Calif. Panel Throws Out Bill Targeting Utility Execs’ Bonuses

Law360, San Diego (June 19, 2012, 7:33 PM EDT) -- A California Senate panel on Tuesday rejected a bill that would bar utilities from using ratepayer money to pay for executive bonuses and increase fines for corporate malfeasance that allegedly led to a deadly pipeline blast in the state.

On a 6-4 vote, the California Senate Energy, Utilities and Communications Committee rejected the measure, brought by Assemblyman Jerry Hill, D-San Mateo, after utilities argued it would hinder their ability to attract talent. The bill sought to block gas and electric companies from using ratepayer funds for...
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