Hydro Other Hydro

Eliminate enormous salaries at Ontario Power Generation and Hydro One.

In progress
Jul 2018

Bill 2, Urgent Priorities Act, 2018

Legislative Assembly of Ontario July 25, 2018

Current status: Royal Assent received Chapter Number: S.O. 2018 C.10

SCHEDULE 1 Hydro One Accountability Act, 2018 The Schedule sets out the Hydro One Accountability Act, 2018. Constraints are placed on compensation for the directors, Chief Executive Officer and executives of Hydro One Limited and its subsidiaries. Hydro One Limited is required to annually make a public posting of the salaries paid to certain executives. The Ontario Energy Board Act, 1998 is amended to provide that the rates charged by Hydro One Limited and its subsidiaries shall not reflect amounts paid for executive compensation.

As far as I can tell, this only affects Hydro One salaries and not OPG.

Jul 2018

Ontario PCs' Urgent Priorities Act to address hydro salaries, York University strike

CTV News July 16, 2018

Ontario's new Progressive Conservative government has introduced legislation that, if passed, would give it sweeping new powers over executive compensation at Hydro One. The bill, dubbed the Urgent Priorities Act, was introduced today by Energy Minister Greg Rickford and would give the government authority to approve executive compensation at the utility. The act also requires the Hydro One board of directors to establish a new compensation framework for the CEO and board of directors in consultation with the province and the partially-privatized utility's five largest shareholders.