,,ii  #aai? ,,congress  #b;d ,session   
,s4 #ecec  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,augu/ #f1 #bjbf,mr4   
,blum5?al 7= himself & ,mr4 ,hawley7    
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on ,en]gy
 & ,natural ,res\rces  ,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 ,def9itions ,9 ?is section3 7#a7    
,commission ,! t]m ,commission means !  
,f$]al ,en]gy ,regulatory ,commission4  
7#b7 ,cov]$ utility ,! t]m cov]$ utility
 has ! mean+ giv5 ! t]m ,/ate regulat$  
electric utility 9 section #c ( !       
,public ,utility ,regulatory ,policies  
,act ( #aigh 7#af ,u4,s4,c4 #bfjb74     
7#c7 ,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#d7       
,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#e7 ,fiscal  
ye> ,! t]m fiscal ye>1 ) respect to a   
cov]$ utility1 means ! fiscal ye> ( t   
cov]$ utility4  7#f7 ,secret>y ,! t]m   
,secret>y means ! ,secret>y ( !         
,treasury1 act+ ?r\gh ! ,bureau ( !     
,fiscal ,s]vice4  7b7 ,au?oriz$ bonuses 
7#a7 ,9 g5]al ,beg9n+ ,janu>y #a1 #bjbg1
 a cov]$ utility may1 subject to        
p>agraph 7#b71 pay a bonus to an        
executive ( ! cov]$ utility = a fiscal  
ye> only if ! av]age p]c5tage increase 9
 cu/om] rates ( ! cov]$ utility = t     
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 ( t fiscal ye>4  7#b7 
,limitation ,a bonus paid pursuant to   
p>agraph 7#a7 may n exce$ an am\nt equal
 to #be p]c5t ( ! m$ian annual          
comp5sation1 = ! applicable fiscal ye>1 
( employees ( ! cov]$ utility :o are n  
executives4  7#c7 ,prohibition ,a cov]$ 
utility may n pay a bonus to an         
executive ( ! cov]$ utility = a fiscal  
ye> be=e ! ,commission has made a       
det]m9ation "u subsection 7c77#b7 )     
respect to t cov]$ utility = t fiscal   
ye>4  7c7 ,det]m9ation ( bonuses all[$  
7#a7 ,notification ,n lat] ?an #g days  
aft] ! la/ day ( a fiscal ye>1 a cov]$  
utility %all provide to ! ,commission   
in=mation on-- 7,a7 ! av]age p]c5tage   
increase 9 cu/om] rates ( ! cov]$       
utility = t fiscal ye>2 &  7,b7 ! m$ian 
annual comp5sation1 = t fiscal ye>1 (   
employees ( ! cov]$ utility :o are n    
executives4  7#b7 ,det]m9ation ,n lat]  
?an #cj days aft] ! la/ day ( a fiscal  

ye> = :i* ! ,commission receives        
in=mation f a cov]$ utility "u p>agraph 
7#a71 ! ,commission %all det]m9e-- 7,a7 
:e!r ! cov]$ utility may pay a bonus    
pursuant to subsection 7b77#a72 &  7,b7 
! maximum all[able am\nt ( t bonus "u   
subsection 7b77#b74  7d7 ,ov]sight (    
bonuses  7#a7 ,notification ,n lat] ?an 
#g days aft] pay+ a bonus to an         
executive1 a cov]$ utility %all provide 
to ! ,commission in=mation on-- 7,a7 !  
am\nt ( ! bonus2 &  7,b7 ! fiscal ye> = 
:i* ! bonus 0 paid4  7#b7 ,det]m9ation (
 compliance ,n lat] ?an #cj days aft]   
receiv+ a notification "u p>agraph 7#a71
 ! ,commission %all det]m9e :e!r ! cov]$
 utility submitt+ ! notification is 9   
compliance ) subsection 7b74  7#c7      
,p5alties  7,a7 ,=feiture ,a bonus %all 
be =feit$ to ! ,unit$ ,/ates if-- 7i7 ! 
bonus 0 paid 9 violation ( any provision
 ( subsection 7b72  7ii7 ! cov]$ utility
 pay+ ! bonus fail$ to provide a        
notification "u p>agraph 7#a7 by ! date 
describ$ 9 t p>agraph ) respect to !    

bonus2 or  7iii7 ! cov]$ utility pay+ ! 
bonus made a mat]ially false or mislead+
 repres5tation 9 a notification provid$ 
"u p>agraph 7#a7 or subsection 7c77#a7 )
 respect to ! bonus or any o!r matt]    
describ$ 9 p>agraph 7#a7 or subsection  
7c77#a7 = ! applicable fiscal ye>4  7,b7
 ,collection ( =feit$ bonus  7i7 ,9     
g5]al ,to collect a bonus =feit$ "u     
subp>agraph 7,a71 ! ,commission %all    
impose a civil p5alty 9 ! am\nt ( !     
bonus on ! cov]$ utility t paid ! bonus4
  7ii7 ,transf] to ! ,secret>y ,am\nts  
collect$ by ! ,commission "u clause 7i7 
%all be transf]r$ to ! ,secret>y =      
purposes ( c>ry+ out subp>agraph 7,c74  
7iii7 ,prohibition ,a cov]$ utility may 
n recov] ?r\gh cu/om] rates ! co/ ( a   
civil p5alty impos$ "u ?is subp>agraph4 
7,c7 ,ratepay] *ecks ,= any bonus       
describ$ 9 subp>agraph 7,a7 t is        
collect$ pursuant to subp>agraph 7,b7-- 
7i7 ! applicable cov]$ utility %all     
provide any in=mation to ! ,commission  
or ! ,secret>y t ! ,commission or !     

,secret>y1 z applicable1 det]m9es to be 
necess>y to c>ry out clause 7ii72 &     
7ii7 ! ,secret>y %all issue to ea*      
cu/om] ( t cov]$ utility a paym5t 9 an  
am\nt equal to ! quoti5t obta9$ by      
divid+-- 7,i7 ! am\nt =feit$ "u         
subp>agraph 7,a7 & collect$ "u          
subp>agraph 7,b72 by  7,,ii7 ! numb] (  
cu/om]s ( ! cov]$ utility4