Duke Energy’s coal ash spill into the Dan River cost its chief executive about $600,000 in pay last year, according to a securities filing Thursday.
CEO Lynn Good earned total compensation of $8.3 million in 2014, her first full year as chief executive, according to Duke’s annual proxy statement to shareholders.
That’s up about 28 percent from the $6.4 million Good earned in 2013. The jump is largely because the former chief financial officer was named CEO, with a higher salary, in mid-2013.
The Dan River spill and other coal ash issues have cost Duke $192 million so far, including a proposed $102 million to settle federal criminal charges.
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Top executives are sharing the pain. Short-term incentives for the top five officers were reduced by about 35 percent last year.
The $1.1 million Good earned in short-term incentives was down about $600,000 from the $1.7 million she would otherwise have earned. Other top executives’ incentive pay varied.
Eighty-five percent of Good’s pay is based on performance or stock awards.
Duke shareholders will meet for their annual meeting on May 7 in Charlotte.