AGTC Advisory Services, Inc.

20 Highest-Paid Male Executives in the US Electric Utilities Industry - 2021

Posted on December 10, 2022 by Antoine Eustache, Ph.D., DBA
In 2021, the top 20 male utility executives had a total salary of more than $355 million, amounting to 37% of all Named Executive Officers' combined salaries. 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. David J. Lesar

Position: President and CEO

Company: CenterPoint Energy Inc.

Base Salary: $1,425,000

Bonus: N/A

Stock: $33,359,999

Stock Option: N/A

Non-Equity Incentive: $2,116,125

Change in Pension Value*: N/A

Other Compensation: $908,686

Total Compensation: $37,809,810

* includes Nonqualified Deferred Compensation Earnings

No Data Found

2. Milton Carroll

Position: Former Executive Chairman

Company: CenterPoint Energy Inc.

Base Salary: $555,582

Bonus: N/A

Stock: $3,175,497

Stock Option: N/A

Non-Equity Incentive: $353,949

Change in Pension Value*: 95,375

Other Compensation: $28,078,976

Total Compensation: $32,259,379

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

3. James L. Robo

Position: Chairman, President and CEO

Company: NextEra Energy Inc.

Base Salary: $1,560,000

Bonus: N/A

Stock: $14,166,104

Stock Option: $3,225,000

Non-Equity Incentive: $4,992,000

Change in Pension Value*: 1,023,668

Other Compensation: $369,164

Total Compensation: $25,335,936

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

4. Jeffrey W. Martin

Position: Chairman, CEO and President

Company: Sempra Energy

Base Salary: $ 1,350,000

Bonus: N/A

Stock: $6,083,529

Stock Option: $2,833,344

Non-Equity Incentive: $3,952,300

Change in Pension Value*: $9,954,196

Other Compensation: $502,613

Total Compensation: $24,675,982

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

5. Thomas A. Fanning

Position: Chairman, President and CEO

Company: Southern Company

Base Salary: $1,582,692

Bonus: N/A

Stock: $14,902,407

Stock Option: N/A

Non-Equity Incentive: $2,842,400

Change in Pension Value*: 1,689,005

Other Compensation: $227,055

Total Compensation: $21,243,559

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

6. J. Kevin Fletcher

Position: President and CEO

Company: WEC Energy Group Inc

Base Salary: $1,102,727

Bonus: N/A

Stock: $ 2,331,500

Stock Option: $910,166

Non-Equity Incentive: $ 2,846,308

Change in Pension Value*: $11,157,354

Other Compensation: $133,816

Total Compensation: $18,481,871

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

7. Leo P. Denault

Position: Chairman of the Board and CEO

Company: Entergy Corporation

Base Salary: $1,289,538

Bonus: N/A

Stock: $7,383,591

Stock Option: $1,602,462

Non-Equity Incentive: $2,457,000

Change in Pension Value*: $4,178,300

Other Compensation: $134,853

Total Compensation: $17,045,744

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

8. Christopher Crane

Position: President and CEO

Company: Exelon Corporation

Base Salary: $1,303,595

Bonus: N/A

Stock: $11,000,019

Stock Option: N/A

Non-Equity Incentive: $2,169,124

Change in Pension Value*: $1,071,663

Other Compensation: $212977

Total Compensation: $15,757,378

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

9. Eric E. Silagy

Position:President and CEO of FPL

Company: NextEra Energy Inc.

Base Salary: $1,400,000

Bonus: N/A

Stock: $10,517,092

Stock Option: $983,999

Non-Equity Incentive: $1,960,000

Change in Pension Value*: $472,129

Other Compensation: $220,744

Total Compensation: $15,553,964

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

10. John W. Ketchum

Position: President and CEO of NextEra Energy Resources

Company: NextEra Energy Inc.

Base Salary: $1,400,000

Bonus: N/A

Stock: $10,517,014

Stock Option: $983,999

Non-Equity Incentive: $1,960,000

Change in Pension Value*: $421,019

Other Compensation: $225,121

Total Compensation: $15,507,153

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

11. Nicholas K. Akins

Position: Chairman of the Board and CEO

Company: American Electric Power Company Inc.

Base Salary: $ 1,515,808

Bonus: N/A

Stock: $ 9,976,149

Stock Option: N/A

Non-Equity Incentive: $2,850,000

Change in Pension Value*: $461,732

Other Compensation: $247,526

Total Compensation: $15,051,215

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

12. Andrés Gluski

Position: President and CEO

Company: AES Corporation

Base Salary: $1,241,000

Bonus: $10,623,105

Stock: N/A

Stock Option: N/A

Non-Equity Incentive: $2,233,800

Change in Pension Value*:N/A

Other Compensation: $281,285

Total Compensation: $14,379,190

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

13. Pedro J. Pizarro

Position: President and CEO

Company: Edison International

Base Salary: $1,325,249

Bonus: N/A

Stock: 3,823,832

Stock Option: $3,823,755

Non-Equity Incentive: $2,074,800

Change in Pension Value*: $3,289,304

Other Compensation: $27,400

Total Compensation: $14,364,340

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

14. Ralph Izzo

Position: Chairman, President & CEO

Company: Public Service Enterprise Group

Base Salary: $1,421,400

Bonus: N/A

Stock: $9,100,065

Stock Option: N/A

Non-Equity Incentive: $3,621,700

Change in Pension Value*: N/A

Other Compensation: $65,509

Total Compensation: $14,208,674

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

15. Dennis Arriola

Position: Former Chief Executive Officer

Company: Avangrid, Inc.

