MidAmerican Energy

Utilities saw poor customer outcomes, lowered standards as they gave CEOs raises

While many Americans saw their energy bills go up substantially in the past year, investor-owned electric and gas utilities and the country’s largest publicly owned utility paid their CEOs over $647 million in 2023, an increase of 9 percent over 2022, an analysis by the Energy and Policy Institute has found. The CEOs for the...

Investor-owned electric and gas utilities paid their CEOs $3.2 billion between 2017 and 2022, according to corporate data reviewed by the Energy and Policy Institute. CEOs for the 57 companies reviewed for this analysis received more than $578 million in 2022. Total utility CEO compensation declined from last year, as it did for most other...

Investor-owned electric and gas utilities paid their CEOs $2.7 billion between 2017 and 2021, according to corporate data reviewed by the Energy and Policy Institute. CEOs for the 58 companies reviewed for this analysis received more than $629 million in 2021, a nearly 40% increase from the $451 million paid in 2017. That is far...