Sen. Josh Becker bill targets utility execs

Utility executives’ salaries could become tied to their companies keeping electricity rates from rising faster than inflation if new legislation introduced by state Sen. Josh Becker passes. 

Becker, D-Menlo Park, recently introduced Senate Bill 905, a major utility reform package intended to address rising electricity costs and create new standards to measure how well existing energy grids are performing.

Perhaps the most eye-catching part of the bill, however, would tie 20% of executive salaries to electricity rates, meaning that if costs rise faster than the rate of inflation over a rolling three-year period, those employees would not receive that portion of their paycheck. 

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