Minnesota SF4849 limits public utilities' rate recovery for executive pay and specifies certain expenses not recoverable from ratepayers.

Minnesota SF4849 amends public utility regulations by prohibiting the recovery of certain expenses through rates. Specifically, it bans the recovery of costs related to advertising, charitable contributions, travel, lodging, and entertainment expenses for executives, board members, and the ten highest-paid employees. Additionally, it disallows recovery of lobbying expenses, political contributions, membership dues, investor relations costs, and compensation for the ten highest-paid officers or employees.

Minnesota SF4849 limits public utilities' rate recovery for executive pay and specifies certain expenses not recoverable from ratepayers.

Minnesota SF4849 amends public utility regulations by prohibiting the recovery of certain expenses through rates. Specifically, it bans the recovery of costs related to advertising, charitable contributions, travel, lodging, and entertainment expenses for executives, board members, and the ten highest-paid employees. Additionally, it disallows recovery of lobbying expenses, political contributions, membership dues, investor relations costs, and compensation for the ten highest-paid officers or employees.