WASHINGTON, Aug. 12 -- Sen. Richard Blumenthal issued text of the following press release:
U.S. Senators Richard Blumenthal (D-CT) and Josh Hawley (R-MO) introduced the No Bonuses for Utility Executives Act, legislation to hold utility company executives accountable for excessive costs on consumers. The legislation prohibits utility executives from receiving bonuses in years when utility rates rise faster than inflation and caps bonuses when rates remain stable.
"This legislation puts an end to unfair, unwarranted bonuses for utility executives who are lining their pockets while burdening consumers with increased costs," said Blumenthal. "For people in Connecticut, Eversource is seeking to raise utility rates by 18 percent when families a...