Duke Energy CEO getting pay raise year after coal ash spill

Duke Energy CEO Lynn Good (Photo: duke-energy.com)

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 Monday in a regulatory filing that its board of directors approved raising Good’s annual salary by $50,000 to more than $1.2 million. The directors also approved bigger boosts in incentives, potentially pushing her annual compensation to $10.5 million a year.

- Advertisement -

Good previously topped out at about $8 million a year if she met short- and long-term goals.

Duke Energy directors docked Good’s pay about $600,000 in 2014, the year of the spill. Company directors said that was because the spill will cost $192 million in cleanup, legal fees, and fines to settle a criminal case.

(Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)