AGTC Advisory Services, Inc.

20 Highest-Paid Female Executives in the US Electricity Industry - 2021

Posted on December 8, 2022 by Antoine Eustache, Ph.D., DBA
In 2021, the top 20 female utility executives had a total salary of more than $99 million, amounting to 10% of all Named Executive Officers' combined wages or 28% of their top 20 male counterparts. Under US regulation, publicly traded companies must name and report compensation information for the top highest-paid executives yearly to the Securities and Exchange Commission (SEC). These include the CEO, CFO, and the three most highly compensated individuals who worked for the company or a subsidiary during the previous fiscal year.

1. Lynn J. Good

Position: Chair, President and CEO

Company: Duke Energy Corporation

Base Salary: $1,390,500

Bonus: N/A

Stock: $11,196,187

Stock Option: N/A

Non-Equity Incentive: $3,288,915

Change in Pension Value*: $277,111

Other Compensation: $298,523

Total Compensation: $16,451,236

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

2. Rebecca J. Kujawa

Position: Executive VP, Finance and CFO

Company: NextEra Energy Inc.

Base Salary: $875,000

Bonus: N/A

Stock: $8,378,012

Stock Option: $602,492

Non-Equity Incentive: $1,225,000

Change in Pension Value*: $250,351

Other Compensation: $113,323

Total Compensation: $11,444,178

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

3. Constance H. Lau

Position: HEI President & CEO

Company: Hawaiian Electric Industries, Inc

Base Salary: $955,000

Bonus: N/A

Stock: $3,204,098

Stock Option: N/A

Non-Equity Incentive: $1,756,546

Change in Pension Value*: N/A

Other Compensation: $17,879

Total Compensation: $5,933,523

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

4. Lisa A. Grow

Position: President and CEO

Company: Idacorp, Inc

Base Salary: $775,000

Bonus: N/A

Stock: $1,714,845

Stock Option: N/A

Non-Equity Incentive: $1,381,438

Change in Pension Value*: $1,760,278

Other Compensation: $13,964

Total Compensation: $5,645,525

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

5. Patricia K. Collawn

Position: Chairman, President and CEO

Company: PNM Resources, Inc.

Base Salary: $957,981

Bonus: $740,000

Stock: $2,461,055

Stock Option: N/A

Non-Equity Incentive: N/A

Change in Pension Value*: N/A

Other Compensation: $1,435,703

Total Compensation: $5,594,739

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

6. Maria Pope

Position: President and CEO

Company: Portland General Electric Co.

Base Salary: $1,025,692

Bonus: N/A

Stock: $ 3,132,499

Stock Option: N/A

Non-Equity Incentive: $1,114,840

Change in Pension Value*: $49,384

Other Compensation: $85,940

Total Compensation: $5,408,355

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

7. Julia S. Janson

Position: Executive VP and CEO, Duke Energy Carolinas

Company: Duke Energy Corporation

Base Salary: $750,750

Bonus: N/A

Stock: $2,766,855

Stock Option: N/A

Non-Equity Incentive: $968,580

Change in Pension Value*: N/A

Other Compensation: $162,015

Total Compensation: $4,648,200

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

8. Maria Rigatti

Position: EIX EVP and CFO

Company: Edison International

Base Salary: $707,981

Bonus: N/A

Stock: $887,582

Stock Option: $887,504

Non-Equity Incentive: $783,840

Change in Pension Value*: $1,307,104

Other Compensation: $17,400

Total Compensation: $4,591,411

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

9. Diane Leopold

Position: Exec. Executive Vice President and Chief Operating Officer

Company: Dominion Energy Inc

Base Salary: $871,250

Bonus: N/A

Stock: $1,000,017

Stock Option: N/A

Non-Equity Incentive: $1,474,478

Change in Pension Value*: $1,150,204

Other Compensation: $79,824

Total Compensation: $4,575,773

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

10. Lisa M. Barton

Position: Executive VP and COO

Company: American Electric Power Company Inc.

