Duke Energy CEO's pay jumps by $21.4 million in 2 years

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

Mar 12th, 2018
Content Dam Elp Gallery En Articles Slideshow 2017 How Much Money Are Utility Ceos Making 7  Lynn Good Duke Energy

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 CEO 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.

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