NEWS: Utility CEOs could see a massive payout from the grid revamp.

$1T: That’s how much utilities are set to spend over the next decade to upgrade and repair the grid. This increased spending boosts the value of publicly traded utilities. 

Hence, $1B: That’s how much the CEOs of the 15 largest US power companies could rake in (in combined stock-based pay), according to a Reuters analysis. The average payout sits around $66M. Vistra CEO James Burke could pull in $100M, followed by the leaders at Constellation, NextEra, and Entergy. 

What about customers? Utilities remain adamant that customers aren’t the ones paying CEO salaries (for the most part).