Base Salary: $803,077

Bonus: N/A

Stock: $ 2,443,104

Stock Option: N/A

Non-Equity Incentive: $890,000

Change in Pension Value*: $165,173

Other Compensation: $88,143

Total Compensation: $4,389,497

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

11.Catherine Stempien

Position: President and CEO of Networks

Company: Avangrid, Inc.

Base Salary: $446,154

Bonus: $200,000

Stock: $2,960,650

Stock Option: N/A

Non-Equity Incentive: $414,398

Change in Pension Value*: N/A

Other Compensation: $62,147

Total Compensation: $4,083,349

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

12. Xia Liu

Position: Executive Vice President and CFO

Company: WEC Energy Group, Inc

Base Salary: $739,450

Bonus: N/A

Stock: $1,279,120

Stock Option: $499,356

Non-Equity Incentive: $1,174,535

Change in Pension Value*: $812

Other Compensation: $356,739

Total Compensation: $4,050,012

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

13.Tamara L. Linde

Position: EVP & General Counsel

Company: Public Service Enterprise Group

Base Salary: $657,800

Bonus: N/A

Stock: 3,823,832

Stock Option: N/A

Non-Equity Incentive: $897,900

Change in Pension Value*: $179,000

Other Compensation: $29,660

Total Compensation: $3,064,379

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

14. Julia A. Sloat

Position: EVP and Chief Financial Officer

Company: American Electric Power Company Inc.

Base Salary: $602,308

Bonus: N/A

Stock: $1,628,789

Stock Option: N/A

Non-Equity Incentive: $637,350

Change in Pension Value*: $76,622

Other Compensation: $58,042

Total Compensation: $3,003,111

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

15. Christine M. Carmody

Position: EVP - HR and IT

Company: Eversource Energy

Base Salary: $541,001

Bonus: N/A

Stock: $1,005,122

Stock Option: N/A

Non-Equity Incentive: $650,000

Change in Pension Value*: $645,323

Other Compensation: $19,983

Total Compensation: $2,861,429

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

16. Maria L. Lacal

Position: EVP, Chief Nuclear Officer

Company: Pinnacle West Capital Corp.

Base Salary: $600,000

Bonus: N/A

Stock: $839,352

Stock Option: N/A

Non-Equity Incentive: $796,545

Change in Pension Value*: $483,567

Other Compensation: $ 34,821

Total Compensation: $2,754,285

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

17. Margaret C. Kelsey

Position: EVP, General Counsel and Corporate Secretary

Company: WEC Energy Group Inc.

Base Salary: $579,232

Bonus: N/A

Stock: $712,544

Stock Option: $278,150

Non-Equity Incentive: $862,542

Change in Pension Value*: $858

Other Compensation: $160,981

Total Compensation: $2,594,307

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

18. Bethany M. Owen

Position: Chair, President and CEO

Company: Allete, Inc.

