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Utility CEOs get raises as companies roll back diversity, environmental pay incentives and rates increase

Summary by Energy and Policy Institute
In 2024, investor-owned utilities paid their chief executive officers a total of over $530 million, according to an analysis by the Energy and Policy Institute based on the latest proxy statements released by the companies. Of the 54 utilities examined, most increased the total executive compensation paid out in 2024 over the previous year’s levels. Among the companies where CEO compensation increased most dramatically were Richmond, Virginia-ba…
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Energy and Policy Institute broke the news in on Wednesday, April 23, 2025.
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