CenterPoint Energy CEO gets huge pay hike while firm seeks higher rates

CenterPoint at crossroads as David Lesar takes reins as CEO


A report by the energy watchdog group, Energy and Policy Institute shows CenterPoint, a company that offers services in Oklahoma and Arkansas, more than tripled the compensation it paid CEO David Lesar from 2020 to 2021.

CenterPoint Energy paid its CEO a total of $37.8 million last year, far exceeding executive pay at peer companies while it sought massive rate hikes for customers already struggling to keep up with skyrocketing utility bills.

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