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. In all, the CEOs for the 53 companies and the federally-run Tennessee Valley Authority included in this analysis received more than $4 billion in total compensation between 2017 and 2024.

Read EPI’s coverage of executive compensation and incentives of electric and gas utilities:

Pollution Payday: Analysis of executive compensation and incentives of the largest U.S. investor-owned utilities

Utility CEOs received over $1 billion in executive compensation from 2017 – 2019

Utility CEOs received $2.7 billion in executive compensation from 2017 – 2021

Utility CEOs received $3.2 billion in executive compensation from 2017 – 2022

As Customers Struggled, Utility CEOs’ Pay Spiked Last Year

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