Substitute Senate Bill No. 52
Substitute Senate Bill No. 52
PUBLIC ACT NO. 97-30
AN ACT CONCERNING DISCLOSURE OF SALARIES OF
DIRECTORS AND OFFICERS OF PUBLIC UTILITIES.
Be it enacted by the Senate and House of
Representatives in General Assembly convened:
Section 1. (NEW) (a) Each public service
company, as defined in section 16-1 of the general
statutes, regulated pursuant to sections 16-19 and
16-19e of the general statutes and serving more
than three thousand three hundred customers shall
(1) on each customer's bill, notify customers at
least annually that a listing of the salaries of
its directors and officers can be obtained from
the Department of Public Utility Control at the
customer's request, and (2) not later than July
first, annually, submit to the department a
listing of the salaries of all its directors and
officers during the preceding fiscal year. Any
such public service company that files Securities
and Exchange Commission Form 10-K, Part III with
the department pursuant to an order of the
department shall be deemed to be in compliance
with subdivision (2) of this subsection.
(b) The department shall maintain and make
available to the public a listing of the salaries
of directors and officers of each public service
company regulated pursuant to sections 16-19 and
16-19e of the general statutes and serving more
than three thousand three hundred customers. The
department shall mail such listing to any person
that requests it.
Sec. 2. This act shall take effect from its
passage.
Approved May 6, 1997