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Tuesday, May. 19, 2026

Did compensation for the CEO of Wisconsin’s largest utility company triple in five years to $12 million?

Tom Kertscher / Wisconsin Watch, Wisconsin Watch
no

The 2025 total compensation of WEC Energy Group CEO Scott Lauber was $12 million.

That’s down from the $18 million paid in 2020 to WEC’s then-CEO, Kevin Fletcher.

WEC, the largest Wisconsin-based utility company, is the parent company of We Energies and other electric and gas utilities in Wisconsin, Illinois, Michigan and Minnesota.

Former Wisconsin Lt. Gov. Mandela Barnes, one Democrat running for governor, said utility “CEO pay” had increased from $4 million to $12 million. His campaign said Barnes was referring to Lauber.

Lauber’s total compensation was $4 million in 2020. But he was senior executive vice president, not CEO.

Nationally, the average total compensation for utility CEOs in 2025 was $12 million, up 47% since 2017. The top earner was the CEO of Ohio-based American Electric Power, at $36 million. That $12 million, as a median, was the lowest among all industry sectors.

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