Thursday 20 Sep 2018

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Duke Energy CEO’s Pay Tops $21 Million

CHARLOTTE, N.C. (AP) — Duke Energy says its top executive’s compensation has nearly doubled over the past two years.

The country’s No. 2 electricity company by total customers reported to shareholders that Chief Executive Officer Lynn Good was paid more than $21.4 million in 2017, an increase from $10.8 million in 2015.

The company’s proxy filing released Friday says Good’s base salary rose last year by about 4 percent to $1.3 million, but her stock awards shot up almost 90 percent to more than $17 million.

Duke Energy has 7.5 million customers in the Carolinas, Florida, Ohio, Indiana and Kentucky.

The Charlotte-based company won approval to raise prices on about half its North Carolina customers by 6 percent, and wants to increase rates on the rest of its largest market by 10 percent.

Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

3 Comments

  1. Zeke says:

    No person working for any company is worth that much. It’s discusting to have them asking for rate increases when they pay that much to an individual. Shame on the people that approved the rate increase.

    Reply
  2. No way says:

    So the ceo gets more money and we have to pay more. Maybe the ceo can take care if the coal ash issue now without raising our rates again.

    Reply
    • gettin' tired says:

      Isn’t that the truth!!!!!!!!!!!!!!!!!!!!!!!!!! Why should the consumer’s have to pay for their neglect.

      Reply

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