CEOs of US’s top energy firms received average pay raise of $12.3m, review finds

Utility bills are up as much as 40% in some regions, and companies shut off power to customers 13m times in 2025

The US’s top utilities’ CEOs enjoyed a 16% pay raise last year – to an average of $12.3m – even as consumers shoulder the pain from high bills spurred by continuing inflation, the Iran war and datacenter growth, a new review of industry financial documents shows.

Utility bills are up as much as 40% in some regions since 2021, and, nationwide, utilities shut off power to customers 13m times last year, federal data shows.