Base Salary: $644,132

Bonus: N/A

Stock: $757,908

Stock Option: N/A

Non-Equity Incentive: $637,131

Change in Pension Value*: $385,368

Other Compensation: $154,000

Total Compensation: $2,578,539

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

19. Violet G. Sistovaris

Position: EVP and Chief Experience Officer

Company: NiSource Inc

Base Salary: $512,500

Bonus: N/A

Stock: $1,448,508

Stock Option: N/A

Non-Equity Incentive: $475,000

Change in Pension Value*: $34,901

Other Compensation: $48,019

Total Compensation: $2,518,928

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

20. Lisa Krueger

Position: Executive Vice President

Company: AES Corporation

Base Salary: $500,000

Bonus: $1,284,039

Stock: N/A

Stock Option: N/A

Non-Equity Incentive: $600,000

Change in Pension Value*: N/A

Other Compensation: $69,884

Total Compensation: $2,453,923

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

20 Highest-Paid Female Executives in the US Electricity Industry – 2021 – AGTC Advisory Services, Inc.

20 Highest-Paid Female Executives in the US Electricity Industry – 2021

In 2021, the top 20 female utility executives had a total salary of more than $99 million, amounting to 10% of all Named Executive Officers' combined wages or 28% of their top 20 male counterparts. Under US regulation, publicly traded companies must name and report compensation information for the top highest-paid executives yearly to the Securities and Exchange Commission (SEC). These include the CEO, CFO, and the three most highly compensated individuals who worked for the company or a subsidiary during the previous fiscal year.

1. Lynn J. Good

Position: Chair, President and CEO

Company: Duke Energy Corporation

Base Salary: $1,390,500

Bonus: N/A

Stock: $11,196,187

Stock Option: N/A

Non-Equity Incentive: $3,288,915

Change in Pension Value*: $277,111

Other Compensation: $298,523

Total Compensation: $16,451,236

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

2. Rebecca J. Kujawa

Position: Executive VP, Finance and CFO

Company: NextEra Energy Inc.

Base Salary: $875,000

Bonus: N/A

Stock: $8,378,012

Stock Option: $602,492

Non-Equity Incentive: $1,225,000

Change in Pension Value*: $250,351

Other Compensation: $113,323

Total Compensation: $11,444,178

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

3. Constance H. Lau

Position: HEI President & CEO

Company: Hawaiian Electric Industries, Inc

Base Salary: $955,000

Bonus: N/A

Stock: $3,204,098

Stock Option: N/A

Non-Equity Incentive: $1,756,546

Change in Pension Value*: N/A

Other Compensation: $17,879

Total Compensation: $5,933,523

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

4. Lisa A. Grow

Position: President and CEO

Company: Idacorp, Inc

Base Salary: $775,000

Bonus: N/A

Stock: $1,714,845

Stock Option: N/A

Non-Equity Incentive: $1,381,438

Change in Pension Value*: $1,760,278

Other Compensation: $13,964

Total Compensation: $5,645,525

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

5. Patricia K. Collawn

Position: Chairman, President and CEO

Company: PNM Resources, Inc.

Base Salary: $957,981

Bonus: $740,000

Stock: $2,461,055

Stock Option: N/A

Non-Equity Incentive: N/A

Change in Pension Value*: N/A

Other Compensation: $1,435,703

Total Compensation: $5,594,739

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

6. Maria Pope

Position: President and CEO

Company: Portland General Electric Co.

Base Salary: $1,025,692

Bonus: N/A

Stock: $ 3,132,499

Stock Option: N/A

Non-Equity Incentive: $1,114,840

Change in Pension Value*: $49,384

Other Compensation: $85,940

Total Compensation: $5,408,355

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

7. Julia S. Janson

Position: Executive VP and CEO, Duke Energy Carolinas

Company: Duke Energy Corporation

Base Salary: $750,750

Bonus: N/A

Stock: $2,766,855

Stock Option: N/A

Non-Equity Incentive: $968,580

Change in Pension Value*: N/A

Other Compensation: $162,015

Total Compensation: $4,648,200

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

8. Maria Rigatti

Position: EIX EVP and CFO

Company: Edison International

Base Salary: $707,981

Bonus: N/A

Stock: $887,582

Stock Option: $887,504

Non-Equity Incentive: $783,840

Change in Pension Value*: $1,307,104

Other Compensation: $17,400

Total Compensation: $4,591,411

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

9. Diane Leopold

Position: Exec. Executive Vice President and Chief Operating Officer

Company: Dominion Energy Inc

Base Salary: $871,250

Bonus: N/A

Stock: $1,000,017

Stock Option: N/A

Non-Equity Incentive: $1,474,478

Change in Pension Value*: $1,150,204

Other Compensation: $79,824

Total Compensation: $4,575,773

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

10. Lisa M. Barton

Position: Executive VP and COO

Company: American Electric Power Company Inc.

