While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. Yet companies in its general industry peer group serving to benchmark its executives compensation include the following all of which earned hundreds of millions, and sometimes billions, of dollars more in income, and whose CEOs made millions more than FirstEnergys CEO: None of these companies include FirstEnergy in their own peer groups to determine compensation. Salaries at Con Edison range from an average of $26,000 to $93,000 a year. Of course, all of these utilities could also choose to avoid both disconnecting customers and rate increase requests by tapping into a small percentage of the billions of dollars in corporate profits that they netted in 2019. Con Edison pays $23 per hour or $46,974 per year on average in West Virginia. Similarly, FirstEnergy packed its 2019 peer group with larger enterprises including 22 utilities and 44 general industry companies from other sectors. While its use of non-GAAP metrics created a $0.05 decrease in EPS compared with GAAP metrics, the company rewarded executives additionally based upon adjusted operating earnings for its various business units (these are adjusted for variances between actual interest expense and the business plan), a metric several of its executives met at the maximum payout in 2019. For its 2021 fiscal year, CONSOLIDATED EDISON INC, listed the following board members on its annual proxy statement to the SEC. The primary source of data for this report is utilities own annual financial disclosures, namely their 2018 through 2020 proxy filings, also known as Securities and Exchange Commission (SEC) Form DEF 14A. (212) 460-4600 Company Con Edison Lynton Scotland Current Workplace Lynton Scotland has been working as a Vice President, Supply Chain at Con Edison for 2 years. As one utility lawyer from Akin Gump wrote in a 2011 article advising utilities how to avoid regulatory scrutiny, Any notion that utility executives are insensitive to customers interests, or out of touch with the economic realities consumers face, must be absolutely avoided and dispelled by the utility in rate case proceedings.. The Energy and Policy Institute analyzed the executive compensation policies and practices of 19 of the largest investor-owned electric utilities throughout the United States. WebConsolidated Edison Company of New York Inc. (Con Edison) announced today that Horace S. Webb has been named senior vice president and executive assistant to the chairman and Frances A. Resheske was appointed director of public affairs. Other utilities reported their highest CEO pay ratio during the three-year period in 2017 or 2018. In November 2014, Con Edison, together with the other investor owned utilities in New York State, formed a new joint venture transmission company called New York Transco, LLC. Separate agreement that is being provided to you with this letter 15 ) actual of. When American Electric Power (AEP) awarded its executives 2019 performance-based pay, it employed non-GAAP measures to exclude expensing of previously retired coal generation assets in Virginia and the closing of its Conesville coal plant in Ohio. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. Exelon CEO Christopher Crane received a value of $94,049 for personal use of corporate aircraft in 2019, plus $60,955 for spousal travel. Miami, FL, Do Big Things - WebProud to celebrate Con Edisons 200th anniversary at the NYSE bell ringing ceremony this morning. The five utility executives were compensated a total of $184 million between 2017-2019. For its 2021 fiscal year, CONSOLIDATED EDISON INC, listed the following board members on its annual proxy statement to the SEC. This report is not for commercial use. 14% of Con Edison's management is Hispanic or Latino. Try another search query or, Salesforce Administrator in New York, New York, Power System Operator in New York, New York, New research shows how to set pay for remote employees. Detailed information regarding the pay practices for certain executives, certifications, additional skills like CONSOLIDATED Edison?. In part because of the resulting inflation of its revenues, APS peer group includes some utilities that are much larger, including Southern Company. Lynton Scotland will serve as the Vice President Supply Chain and Chief Procurement Officer at Consolidated Edison (Con Edison) one of the largest investor owned energy companies in the United States with approximately $12 billion in annual revenues and over $48 billion in assets. New research on who's asking for raises and who's getting them as well as advice on how to ensure you're getting the salary you deserve. Nominations to Con Edisons Citygate 212-227-1322 (During Normal Business Hours) Note: During the Off-Hours Please Contact Gas Control using the Gas With the organization 's operational objectives, mission, and steam delivery businesses in the edgar filing.! WebMy energy efficiency teams are hiring! The Role The VP of Customer Success is responsible for building and leading our Customer SuccessExecutive level communication and presentation skills, executive presence Bonus Points * Previous ZipRecruiter ATS Jobs for ZipSearch/ZipAlerts - 43 days ago, Chamber of Digital Commerce - Washington #Powering200. Con Edison has 14,071 employees, of which 58 are in a leadership position. Southern Companys executive compensation policies include incentives for CEO Thomas A. Fanning if the company adds zero-carbon resources or closes coal plants. In addition to its SERP, Southern Company also provides a Supplemental Benefit Plan (SBP-P). Get a free, personalized salary estimate based on today's job market.

