How Frenzel was paid
$16M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Incentive | Pension | Other | Total |
|---|---|---|---|---|---|---|
| Bob FrenzelChairman, President and CEO | $1,450,000 | $11,244,160 | $3,022,554 | $200,268 | $81,877 | $15,998,859 |
| Brian Van AbelEVP, Chief Financial Officer | $840,000 | $2,402,223 | $1,026,446 | $172,422 | $52,719 | $4,493,810 |
| Amanda RomeEVP, Group President, Utilities and Chief Customer Officer | $775,000 | $1,942,199 | $947,020 | $85,272 | $49,486 | $3,798,977 |
| Ryan LongEVP, Chief Legal and Compliance Officer | $556,458 | $1,282,555 | $646,920 | $50,267 | $26,533 | $2,562,733 |
| Michael LambEVP, Chief Delivery Officer | $556,667 | $1,154,347 | $508,718 | $371,463 | $46,464 | $2,637,659 |
| Tim O'ConnorFormer EVP, Chief Operations Officer | $513,333 | $1,737,781 | $624,036 | $260,362 | $29,753 | $3,165,265 |
What changed and why
- $16MCEO Bob Frenzel total compensation increased to $15,998,859 in 2025 compared to $12,932,063 in 2024.
- $11.2MStock awards for the CEO increased to $11,244,160 in 2025 from $10,000,015 previously.
- 99.98%The company achieved 99.98% electric reliability across its service area in 2025.
- $3.80Ongoing EPS grew to $3.80 in 2025 from $3.50 in 2024.
- The CEO to median employee pay ratio was established at 108:1 for the year.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.