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Mon, Oct 2nd, 2017, 03:17 PM #226
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Tue, Oct 3rd, 2017, 04:21 PM #227
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Announced today. Ontario Hydro has to cut $30 million from their budget in the next 2 years.
Ontario’s energy regulator has ordered Hydro One to cut $30 million over two years from its administrative budget, saying ratepayers shouldn’t foot the bill for higher pay for senior staff.
Last year, the CEO earned $4.5 million. Kathleen Wynne earned $208,974 (2016)
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Tue, Oct 17th, 2017, 12:20 PM #228
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Theprovince’s auditor checked out the hydro rate decrease. Turns out the hydrorate decrease is because they borrowed money. We are going to be paying thisback. For the next 30 years.
Premier Kathleen Wynne's move to reduce hydro bills in Ontario with an election looming goes under the auditor general's microscope today.
What the Ontario Liberal government calls its "Fair Hydro Plan" has brought down the average household electricity bill by 25 per cent from the peak it hit in the summer of 2016. The Wynne government has committed to keep rate increases below inflation for the next four years, but admits bills will rise significantly in the decade that follows.
- Wynne slashes hydro rates, but Ontarians will pay for it later
- How your hydro bill will rise over the next decade
Auditor General Bonnie Lysyk will reveal the results of her investigation Tuesday into how the rate cuts are financed, and whether the plan is fair for taxpayers and hydro customers
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Tue, Oct 17th, 2017, 01:30 PM #229
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When Premier McGuinty first had the 10% rate rebate on hydro bills, it was generally understood that that it was going to cost taxpayers in the long run (to pay back the money).
I may wish to see if I can get poll clerk or advance poll clerk work for the Ontario election.
Hydro One, you should find out what kind of $ you can get by selling the shiny mirrored HQ on College at University in Toronto.2021-Bring on the sunshine, sweets & online shopping.
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Tue, Oct 17th, 2017, 01:45 PM #230
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Tue, Oct 17th, 2017, 01:53 PM #231
my older son is sad that he can't vote in the next election, he turns 18 a month later. I guess if nothing else this current government has our kids paying attention.
I work a block away from Queens Park and weekly there is some sort of anti Wynne anti liberal protest going on.Friends don't let real friends pay full price.
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Tue, Oct 17th, 2017, 03:51 PM #232
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@lilo0003 , he may not be able to vote, but he can work during the election
must be a Canadian citizen; a resident of Ontario; and be at least 18 years of age
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Tue, Oct 17th, 2017, 06:19 PM #233
Auditor general blasts Kathleen Wynne's 'Fair Hydro Plan'
Liberals 'improperly' keeping hydro plan debt off government's books, says special report by Bonnie Lysyk
http://www.cbc.ca/news/canada/toront...ynne-1.4358168
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Wed, Oct 18th, 2017, 12:19 AM #234
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Thu, Mar 29th, 2018, 02:15 PM #235
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Tue, May 15th, 2018, 06:27 PM #236
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The board of Ontario Hydro
- gave themselves a 25% raise this week
- work part time
The chair now makes ~$125000/year
The other board members make ~$80000
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Tue, May 15th, 2018, 06:38 PM #237
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Tue, May 15th, 2018, 06:41 PM #238
march 30 2017:
http://www.cbc.ca/news/canada/sudbur...-one-1.4047562
Ontario's energy minister says despite repeated questions in the legislature about the salary of the CEO of Hydro One, the millions being paid in compensation has no effect on people's energy bills.
"The rates are set by the Ontario Energy Board, they're not set by the company," Glenn Thibeault said.
"The salary of the CEO has nothing to do with the rates that we're seeing on our bills."
- ANALYSIS: Why hydro bills are so high in Ontario
- Hydro at the forefront of Queen's Park question period: Robert Fisher
Mayo Schmidt, the CEO of Hydro One took home more than $4.85 million last year in salary and benefits. The combined five-person executive made a total of $11 million.
Ontario Energy Minister, Glenn Thibeault says the multi-million dollar salary of Hydro One's CEO has no effect on people's hydro bills. (Peter Power/Canadian Press)
"If we were to take all the salaries out, it still wouldn't even take one full cent off of everyone's bills," Thibeault said.
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Mon, May 21st, 2018, 10:26 AM #239
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so learned yesterday that ON still owns 40% of ON Hydro
WE own 40% of ON Hydro
so this means that the Liberal government could have gone to the vote, where the Board give themselve a raise
Did the Liberal government go and vote against the Board's raise?
No!
They abstained from the vote. Huh?
They had the chance to stop this and they decided not to get involved this time.
Huh?
All ON SCs, please, please vote! You can even vote this week at the special early voting locations. Across the province!
BTW, voted on Saturday. Took 5 minutes
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Tue, May 22nd, 2018, 03:48 PM #240
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There was an excellent editorial cartoon that went with commentary about Hydro One's pay raise in the Hamilton Spectator. https://www.thespec.com/opinion-stor...artoon-may-22/
Hydro One remains a hot-button election issue-farmers have their beef with time-of-use rates when they have to run machines for a day or more to process crops, etc.
http://torontosun.com/news/provincia...-one-oversightLast edited by Ciel; Thu, May 24th, 2018 at 01:31 PM. Reason: corrected cartoon source reference
2021-Bring on the sunshine, sweets & online shopping.
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