Public Service Enterprise Group CEO Ralph Izzo's 2007 pay jumps 89% to $5.1M

Public Service Enterprise Group reports 2007 executive compensation

By ExecPay News

Published: March 5, 2008

Public Service Enterprise Group reported fiscal year 2007 executive compensation information on March 5, 2008.

In 2007, seven executives at Public Service Enterprise Group received on average a compensation package of $3M, a 2% increase compared to previous year.

Average pay of disclosed executives at Public Service Enterprise Group

Ralph Izzo, Chief Executive Officer, received $5.1M in total, which increased by 89% compared to 2006. 27% of Izzo's compensation, or $1.4M, was in stock awards. Izzo also received $100K in bonus, $664K of change in pension value and nonqualified deferred compensation earnings, $1.3M in non-equity incentive plan, $672K in option awards, $845K in salary, as well as $208K in other compensation.

William Levis, Chief Operating Officer, received a compensation package of $4.3M. 46% of the compensation package, or $2M, was of change in pension value and nonqualified deferred compensation earnings.

E. James Ferland, Chief Executive Officer, earned $3.7M in 2007, a 60% decrease compared to previous year.

Thomas M. O'Flynn, Chief Financial Officer, received $2.3M in 2007, which decreases by 1% compared to 2006.

R. Edwin Selover, General Counsel, earned $2.1M in 2007, a 17% increase compared to previous year.

Power R. Edwin Selover, General Counsel, received $2.1M in 2007, which increases by 17% compared to 2006.

Ralph A. LaRossa, Chief Operating Officer, earned $1.3M in 2007, a 76% increase compared to previous year.