Top 10 Biggest Raises in 2010 for Energy CEOs: SNL Energy Releases CEO Compensation List, Showing Which Industry Leaders Got the Biggest Bumps to Their Pay

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As energy prices continue to rise, find out which power and gas utility companies gave their CEOs raises by the MILLIONS. New SNL Financial report names names and ranks the top 10 energy CEOs by biggest raises in compensation from 2009 to 2010.

SNL Energy's Top 10 Power and Gas Utility CEOs Ranked by $ Increase in Compensation from 2009 to 2010

1. Dominion Resources, Inc.'s Thomas F. Farrell II with a $4,571,772 raise from 2009 for total 2010 compensation of $14,953,536.

2. Westar Energy, Inc.'s William B. Moore with a $4,196,047 raise from 2009 for a total 2010 compensation of $5,286,672.

3. Southern Co.'s Thomas A. Fanning with a $3,405,352 raise from 2009 for total 2010 compensation of $11,464,456.

4. Covanta Holding Corp.'s Anthony J. Orlando with a $3,355,150 raise in 2009 for a total 2010 compensation of $5,634,348.

5. Hawaiian Electric Industries, Inc.'s Constance H. Lau with a $3,053,654 raise in 2009 for a total 2010 compensation of $5,119,092.

6. Duke Energy Corp.'s James E. Rogers with a $1,960,538 raise in 2009 for a total 2010 compensation of $8,462,892.

7. Edison International's Theodore F. Craver Jr. with a $1,907,519 raise in 2009 for a total 2010 compensation of $7,435,907.

8. FirstEnergy Corp.'s Anthony J. Alexander with a $1,763,389 raise in 2009 for a total 2010 compensation of $8,744,651.

9. American Electric Power Co., Inc.'s Michael G. Morris with a $1,591,558 raise in 2009 for a total 2010 compensation of $8,684,346.

10. Alliant Energy Corp.'s William Douglas Harvey with a 1,565,364 raise in 2009 for a total 2010 compensation of $4,750,861.

  • All listings represent the sum of cash equivalent comp, stock awards, option awards, and non-equity incentive plan compensation. Changes to pension benefits were excluded from total comp. All stock and option awards are taken at grant date fair value.

Only companies with the same CEO for 2009 and 2010 for which compensation data represents the entirety of those years was included.

Source: SNL Energy

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