Minnesota SF4849: Certain public utilities rate recovery of executive pay limitations provision and certain utility expenses that may not be recovered from ratepayers specification provision

What the bill says

A bill for an act relating to public utilities; limiting rate recovery of executive pay for certain public utilities; specifying certain utility expenses that may not be recovered from ratepayers; amending Minnesota Statutes 2024, section 216B.16, by adding a subdivision; repealing Minnesota Statutes 2024, section 216B.16, subdivisions 8, 9, 17, 18.

From the introduced text, March 24, 2026:

A bill for an act relating to public utilities; limiting rate recovery of executive pay for certain public utilities; specifying certain utility expenses that may not be recovered from ratepayers; amending Minnesota Statutes 2024, section 216B.16, by adding a subdivision; repealing Minnesota Statutes 2024, section 216B.16, subdivisions 8, 9, 17, 18. Section 1. Minnesota Statutes 2024, section 216B.16, is amended by adding a subdivision to read: new text begin [ADDED: Subd. 20.] new text end new text begin [ADDED: Miscellaneous utility expenses.] new text end new text begin [ADDED: (a) A public utility is prohibited from recovering through rates a direct or indirect cost associated with:] new text end new text begin [] new text end new text begin [] new text end new text begin [] new text end new text begin [] new text end new text begin [] new text end new text begin [] new text end new text begin [] new text end new text begin [] new text end new text begin [ and] new text end new text begin [ADDED: (10) compensation to a public utility's ten highest-paid officers or employees in an amount that exceeds $300,000.] new text end new text begin [ and (2) be provided using standard accounting reports already used by the public utility in a written or electronic …

Read the full official text

Sponsors

• John Marty (D) · primary sponsor
• Hemmingsen-Jaeger, Amanda H. (D, 47)
• D. Scott Dibble (D, 61)
• Jen McEwen (D)

Latest actions

1. April 7, 2026: Author added McEwen
2. March 25, 2026: Referred to Energy, Utilities, Environment, and Climate
3. March 25, 2026: Introduction and first reading

Common questions

What is SF4849?

SF4849 is a bill in the Minnesota Legislature (94th Legislature 2025-2026): Certain public utilities rate recovery of executive pay limitations provision and certain utility expenses that may not be recovered from ratepayers specification provision.

What does SF4849 do?

In its own words: A bill for an act relating to public utilities; limiting rate recovery of executive pay for certain public utilities; specifying certain utility expenses that may not be recovered from ratepayers; amending Minnesota Statutes 2024, section 216B.16, by adding a subdivision; repealing Minnesota Statutes 2024, section 216B.16, subdivisions 8, 9, 17, 18.

What is the status of SF4849?

In committee as of April 7, 2026. Latest action: Author added McEwen (April 7, 2026).

Who sponsored SF4849?

John Marty (D), with 3 co-sponsors.

Where is the official record for SF4849?

On the Minnesota Legislature website: https://www.revisor.mn.gov/bills/bill.php?f=SF4849&y=2025&ssn=0&b=senate