Base Salary: $803,077

Bonus: N/A

Stock: $ 2,443,104

Stock Option: N/A

Non-Equity Incentive: $890,000

Change in Pension Value*: $165,173

Other Compensation: $88,143

Total Compensation: $4,389,497

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

11.Catherine Stempien

Position: President and CEO of Networks

Company: Avangrid, Inc.

Base Salary: $446,154

Bonus: $200,000

Stock: $2,960,650

Stock Option: N/A

Non-Equity Incentive: $414,398

Change in Pension Value*: N/A

Other Compensation: $62,147

Total Compensation: $4,083,349

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

12. Xia Liu

Position: Executive Vice President and CFO

Company: WEC Energy Group, Inc

Base Salary: $739,450

Bonus: N/A

Stock: $1,279,120

Stock Option: $499,356

Non-Equity Incentive: $1,174,535

Change in Pension Value*: $812

Other Compensation: $356,739

Total Compensation: $4,050,012

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

13.Tamara L. Linde

Position: EVP & General Counsel

Company: Public Service Enterprise Group

Base Salary: $657,800

Bonus: N/A

Stock: 3,823,832

Stock Option: N/A

Non-Equity Incentive: $897,900

Change in Pension Value*: $179,000

Other Compensation: $29,660

Total Compensation: $3,064,379

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

14. Julia A. Sloat

Position: EVP and Chief Financial Officer

Company: American Electric Power Company Inc.

Base Salary: $602,308

Bonus: N/A

Stock: $1,628,789

Stock Option: N/A

Non-Equity Incentive: $637,350

Change in Pension Value*: $76,622

Other Compensation: $58,042

Total Compensation: $3,003,111

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

15. Christine M. Carmody

Position: EVP - HR and IT

Company: Eversource Energy

Base Salary: $541,001

Bonus: N/A

Stock: $1,005,122

Stock Option: N/A

Non-Equity Incentive: $650,000

Change in Pension Value*: $645,323

Other Compensation: $19,983

Total Compensation: $2,861,429

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

16. Maria L. Lacal

Position: EVP, Chief Nuclear Officer

Company: Pinnacle West Capital Corp.

Base Salary: $600,000

Bonus: N/A

Stock: $839,352

Stock Option: N/A

Non-Equity Incentive: $796,545

Change in Pension Value*: $483,567

Other Compensation: $ 34,821

Total Compensation: $2,754,285

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

17. Margaret C. Kelsey

Position: EVP, General Counsel and Corporate Secretary

Company: WEC Energy Group Inc.

Base Salary: $579,232

Bonus: N/A

Stock: $712,544

Stock Option: $278,150

Non-Equity Incentive: $862,542

Change in Pension Value*: $858

Other Compensation: $160,981

Total Compensation: $2,594,307

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

18. Bethany M. Owen

Position: Chair, President and CEO

Company: Allete, Inc.

Base Salary: $644,132

Bonus: N/A

Stock: $757,908

Stock Option: N/A

Non-Equity Incentive: $637,131

Change in Pension Value*: $385,368

Other Compensation: $154,000

Total Compensation: $2,578,539

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

19. Violet G. Sistovaris

Position: EVP and Chief Experience Officer

Company: NiSource Inc

Base Salary: $512,500

Bonus: N/A

Stock: $1,448,508

Stock Option: N/A

Non-Equity Incentive: $475,000

Change in Pension Value*: $34,901

Other Compensation: $48,019

Total Compensation: $2,518,928

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

20. Lisa Krueger

Position: Executive Vice President

Company: AES Corporation

Base Salary: $500,000

Bonus: $1,284,039

Stock: N/A

Stock Option: N/A

Non-Equity Incentive: $600,000

Change in Pension Value*: N/A

Other Compensation: $69,884

Total Compensation: $2,453,923

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

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