Utility Companies: Executive Bonus Limits
The Senate Committee on Energy and Natural Resources is the next group to review this bill. It has not moved since August 6, 2026, when it was first sent to the committee. Most bills do not receive a committee vote, so this proposal is currently stalled.
While the bill has high-profile bipartisan support, it faces massive opposition from the utility industry and has not yet moved out of committee.
Scores run from -100 (strongly harmful) to +100 (strongly beneficial) for each group, combining impact, certainty, scope, and duration ratings of 1-5. How impact scoring works
The bill uses the median pay of a utility's non-executive employees, many of whom are union linemen and technicians, as the yardstick for capping executive bonuses. This does not raise worker pay directly, but it ties executive rewards to worker compensation levels for the first time.
“may not exceed an amount equal to 25 percent of the median annual compensation, for the applicable fiscal year, of employees of the covered utility who are not executives”
Read twice and referred to the Committee on Energy and Natural Resources.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
Senators Richard Blumenthal and Josh Hawley introduced the No Bonuses for Utility Executives Act, which would prohibit state-regulated utilities from giving C-suite leaders bonuses in years when electricity rates increase faster than inflation.
The legislation prohibits utility executives from receiving bonuses in years when utility rates rise faster than inflation and caps bonuses when rates remain stable at 25% of median non-executive compensation. The bill includes FERC oversight and redistribution of forfeited bonuses to customers.
Congressman Josh Riley (NY-19) and Jeff Van Drew (NJ-02) introduced the No Bonuses for Utility Executives Act. The bill requires utilities to report rate increases and median worker pay to FERC, with unauthorized bonuses forfeited to the IRS for customer rebates.
No votes or related bills recorded for this bill yet.
Document Type
Congressional Bill
Official Title
No Bonuses for Utility Executives Act
Analysis generated by AI. Always verify with official sources.