April 24, 2025

Dominion CEO Pay Increased $6.6 Million in 2024 as Virginians’ Electric Bills Soared

FOR IMMEDIATE RELEASE

Contact:
Kendl Kobbervig, Clean Virginia Communications Director
[email protected] | (608) 575-8798

April 24, 2025

NEW REPORT: Dominion CEO Pay Increased $6.6 Million in 2024 as Virginians’ Electric Bills Soared

Charlottesville, VA — While Virginians faced the worst stretch of the inflation crisis and struggled to pay increasing electricity bills, Dominion Energy CEO Robert Blue received a $12.9 million compensation package in 2024 — a staggering $6.6 million increase from the previous year, according to a new report from the Energy and Policy Institute. The report examined 54 utilities across the country and found that Dominion was “among the companies where CEO compensation increased most dramatically,” with Blue among the highest paid utility executives in the nation last year.

“Dominion’s executive windfall is a symptom of a broken utility system that prioritizes corporate profits over public need,” said Brennan Gilmore, Executive Director of Clean Virginia. “Dominion’s CEO is handed a premium for rewarding the company’s shareholders, not responding to the needs of its captive customers. Virginians deserve better than a monopoly that enriches its CEO while families struggle to keep the lights on.”

Key points:

  • Dominion CEO Robert Blue received $12.9 million in total compensation in 2024, a $6.6 million increase from the previous year.
  • Dominion is proposing to raise average monthly bills by $21 over the next two years. Over the next 15 years, Virginians’ energy bills are projected to rise by as much as 50%, largely driven by the growing demand from the data center industry.
  • State assistance energy programs reach only 23% of eligible families and cover just 29% of heating costs, leaving many without support. In 2023, the Virginia Department of Social Services found that 65% of low-income households had to choose between paying for groceries, medicine and their utility bills.
  • In 2024, executive compensation across 54 major utilities totaled more than $530 million. Since 2017, investor-owned utility CEOs have raked in over $4 billion.

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Clean Virginia is an independent advocacy organization with an associated Political Action Committee, Clean Virginia Fund. Clean Virginia works to end utility monopoly corruption in politics and to promote clean, affordable energy and a government that works for all Virginians.