Investor-Owned Electric, Gas, and Gas and Electric Companies - Cost Recovery - Limitations
What changed between versions
The definition of 'supervisor' was updated to include employees of the public service company, its parent company, or any other affiliate.
The definition of 'compensation' was expanded to include payments made to supervisors working for the parent company or any affiliate of the public service company.
Excluded benefits were broadened to explicitly include dental, medical, vision, and life insurance, whereas the previous version only listed health, medical, and life insurance.
The salary threshold for recoverable bonus compensation was changed from 110% of the maximum salary of a Commission member to 110% of the maximum salary of the Commission Chair.
The section requiring the Board of Directors to adopt cost limitation policies was renumbered and restructured to reference new Commission guidance.
New requirements were added mandating that public service companies send copies of their adopted policies to the Commission at specific times.
A new requirement was added for the Public Service Commission to publish specific guidance on cost limitations.
The bill header was updated to reflect committee approval and adoption, and the list of sponsoring delegates was expanded.
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