,i #aai? ,,congress #a/ ,session ,h4 ,r4 #feij ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,decemb] #aj1 #bjbe,mr4 ,riley ( ,new ,york 7= himself & ,mr4 ,van ,drew7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,en]gy & ,comm]ce1 & 9 addition to ! ,committee on ,ways & ,means1 = a p]iod to be subsequ5tly det]m9$ by ! ,speak]1 9 ea* case = consid]ation ( su* provisions z fall )9 ! jurisdiction ( ! committee conc]n$ ,a ,,bill ,to limit bonuses = executives ( c]ta9 electric utilities1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,no ,bonuses = ,utility ,executives ,act4 #b4 ,limitation on bonuses = executives ( c]ta9 electric utilities 7a7 ,au?oriz$ bonuses 7#a7 ,9 g5]al ,beg9n+ ,janu>y #a1 #bjbe1 a cov]$ utility may1 subject to p>agraph 7#b71 pay a bonus to an executive ( su* cov]$ utility = ! fiscal ye> ( ! cov]$ utility only if ! av]age p]c5tage increase 9 cu/om] rates ( ! cov]$ utility = su* fiscal ye> does n exce$ any p]c5tage increase 9 ! ,consum] ,price ,index = ,all ,urban ,consum]s 7,,cpi-,u7 publi%$ by ! ,bureau ( ,labor ,/ati/ics ( ! ,dep>tm5t ( ,labor = ! #ab-mon? p]iod end+ on ! la/ day ( su* fiscal ye>4 7#b7 ,limitation ,a bonus paid pursuant to p>agraph 7#a7 may n exce$ #be p]c5t ( ! m$ian ( ! annual comp5sation = su* fiscal ye> ( employees ( ! cov]$ utility :o are n executives4 7b7 ,ov]sight 7#a7 ,det]m9ation ( bonuses all[$ 7,a7 ,in=mation provid$ to ,commission ,n lat] ?an #a week aft] ! la/ day ( ! fiscal ye> ( a cov]$ utility1 ! cov]$ utility %all provide to ! ,f$]al ,en]gy ,regulatory ,commission in=mation on-- 7i7 ! av]age p]c5tage increase 9 cu/om] rates ( ! cov]$ utility = su* fiscal ye>2 & 7ii7 ! m$ian ( ! annual comp5sation = su* fiscal ye> ( employees ( ! cov]$ utility :o are n executives4 7,b7 ,det]m9ation ( bonuses all[$ ,n lat] ?an #a mon? aft] ! la/ day ( su* fiscal ye>1 ! ,commission %all det]m9e-- 7i7 :e!r ! cov]$ utility may pay a bonus pursuant to subsection 7a77#a72 & 7ii7 ! maximum all[able am\nt "u subsection 7a77#b7 ( any su* bonus4 7#b7 ,ov]sight ( bonuses 7,a7 ,det]m9ation ( compliance ,! ,commission %all1 jo9tly ) ! ,commission] ( ,int]nal ,rev5ue1 det]m9e :e!r ea* cov]$ utility is 9 compliance ) subsection 7a74 7,b7 ,p5alties 7i7 ,=feiture ,a bonus result+ f a violation ( subsection 7a7 by a cov]$ utility %all be =feit$ to ! ,unit$ ,/ates4 7ii7 ,/imulus *ecks ,= any su* bonus-- 7,i7 ! cov]$ utility %all provide any in=mation to ! ,commission] ( ,int]nal ,rev5ue t ! ,commission] det]m9es to be necess>y to c>ry out subclause 7,,ii72 & 7,,ii7 ! ,commission] %all issue a paym5t to ea* cu/om] ( su* cov]$ utility 9 an am\nt equal to ! am\nt =feit$ "u clause 7i7 divid$ by ! numb] ( cu/om]s ( ! cov]$ utility4 7c7 ,def9itions ,9 ?is section3 7#a7 ,cov]$ utility ,! t]m cov]$ utility means a ,/ate regulat$ electric utility 7z su* t]m is def9$ 9 section #c ( ! ,public ,utility ,regulatory ,policies ,act ( #aigh 7#af ,u4,s4,c4 #bfjb77 t is n :olly own$ by ,unit$ ,/ates p]sons4 7#b7 ,cu/om] rates ,! t]m cu/om] rates means ! rates & *>ges made1 dem&$1 or receiv$ by a cov]$ utility = or 9 connection ) ! sale ( electric en]gy &1 if applicable1 natural gas4 7#c7 ,executive ,! t]m executive means a ,c-suite executive1 includ+ a *ief executive (fic]1 *ief op]at+ (fic]1 *ief f9ancial (fic]1 *ief in=mation (fic]1 *ief te*nology (fic]1 *ief m>ket+ (fic]1 *ief human res\rces (fic]1 *ief p (fic]1 & any p]son t ! ,commission det]m9es holds a title sub/antially simil> to any su* title4 7#d7 ,unit$ ,/ates p]son ,! t]m ,unit$ ,/ates p]son means-- 7,a7 an individual :o is a citiz5 (1 or an ali5 lawfully admitt$ = p]man5t resid5ce 91 ! ,unit$ ,/ates2 or 7,b7 an entity organiz$ "u ! laws ( ! ,unit$ ,/ates or any jurisdiction )9 ! ,unit$ ,/ates4