Five FPL execs earned more than $1 million in 2008; one earned $7.5 million-plusby Dara Kam | October 21st, 2009
Five Florida Power & Light Co. executives brought in more than $1 million in 2008, an FPL official testified today.
FPL Director of Compensation Kathleen Slattery told the Public Service Commission that three of the utility’s highest paid executives earned $3 million each that year and paid its top earner $10 million, $7.5 million of which was picked up by FPL.
FPL’s proposed $1.3 billion rate hike case started back up this morning, the same day the Juno Beach-based utility took out three-quarter page ads in The Palm Beach Post and the South Florida Sun-Sentinel.
“In January, the lowest bill in the state will go even lower,” the headline on the advertisements reads.
Below that, a bar chart shows residential rates for a 1000 kilowatt hour bill for 32 companies.
The ad shows FPL’s projected December bill as the lowest at $110.72, and dipping lower to $101.76 in January 2010.