Utility Ceos Receive Hefty Rise in Compensation; but Industry Observers Say Other Factors, Including Rising Natural Gas Prices, Play Larger Role in Higher Rates

Summary

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Compensation of top executives at the four investor-owned utilities in eastern Wisconsin has risen significantly in recent years, at a time when ratepayers have been facing higher prices.

Since 1997, compensation of top executives at utilities based in Milwaukee, Green Bay and Madison has risen between 73% and 450%, according to an analysis prepared by an energy customers group, the Wisconsin Industrial Energy Group.

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Extract

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Utility Ceos Receive Hefty Rise in Compensation; but Industry Observers Say Other Factors, Including Rising Natural Gas Prices, Play Larger Role in Higher Rates

But the numbers are misleading because they compare 1997, a year in which utility executives received no bonuses, with last year, when utility profits and stock prices were up and executives did receive bonuses, Wisconsin Ener...

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