In 2024, investor-owned utilities paid their chief executive officers a total of over $530 million, according to an analysis by the Energy and Policy Institute based on the latest proxy statements released by the companies. Of the 54 utilities examined, most increased the total executive compensation paid out in 2024 over the previous year’s levels. Among the companies where CEO compensation increased most dramatically were Richmond, Virginia-based Dominion Energy, where CEO Robert Blue’s payout jumped by over $6.6 million, and Dallas-based Atmos Energy, one of the nation’s largest gas distributors, where CEO Kevin Akers’ compensation increased by over $5.6 million.