energy and        
,commerce1 and in addition to the       
,committee on ,ways and ,means1 for a   
period to be subsequently determined by 
the ,speaker1 in each case for          
consideration of such provisions as fall
 within the jurisdiction of the         
committee concerned  ,a ,,bill  ,to     
limit bonuses for executives of certain 
electric utilities1 and for other       
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,no ,bonuses for    
,utility ,executives ,act4  #b4         
,limitation on bonuses for executives of
 certain electric utilities  7a7        
,authorized bonuses  7#a7 ,in general   
,beginning ,january #a1 #bjbe1 a covered
 utility may1 subject to paragraph 7#b71
 pay a bonus to an executive of such    

covered utility for the fiscal year of  
the covered utility only if the average 
percentage increase in customer rates of
 the covered utility for such fiscal    
year does not exceed any percentage     
increase in the ,consumer ,price ,index 
for ,all ,urban ,consumers 7,,cpi-,u7   
published by the ,bureau of ,labor      
,statistics of the ,department of ,labor
 for the #ab-month period ending on the 
last day of such fiscal year4  7#b7     
,limitation ,a bonus paid pursuant to   
paragraph 7#a7 may not exceed #be       
percent of the median of the annual     
compensation for such fiscal year of    
employees of the covered utility who are
 not executives4  7b7 ,oversight  7#a7  
,determination of bonuses allowed  7,a7 
,information provided to ,commission    
,not later than #a week after the last  
day of the fiscal year of a covered     
utility1 the covered utility shall      
provide to the ,federal ,energy         
,regulatory ,commission information on--
  7i7 the average percentage increase in

 customer rates of the covered utility  
for such fiscal year2 and  7ii7 the     
median of the annual compensation for   
such fiscal year of employees of the    
covered utility who are not executives4 
7,b7 ,determination of bonuses allowed  
,not later than #a month after the last 
day of such fiscal year1 the ,commission
 shall determine-- 7i7 whether the      
covered utility may pay a bonus pursuant
 to subsection 7a77#a72 and  7ii7 the   
maximum allowable amount under          
subsection 7a77#b7 of any such bonus4   
7#b7 ,oversight of bonuses  7,a7        
,determination of compliance ,the       
,commission shall1 jointly with the     
,commissioner of ,internal ,revenue1    
determine whether each covered utility  
is in compliance with subsection 7a74   
7,b7 ,penalties  7i7 ,forfeiture ,a     
bonus resulting from a violation of     
subsection 7a7 by a covered utility     
shall be forfeited to the ,united       
,states4  7ii7 ,stimulus checks ,for any
 such bonus--  7,i7 the covered utility 

shall provide any information to the    
,commissioner of ,internal ,revenue that
 the ,commissioner determines to be     
necessary to carry out subclause 7,,ii72
 and  7,,ii7 the ,commissioner shall    
issue a payment to each customer of such
 covered utility in an amount equal to  
the amount forfeited under clause 7i7   
divided by the number of customers of   
the covered utility4  7c7 ,definitions  
,in this section3 7#a7 ,covered utility 
,the term covered utility means a ,state
 regulated electric utility 7as such    
term is defined in section #c of the    
,public ,utility ,regulatory ,policies  
,act of #aigh 7#af ,u4,s4,c4 #bfjb77    
that is not wholly owned by ,united     
,states persons4  7#b7 ,customer rates  
,the term customer rates means the rates
 and charges made1 demanded1 or received
 by a covered utility for or in         
connection with the sale of electric    
energy and1 if applicable1 natural gas4 
7#c7 ,executive ,the term executive     
means a ,c-suite executive1 including a 

chief executive officer1 chief operating
 officer1 chief financial officer1 chief
 information officer1 chief technology  
officer1 chief marketing officer1 chief 
human resources officer1 chief people   
officer1 and any person that the        
,commission determines holds a title    
substantially similar to any such title4
  7#d7 ,united ,states person ,the term 
,united ,states person means-- 7,a7 an  
individual who is a citizen of1 or an   
alien lawfully admitted for permanent   
residence in1 the ,united ,states2 or   
7,b7 an entity organized under the laws 
of the ,united ,states or any           
jurisdiction within the ,united ,states4