After blowing nearly $200 million in payouts and golden handshakes in his meddling at Hydro One, Doug Ford has now set the annual compensation for the new Hydro One CEO at a whopping $1.5 million.<\/p>\n
The CEO of Hydro-Quebec is paid about $800,000 in base salary and bonuses.<\/p>\n
The CEO of Hydro One before the Liberals privatized it was paid about $750,000.<\/p>\n
\u201cFor Doug Ford to hand out millions to the next CEO of Hydro One as Ontarians continue to pay sky-high hydro bills is insulting,\u201d said NDP Energy and Climate Change critic Peter Tabuns. \u201cAnd the millions of dollars Doug Ford wants to shell out is on top of the $200 million price tag for Ford\u2019s ongoing meddling at Hydro One.\u00a0Doug Ford is blowing a lot of cash \u2014 but not on the people of Ontario that need more support and better services.\u201d<\/p>\n
<\/p>\n
Ford negotiated a $9-million golden handshake for outgoing CEO Mayo Schmidt \u2014 a deal made behind closed doors that Ford tried to hide. And Ontarians are paying $191-million in termination fees, financing charges and interest after Doug Ford\u2019s well-publicized meddling in executive compensation at Hydro One scuttled its planned takeover of Avista.<\/p>\n
<\/p>\n
\u201cThe Liberals got us into this mess by privatizing Hydro One, but the Conservatives are making things even worse,\u201d said Tabuns.<\/p>\n
<\/p>\n
SOURCE – NDP Energy and Climate Change critic Peter Tabuns<\/p>\n","protected":false},"excerpt":{"rendered":"
After blowing nearly $200 million in payouts and golden handshakes in his meddling at Hydro One, Doug Ford has now set the annual compensation for the new Hydro One CEO at a whopping $1.5 million. The CEO of Hydro-Quebec is paid about $800,000 in base salary and bonuses. The CEO of Hydro One before the …<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-19887","post","type-post","status-publish","format-standard","hentry","category-provincial"],"publishpress_future_action":{"enabled":false,"date":"2026-04-20 03:43:53","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/posts\/19887","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/comments?post=19887"}],"version-history":[{"count":2,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/posts\/19887\/revisions"}],"predecessor-version":[{"id":19922,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/posts\/19887\/revisions\/19922"}],"wp:attachment":[{"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/media?parent=19887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/categories?post=19887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wawa-news.com\/index.php\/wp-json\/wp\/v2\/tags?post=19887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}