A thread: how many customers who are struggling to pay their electric bills during COVID could be given relief if electric utility CEOs took modest paycuts, still leaving them with millions in pay every year.

Data based on regulatory filings. More here: https://www.energyandpolicy.org/utilities-executive-compensation-analysis/#misalingment-with-decarbonization

If Southern Co CEO Tom Fanning took a 32% cut from his 2019 payday – still leaving him with $19 million – Southern could use the savings to immediately wipe out the debt of all 74,006 Georgia Power customer that were over 90 days in arrears on their bills at end of July.

(Instead, Georgia Power disconnected 13,000 customers in the second half July, starting when regulators allowed a state moratorium on disconnections to expire on the 14th.)

If NextEra’s Jim Robo took a 50% cut from his 2019 compensation – still allowing him to take home over $10 million – subsidiary Florida Power & Light could have wiped out the debt of 43,581 who were in arrears as of the end of June.

Duke Energy CEO Lynn Good could take a 50% cut from her 2019 compensation – still earning over $7.5 million – & Duke could use the money to wipe out the debt of 28,163 residential Duke Energy customers in the Carolinas who were considered past due on their bills at end of July.

DTE Energy could use half the compensation that it paid former CEO Gerard M. Anderson in 2019 – leaving over $6 million for CEO compensation – and use that to cover the arrearages of 6,768 senior and low-income customers who were 90+ days late on their payments as of August 16.