Rate recovery of executive pay limited for certain public utilities.

HF 76 limits how much Minnesota utility customers can pay for executive compensation. It prohibits utility regulators from approving rate increases that cover the top 10 executives' pay at public utilities with 300,000+ Minnesota retail customers if that pay exceeds the governor's annual salary. The bill defines "compensation" broadly to include salary, bonuses, and other pay, but excludes standard benefits and expense reimbursements. Utilities may still pay executives from non-ratepayer sources (like investor funds), but regulators must ensure this doesn't unfairly burden customers in other states.