Base Salary: $ 1,100,000

Bonus: $1,000,000

Stock: $ 9,992,825

Stock Option: N/A

Non-Equity Incentive: $1,436,600

Change in Pension Value*: N/A

Other Compensation: $370,138

Total Compensation: $13,899,563

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

16. Thomas F. Farrell

Position: Former Executive Chairman

Company: Dominion Energy Inc

Base Salary: $309,090

Bonus: N/A

Stock: $2,500,006

Stock Option: N/A

Non-Equity Incentive: $9,824,608

Change in Pension Value*: N/A

Other Compensation: $196,028

Total Compensation: $12,829,732

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

17. Ben Fowke

Position: Former Chairman and CEO

Company: Xcel Energy Inc.

Base Salary: $1,350,000

Bonus: N/A

Stock: $9,000,016

Stock Option: N/A

Non-Equity Incentive: $1,794,177

Change in Pension Value*: $511,468

Other Compensation: $ 129,781

Total Compensation: $12,785,442

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

18. Vincent Sorgi

Position: President and CEO

Company: PPL Corporation

Base Salary: $1,132,492

Bonus: N/A

Stock: $5,111,866

Stock Option: N/A

Non-Equity Incentive: $2,654,619

Change in Pension Value*: $2,361,092

Other Compensation: $96,412

Total Compensation: $11,356,481

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

19. David A. Campbell

Position: President and CEO

Company: Evergy Inc.

Base Salary: $980,769

Bonus: $1,250,000

Stock: $7,306,661

Stock Option: N/A

Non-Equity Incentive: $1,487,500

Change in Pension Value*: N/A

Other Compensation: $ 113,152

Total Compensation: $ 11,138,082

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

20. Gerardo Norcia

Position: President and CEO

Company: DTE Energy Company

Base Salary: $1,276,923

Bonus: N/A

Stock: $7,306,661

Stock Option: N/A

Non-Equity Incentive: $2,032,700

Change in Pension Value*: $1,073,599

Other Compensation: $220,076

Total Compensation: $11,128,277

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

20 Highest-Paid Male Executives in the US Electric Utilities Industry – 2021 – AGTC Advisory Services, Inc.

20 Highest-Paid Male Executives in the US Electric Utilities Industry – 2021

In 2021, the top 20 male utility executives had a total salary of more than $355 million, amounting to 37% of all Named Executive Officers' combined salaries. 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. David J. Lesar

Position: President and CEO

Company: CenterPoint Energy Inc.

Base Salary: $1,425,000

Bonus: N/A

Stock: $33,359,999

Stock Option: N/A

Non-Equity Incentive: $2,116,125

Change in Pension Value*: N/A

Other Compensation: $908,686

Total Compensation: $37,809,810

* includes Nonqualified Deferred Compensation Earnings

No Data Found

2. Milton Carroll

Position: Former Executive Chairman

Company: CenterPoint Energy Inc.

Base Salary: $555,582

Bonus: N/A

Stock: $3,175,497

Stock Option: N/A

Non-Equity Incentive: $353,949

Change in Pension Value*: 95,375

Other Compensation: $28,078,976

Total Compensation: $32,259,379

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

3. James L. Robo

Position: Chairman, President and CEO

Company: NextEra Energy Inc.

