A R 0

Tom May: Donate Your $1.3M Raise to Low-Income Energy Assistance

0 people have signed. Add your voice!
0%

Send a message to Eversource CEO Tom May who was awarded a $1.3M Raise while Some Customers are Awarded a 29 Percent Rate Hike.

He and Eversource should be ashamed to trade notions of sound financial stewardship of a utility company with the free-wheeling tactics of a Wall Street darling.

Energy costs have a very direct impact on individuals and families. The volatile changes in price expose the most vulnerable to significant impacts to limited budgets. Eversource should recognize that this can be debilitating to the elderly, the unemployed, and families with low income. Yet, you needn't be in any of those categories to feel the sting of these price hikes.

The simultaneous rewarding of the CEO with such an excessive sum amounts to a type of modern-day robber-baron tactic has no place in an organization that purports to have Corporate Social Responsibility as a mission objective.

The Boston Globe’s Jon Chesto reported May earned about $9 million in 2014—up from $7.7 million the year before.

Why did he get a raise?
“He has assembled one of the strongest management teams in the utility industry and is recognized for his strong management skills in that regard, therefore his compensation reflects that,” an Eversource spokesperson told the Globe.

In Connecticut, electric rates for Connecticut Light and Power (CL&P), a subsidiary of NU, jumped 26 percent in January. Meanwhile, NStar customers in Massachusetts started paying 29 percent more. Somehow, Eversource sees fit to ask for those rate increases while hiking May’s pay by an outrageous amount.

Eversource serves customers in Massachusetts, New Hampshire, and Connecticut.

This news comes on the heels of a multi-million dollar multi-media re-branding campaign to change the name from NStar to Eversource, a change that will add no value to customers but is funded by them.

While customers are told they are paying higher rates due to restricted supplies and infrastructure, it is hard, nay impossible, not to think some portion of their bill is also funding Tom May's massive treasure chest or the major ad dollars to tout the new name on radio, TV, web, and print.

Sign this petition to voice your objection and your disgust with this news. Compel Mr. May to act in accordance with principles of equitable fairness in the midst of the MOST difficult winter in Boston history when gas usage was especially critical.

If he and Eversource have any sense of respect for the dignity of their customers, he should make a gesture to affirm that and donate $1.3 million to aid the most vulnerable.

Share for Success

Comment

Signature

No signatures yet. Be the first one!