OPG ex­ec­u­tives in line for big raises

On­tario Power Gen­er­a­tion has landed on a max­i­mum salary of $3.8 mil­lion for its CEO

The Hamilton Spectator - - CANADA & WORLD -

TORONTO — On­tario Power Gen­er­a­tion says salaries for its ex­ec­u­tives are ex­pected to rise by up to $8 mil­lion in the next few years as the pro­vin­cial gov­ern­ment lifts a pub­lic-sec­tor wage freeze.

Mean­while, tran­sit agency Metrolinx is propos­ing to boost its CEO’s pay by up to $118,000, which would see him earn a max­i­mum of $479,500.

All broader pub­lic sec­tor agen­cies are be­ing tasked with post­ing their pro­pos­als for new ex­ec­u­tive com­pen­sa­tion pack­ages un­der guide­lines that came into force in Septem­ber.

The gov­ern­ment sent col­leges back to the draw­ing board af­ter con­cerns were raised about the salary com­para­tors that they were us­ing for pro­pos­als that would boost pres­i­dents’ salaries by up to 50 per cent.

OPG landed on a max­i­mum salary of $3.8 mil­lion for its CEO — who cur­rently earns $1.5 mil­lion — though it says it is set­ting the tar­get sig­nif­i­cantly lower.

Spokesper­son Neal Kelly says the CEO’s salary will ac­tu­ally re­main un­changed for three years, but the other ap­prox­i­mately 80 ex­ec­u­tives will now be el­i­gi­ble for merit pay, and when the new pro­gram is fully im­ple­mented in 2019, that’s ex­pected to cost an ex­tra $6 mil­lion to $8 mil­lion an­nu­ally.

OPG, which op­er­ates two nu­clear sites, was granted per­mis­sion by the gov­ern­ment to use pri­vate-sec­tor com­para­tors, as the size and scope of its op­er­a­tions are “more com­plex than those of many other pub­lic sec­tor or­ga­ni­za­tions in Canada” and it has pri­mar­ily re­cruited its ex­ec­u­tives from the pri­vate sec­tor.

A spokesper­son for En­ergy Min­is­ter Glenn Thibeault said the safe op­er­a­tion of On­tario’s large nu­clear gen­er­at­ing sta­tions re­quires “tech­ni­cal ex­perts of the high­est stan­dard.”

“We fun­da­men­tally be­lieve On­tario Power Gen­er­a­tion must be able at­tract and re­tain this highly spe­cial­ized ex­pert tal­ent to en­sure the safety of On­tario’s nu­clear power gen­er­a­tion sys­tem and de­liver key nu­clear projects such as the Dar­ling­ton Re­fur­bish­ment,” Dan Moul­ton said in a state­ment.

OPG is re­spon­si­ble for more than $40 bil­lion in as­sets, and has $5 bil­lion in an­nual rev­enue and more than 9,000 em­ploy­ees.

Metrolinx spokesper­son Anne Marie Aikins says the agency’s hu­man re­sources com­mit­tee will make a rec­om­men­da­tion to the board of di­rec­tors on where, within the $375,300 to $479,500 range, the pres­i­dent’s salary should fall once the pub­lic con­sul­ta­tion is over.

Pub­lic sec­tor agen­cies are re­quired to post their ex­ec­u­tive com­pen­sa­tion pro­pos­als pub­licly for 30 days of com­ment. Metrolinx’s pro­posal is avail­able in a link on the home page of its web­site. OPG’s pub­lic com­ment pe­riod is over.

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