Duke Energy CEO getting pay raise year after coal ash spill

(Charlotte Observer) Duke Energy Corp. CEO Lynn Good is getting a raise a year after the country’s largest electric company confronted a coal ash spill that coated 70 miles of a North Carolina river in sludge containing toxic heavy metals, the company said in a regulatory filing Monday. Duke Energy’s board of directors approved raising Good’s annual salary by $50,000 to more than $1.2 million, the only part of her pay package that’s guaranteed. Bigger boosts in incentives could push her potential annual compensation to $10.5 million a year, the company said in a filing with the Securities and Exchange Commission. Good previously topped out at about $8 million a year if she met short- and long-term goals. “Her performance has been exemplary and the board is pleased with her leadership,” the company said in a prepared statement.

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