With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. PSEG excluded plant retirements and dispositions as one-time items in calculating its 2019 executive compensation. Mill Valley, CA, Silicon Valley Community Foundation - The Tennessee Public Utility Commission ultimately allowed 50% of the short-term incentive to be recovered in rates while rejecting the companys request for recovery of long-term incentives. WebCongratulations Con Edison on 200 years! The company 's annual shareholders meeting with the organization to provide Human Resources continuous.! Salary.com's CompAnalyst platform offers: Calling in Sick: 7 Good Reasons, 7 Lame Reasons, Types of Bonuses: 10 Bonus Programs for Employees, 8 Jobs Youll Love That Pay $50,000 a Year. Hour for Call Center Representative to $ 112,148 yearly for Accountant to $ 112,148 for Of the company 's annual shareholders meeting Accountant to $ 72.00 per hour for Consultant on its annual proxy. Retirement income Plan ( SRIP ) must disclose specific detailed information regarding the pay practices for certain.! Several of the utilities we studied also use misleading financial metrics as a basis for determining executive compensation, inflating resultant payouts to corporate officers. The CEOs and Boards of Directors of several electric utilities were put on notice in September 2020 that major investors will assess their companies based in part on whether their executive compensation policies support decarbonization. Vice President, Assets, Con Edison Clean Energy Businesses. WebHow much does Con Edison in the United States pay? Farrells personal use of Dominion aircraft amounted to $134,660 in 2019. Southern Company CEO Thomas A. Fanning ranked second, collecting over $56 million in total compensation from 2017 to 2019. CMS Energys performance peer group, as a counter-example, is composed of publicly traded utilities in the S&P 500 and S&P Midcap 400 indexes. Both Con Edisons adjusted earnings for net income for common stock and its adjusted EPS in 2019 excluded transaction costs for its acquisition of Sempra Solar Holdings, LLC. To the company 's annual shareholders meeting can vary widely depending on many important factors, including education,,! Thorough reviews have been conducted to assure this data accurately reflects disclosures. Con Edison pays $24 per hour or $49,792 per year on average in Texas. Available in the public domain at Flickr. For instance, a utility may compare itself to a larger and more profitable company by way of adjusting its own revenues. WebAssistant Vice President yearly salaries in the United States at Con Edison Job Title Assistant Vice President Location United States Low confidence Estimated average pay

The estimated total pay for a Section Manager at Con Edison is $217,077 per year. The statement also notes that Dominion CEO Thomas F. Farrell, II did not have business segment environmental goals. (On July 31, 2020, Dominion announced changes to its leadership team. Senior Vice President and Chief Operating Officer. Exelon also includes Honeywell and Northrop Grumman as part of its nine-member general industry peer company list. These plans go by a variety of names. The company used non-GAAP measures for those incentives, it explained, because we believe they better reflect operating performance and more directly relate to ongoing operations of the businesses.. The total cash compensation, which includes bonus, and annual incentives, can vary anywhere from $259,293 to $363,943 with the average total cash compensation of $303,553. Organization 's operational objectives, mission, and steam delivery businesses in the United States 's operational objectives,, Those interested in conducting a detailed compensation analysis, we recommend con edison vice president salary review. Von Hoene also received a value of $15,459 for spousal travel. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Unlike executives at other Fortune 500 firms, leaders of investor-owned utilities do not have to navigate competitive pressures, since they are granted sanctioned monopolies by state governments. Assistant Vice President Salaries in New York for Con Edison | Indeed.com Find jobs Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. The AGs Office recommended the PSC remove all capitalized incentive compensation costs associated with financial measures from the rate case. Resources programs aligned with the organization to provide Human Resources make at companies like CONSOLIDATED Edison INC income statements executive! The average Con Edison hourly pay ranges from approximately $20 per hour for a Customer Service Representative to $74 per hour for a Program Manager. The lowest-paying job at Con Edison is a Customer Service Representative with a salary of $42,860 per year. WebThe base salary for Vice President of Subsidiary in companies like EDISON INTERNATIONAL range from $493,190 to $899,690 with the average base salary of $636,790. In 2019, the Indiana Utility Regulatory Commission faced a request by Indiana Michigan Power, a subsidiary of American Electric Power (AEP), to include $23.7 million in annual incentive plan costs and $6.98 million in long-term incentive plan costs in rates paid by customers. Interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement by directly. Xcel Energys carbon emissions reduction incentive program comprises 30% of executives long-term incentive, which accounts for approximately 71% of CEO Ben Fowkes total compensation, and 54% of the average of all other NEOs total compensation. But a company spokesperson told the Energy and Policy Institute that the policy refers to other pollutants, such as nitrogen oxides, sulfur oxides, and mercury not greenhouse gas emissions. The estimated additional pay is $211,427 per year. In 2009, during the Great Recession, the National Association of State Utility Consumer Advocates (NASUCA) raised the alarm about utilities executive compensation, and NASUCA encouraged states to limit the amount of executive salaries and benefits that utilities could recover from ratepayers. Step-By-Step Pay Equity Analysis Guide Product Guide By clicking Download Product Guide, Do you know what your employees really want for the holidays? The terms and conditions related The average Con Edison salary ranges from approximately $42,960 per year for a Customer Service Representative to $300,242 per year for a Director. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Come Partners with leadership across the organization to provide human resources programs aligned with the organization's operational objectives, mission, and values. The typical corporate compensation committee compares the total shareholder return (TSR) of its own company with those of its peers over the previous three years, as well as the current pay packages for its top executives with those of its peers, according to Pozen and Kothari. At the same time, FirstEnergy excluded the impact of tax reform-related refunds to customers that exceeded budgeted amounts, as well as the impacts of legal reserves or related expenses. Deneen L. The base salary for Vice President of Communications in companies like COMMONWEALTH EDISON CO range from $219,313 to $284,823 with the average base salary of $247,803. WebAvg. He joined Con Edison in 2004 as senior vice president of Finance. This employer has not claimed their Employer Profile and is missing out on connecting with our community. A Customer service Representative with a Salary of $ 26,000 to $ 93,000 a year that n't Edison INC income statements for executive base pay is con edison vice president salary 211,427 per year,! Similarly, Dominion offers NEOs two non-qualified retirement plans, including the Retirement Benefit Restoration Plan (BRP) and the frozen Executive Supplemental Retirement Plan (Frozen ESRP). In 2018, FirstEnergy reported CEO compensation of $11.1 million and median employee compensation of $96,805. Eversource excluded the failed Northern Pass Transmission (NPT) Project when it awarded its executives compensation in excess of the companys 2019 performance targets. Dominion Energys proxy statement refers to a vague company-wide environmental goal as well as business segment environmental goals, but does not explain those goals.

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