TORONTO - Ontario’s energy minister says the government will take “any and all action necessary” if Hydro One doesn’t drastically cut its proposed CEO compensation, but the semi-private utility appears not to be budging. In a letter sent to Hydro One board chair Tom Woods on Wednesday, Energy Minister Greg Rickford says the provincial cabinet was “profoundly disappointed” by the utility’s proposed compensation framework. Ontario's Energy Minister Greg Rickford speaks as Labour Minister Laurie Scott looks on during a press conference at Queen's Park in Toronto on Monday, Dec. 17, 2018. Ontario's energy minister says the government will take "any and all action necessary" if Hydro One doesn't drastically cut its proposed CEO compensation, but the semi-private utility appears not to be budging. But on Thursday, the company released its proposed compensation framework to the public without the government’s requested cut to executive compensation.

Source: thestar February 15, 2019 00:39 UTC