"REP. ESTY: --
... Do you -- from the transparency
point of view, is there a summary at some point in the year where all of the
utilities are listed with the top -- that you produce or anyone produces, with
executive compensation, say the top three or four officers, what those salary
levels plus bonuses and what percentage in actual dollar figures are paid out
of ratepayers?
ANTHONY J. PALERMINO: Yes. In a
decision that we issued last year in December, we required the utilities to
report in their executive salaries in a format that we developed, which has all
of that including the percentage paid by ratepayers. The only caveat to that is
the telecommunications side of it, because the FCC controls jurisdiction there,
they do not report in the salaries of the locals. They're -- they have
been reporting in their top people nationwide. So those are kind of skewed
because those are in the tens of millions of dollars.
REP. ESTY: So, but, is this
consolidated across all the utilities as opposed to each one reporting? Because
I think obviously what people are trying to get at --
ANTHONY J. PALERMINO: Oh, I'm sure
we could do that.
REP. ESTY: Because I would suggest I
think that might be useful to do. I think the concern is about executive
compensation --
ANTHONY J. PALERMINO: Right.
REP. ESTY: -- at levels that
taxpayers and, in this case, ratepayers are being asked to subsidize, and
perhaps greater transparency could get at some of it.
ANTHONY J. PALERMINO: Well, that's a
great suggestion, and we're going to have all that material.
REP. ESTY: And just consolidated
every year, that would be great. Thank you."