This bill proposes a change to Minnesota’s energy laws by limiting how much public utility companies can charge their customers (ratepayers) for the compensation (including salaries and incentives) of their ten highest-paid executives. Specifically, it restricts the amount that can be included in customer rates for executive pay to no more than the annual salary of the Governor of Minnesota. However, this bill doesn't affect how much executives can be paid from other sources not funded by ratepayers, like investments, as long as it doesn’t unfairly affect customers in other states. This restriction applies to utilities with at least 300,000 retail customers in Minnesota.