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.
This story has been corrected to show that Good’s reported salary has nearly doubled since 2015.
- Duke Energy: Utility CEO’s pay jumped to $21M last year
- Duke Energy utility CEO got big boosts to severance, pay
- Duke Energy implodes generating station chimney
- State regulators approve Duke Energy rate reduction
- Duke Energy customers set record for energy usage
- Duke Energy reports an outage in North Terre Haute
- Duke Energy Foundation funds Reading Wonders Summer Program
- Duke Energy proposes rate cut, credits federal tax overhaul
- Duke Energy crews head south to help with hurricane relief
- State finds $21M in undistributed Indiana local tax money