At a time when Ohio customers are facing higher energy costs, a new report says AEP CEO Bill Fehrman received $36.6 million in total compensation in 2025, making him the nation’s highest-paid utility executive. According to Columbus Navigator, the average Ohio worker would need about 550 years to earn what Fehrman made in a single year, based on federal wage data.

The issue is bigger than one paycheck. It is whether Ohio’s regulated utility system rewards value to customers or rewards utility growth, capital spending and shareholder returns while ratepayers absorb more risk.

“Ohio customers are being asked to pay more while utility executives are being rewarded like the system is working perfectly,” said Lindsey Short, managing director of energy and advocacy services for the Ohio Manufacturers’ Association. “That disconnect is exactly why Ohio needs stronger accountability, tougher scrutiny of utility spending and an energy system that puts customers ahead of shareholder returns.” 4/28/2026