Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee approves limit on ratepayer recovery of utility supervisor pay in HB 1
Summary
The Environment and Transportation Committee passed House Bill 1, barring investor‑owned utilities from recovering through customer rates supervisor compensation exceeding 110% of the Public Service Commission chair’s salary; committee amendments narrowed and clarified applicability and the bill’s effective date was moved up to June 1.
The Environment and Transportation Committee on Thursday approved House Bill 1, which prevents investor‑owned electric and gas companies from passing to customers any portion of supervisor compensation that exceeds 110% of the maximum annual salary payable to the chair of the Public Service Commission (PSC). Chair Fraser Hidalgo presented the bill as amended and said the measure also requires each company’s board to adopt a company‑wide policy placing reasonable cost limits on certain expenditures and to file updated policies with the PSC.
Why it matters: Sponsors said the bill is designed to keep bonus and executive compensation costs off ratepayers’ bills and to make the PSC and utilities more transparent about what costs are included in rate requests. The…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
