| Duke Energy CEO getting pay raise year after coal ash spill | |
| | |
|
RALEIGH, N.C. (AP) -- Duke Energy Corp. CEO Lynn Good is getting a raise a year after the country's largest electric company confronted a coal ash spill that coated 70 miles of a North Carolina river in sludge containing toxic heavy metals, the company said in a regulatory filing Monday. Duke Energy's board of directors approved raising Good's annual salary by $50,000 to more than $1.2 million, the only part of her pay package that's guaranteed. Bigger boosts in incentives could push her potential annual compensation to $10.5 million a year, the company said in a filing with the Securities and Exchange Commission. Good previously topped out at about $8 million a year if she met short- and long-term goals. "Her performance has been exemplary and the board is pleased with her leadership," the company said in a prepared statement. Duke Energy disclosed in March that its directors had docked Good's pay about $600,000 in 2014, the year the spill happened, because the spill was expected to cost $192 million in cleanup, legal fees, and fines to settle a criminal case involving Clean Water Act violations. That reduction "was not a factor in the board's decision to increase her compensation," the company said. The company said it spent about $20 million to clean up the Dan River after a pipe under a coal ash pit broke in February 2014. About $70 million more went to consulting, engineering, legal and other costs in the aftermath, the company said. |
|
|
Duke Energy
|
|
|
CODE : DUK |
ISIN : US26441C2044 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Duke Energy is a and oil producing company based in United states of america. Duke Energy is listed in United States of America. Its market capitalisation is US$ 69.3 billions as of today (€ 64.7 billions). Its stock quote reached its lowest recent point on May 02, 2003 at US$ 10.00, and its highest recent level on February 17, 2023 at US$ 99.99. Duke Energy has 700 299 523 shares outstanding. |