Base Salary: $1,560,000

Bonus: N/A

Stock: $14,166,104

Stock Option: $3,225,000

Non-Equity Incentive: $4,992,000

Change in Pension Value*: 1,023,668

Other Compensation: $369,164

Total Compensation: $25,335,936

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

4. Jeffrey W. Martin

Position: Chairman, CEO and President

Company: Sempra Energy

Base Salary: $ 1,350,000

Bonus: N/A

Stock: $6,083,529

Stock Option: $2,833,344

Non-Equity Incentive: $3,952,300

Change in Pension Value*: $9,954,196

Other Compensation: $502,613

Total Compensation: $24,675,982

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

5. Thomas A. Fanning

Position: Chairman, President and CEO

Company: Southern Company

Base Salary: $1,582,692

Bonus: N/A

Stock: $14,902,407

Stock Option: N/A

Non-Equity Incentive: $2,842,400

Change in Pension Value*: 1,689,005

Other Compensation: $227,055

Total Compensation: $21,243,559

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

6. J. Kevin Fletcher

Position: President and CEO

Company: WEC Energy Group Inc

Base Salary: $1,102,727

Bonus: N/A

Stock: $ 2,331,500

Stock Option: $910,166

Non-Equity Incentive: $ 2,846,308

Change in Pension Value*: $11,157,354

Other Compensation: $133,816

Total Compensation: $18,481,871

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

7. Leo P. Denault

Position: Chairman of the Board and CEO

Company: Entergy Corporation

Base Salary: $1,289,538

Bonus: N/A

Stock: $7,383,591

Stock Option: $1,602,462

Non-Equity Incentive: $2,457,000

Change in Pension Value*: $4,178,300

Other Compensation: $134,853

Total Compensation: $17,045,744

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

8. Christopher Crane

Position: President and CEO

Company: Exelon Corporation

Base Salary: $1,303,595

Bonus: N/A

Stock: $11,000,019

Stock Option: N/A

Non-Equity Incentive: $2,169,124

Change in Pension Value*: $1,071,663

Other Compensation: $212977

Total Compensation: $15,757,378

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

9. Eric E. Silagy

Position:President and CEO of FPL

Company: NextEra Energy Inc.

Base Salary: $1,400,000

Bonus: N/A

Stock: $10,517,092

Stock Option: $983,999

Non-Equity Incentive: $1,960,000

Change in Pension Value*: $472,129

Other Compensation: $220,744

Total Compensation: $15,553,964

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

10. John W. Ketchum

Position: President and CEO of NextEra Energy Resources

Company: NextEra Energy Inc.

Base Salary: $1,400,000

Bonus: N/A

Stock: $10,517,014

Stock Option: $983,999

Non-Equity Incentive: $1,960,000

Change in Pension Value*: $421,019

Other Compensation: $225,121

Total Compensation: $15,507,153

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

11. Nicholas K. Akins

Position: Chairman of the Board and CEO

Company: American Electric Power Company Inc.

Base Salary: $ 1,515,808

Bonus: N/A

Stock: $ 9,976,149

Stock Option: N/A

Non-Equity Incentive: $2,850,000

Change in Pension Value*: $461,732

Other Compensation: $247,526

Total Compensation: $15,051,215

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

12. Andrés Gluski

Position: President and CEO

Company: AES Corporation

Base Salary: $1,241,000

Bonus: $10,623,105

Stock: N/A

Stock Option: N/A

Non-Equity Incentive: $2,233,800

Change in Pension Value*:N/A

Other Compensation: $281,285

Total Compensation: $14,379,190

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

13. Pedro J. Pizarro

Position: President and CEO

Company: Edison International

Base Salary: $1,325,249

Bonus: N/A

Stock: 3,823,832

Stock Option: $3,823,755

Non-Equity Incentive: $2,074,800

Change in Pension Value*: $3,289,304

Other Compensation: $27,400

Total Compensation: $14,364,340

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

14. Ralph Izzo

Position: Chairman, President & CEO

Company: Public Service Enterprise Group

Base Salary: $1,421,400

Bonus: N/A

Stock: $9,100,065

Stock Option: N/A

Non-Equity Incentive: $3,621,700

Change in Pension Value*: N/A

Other Compensation: $65,509

Total Compensation: $14,208,674

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

15. Dennis Arriola

Position: Former Chief Executive Officer

Company: Avangrid, Inc.

Base Salary: $ 1,100,000

Bonus: $1,000,000

Stock: $ 9,992,825

Stock Option: N/A

Non-Equity Incentive: $1,436,600

Change in Pension Value*: N/A

Other Compensation: $370,138

Total Compensation: $13,899,563

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

16. Thomas F. Farrell

Position: Former Executive Chairman

Company: Dominion Energy Inc

Base Salary: $309,090

Bonus: N/A

Stock: $2,500,006

Stock Option: N/A

Non-Equity Incentive: $9,824,608

Change in Pension Value*: N/A

Other Compensation: $196,028

Total Compensation: $12,829,732

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

17. Ben Fowke

Position: Former Chairman and CEO

Company: Xcel Energy Inc.

Base Salary: $1,350,000

Bonus: N/A

Stock: $9,000,016

Stock Option: N/A

Non-Equity Incentive: $1,794,177

Change in Pension Value*: $511,468

Other Compensation: $ 129,781

Total Compensation: $12,785,442

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

18. Vincent Sorgi

Position: President and CEO

Company: PPL Corporation

Base Salary: $1,132,492

Bonus: N/A

Stock: $5,111,866

Stock Option: N/A

Non-Equity Incentive: $2,654,619

Change in Pension Value*: $2,361,092

Other Compensation: $96,412

Total Compensation: $11,356,481

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

19. David A. Campbell

Position: President and CEO

Company: Evergy Inc.

Base Salary: $980,769

Bonus: $1,250,000

Stock: $7,306,661

Stock Option: N/A

Non-Equity Incentive: $1,487,500

Change in Pension Value*: N/A

Other Compensation: $ 113,152

Total Compensation: $ 11,138,082

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

20. Gerardo Norcia

Position: President and CEO

Company: DTE Energy Company

Base Salary: $1,276,923

Bonus: N/A

Stock: $7,306,661

Stock Option: N/A

Non-Equity Incentive: $2,032,700

Change in Pension Value*: $1,073,599

Other Compensation: $220,076

Total Compensation: $11,128,277

* Includes Nonqualified Deferred Compensation Earnings

No Data Found

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