Indiana water company cited for overpaying executives

Citizens Energy Group is under fire with utility regulators for raising its executives’ pay excessively

The Citizens Energy Group in Indiana has been cited by the Indiana Utility Regulatory Commission for overpaying its executives, and the Commission has launched a probe into the utility company’s business management practices.

According to the Indy Star, Citizens CEO Carey Lykins was in an unsavory spotlight in 2013 for his reported 2012 salary of $2.9 million, which was almost double his 2011 salary. Utility regulators summoned him to a public hearing to justify his salary, which he did, claiming it is a normal rate when compared to other utility executives. Regulators found his claims to be unfounded, and have since begun investigations into how Citizens Energy charges consumers and how it doles out executive pay.

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Juliana Kenny

Juliana Kenny is a contributor to, covering a range of topics including patent litigation, conflict mineral laws, executive compensation, and antitrust regulation. Juliana earned B.A.s...

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