PSC backs off rule on executive pay disclosure
The Public Service Commission is backing off a proposal to stop disclosing how much utilities pay their top three executives.
The regulatory agency decided Tuesday it will modify the disclosure rule instead of repealing it.
The rule states that the executives' salaries cannot be treated as confidential information. Previous commissioners put it in place in 2010.
The commission voted earlier this year to start the process of repealing the rule, but said Tuesday that public comment showed a lot of opposition to the proposal.
A unanimous panel voted instead to start work on revising it next week.
Commissioners say they hope to give companies a way to request confidentiality if they believe there is a privacy issue that trumps the public's right to know.
Copyright 2013 by The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.