3rd Session, 61st General Assembly
60 Elizabeth II, 2011
First Reading: October 31, 2011
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:
(b) variable compensation; or
(c) at-risk pay.
(2) The Board may make regulations defining "executive-level employees" for the purpose of this Section.