BILL NO. 68

(as introduced)

3rd Session, 61st General Assembly
Nova Scotia
60 Elizabeth II, 2011

Private Member's Bill

Elimination of Bonuses in Power Rates Act

Chuck Porter
Hants West

First Reading: October 31, 2011

(Explanatory Note)

Second Reading:

Third Reading:

This Bill provides that the Nova Scotia Utility and Review Board must not include bonuses for executive-level employees of electric public utilities as a cost when determining the rate base or general rate for the utility.

1 This Act may be cited as the Elimination of Bonuses in Power Rates Act.

2 Chapter 380 of the Revised Statutes, 1989, the Public Utilities Act, is amended by adding immediately after Section 41 the following Section:

41A (1) In determining a rate base or general rate for an electric public utility, the Board shall not include any amount based upon performance and paid to executive-level employees, including, but not limited to,

(a) bonuses;

(b) variable compensation; or

(c) at-risk pay.

(2) The Board may make regulations defining "executive-level employees" for the purpose of this Section.