The head of Hydro One makes double the salary of his next highest-paid provincial counterpart, and 10 times that of some CEOs in smaller provinces. At $4.4 million in salary and bonuses in 2016, Hydro One CEO Mayo Schmidt is well above the Alberta CEO, whose pay package topped out at $2.2 million in 2015. On Wednesday, Ontario PC Leader Patrick Brown said if elected, he would clamp down on salaries at Hydro One and electricity producer Ontario Power Generation, through legislative or policy changes, though he was not specific. “It’s time to stop rewarding the people who are presiding over the Wynne Liberal hydro rip-off,” Brown said in a written statement. “These are the same people who have presided over a system that has tripled our hydro bills since 2003.”In a statement to the Star, Energy Minister Glenn Thibeault said the “government recognizes that every dollar of public money should be spent with good intention and thorough consideration — both need to be taken into account whenever proposing salaries.

Source: thestar July 12, 2017 22:41 UTC