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Energy and Resources Duke Energy CEO’s pay drops to $14-million after major 2017 raise

Duke Energy Corp. CEO Lynn Good’s reported compensation is down to $14 million after a big raise in 2017 put her at more than $21 million.

The Charlotte-based electricity and gas utility disclosed Good’s compensation Thursday in its proxy statement released ahead of the annual shareholders meeting in May.

The proxy shows Good’s pay was only about 1 per cent higher last year than it was in 2016 after her big 2017 increase.

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Duke directors who compare executive pay with similar companies wrote that Good’s compensation wasn’t increased in 2018 because it’s now competitive. They say Good was paid significantly less than her peers when she became CEO in 2013.

The report says Good’s 2018 compensation was 119 times greater than the median Duke Energy employee, who earned $117,000 last year.

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