TORONTO – Three senior Ontario Power Generation executives were fired following a scathing auditor’s report that uncovered “very generous” pensions, salaries and perks. Energy Minister Bob Chiarelli announced OPG had terminated its chief financial officer, executive vice-president for strategic initiatives and vice-president for internal audit. “The auditor’s findings indicate that Ontarians can and should expect better,” he said. “(OPG) understands that these findings are not acceptable.”
Ontario auditor general Bonnie Lysyk’s first annual report Tuesday revealed a number of areas where citizens are not getting value for their hard-earned dollars. Health cards and driver’s licences issued to dead people. Four-year waits for autism treatment. Fifteen thousand women turned away from emergency shelters. A supposedly money-saving Ontario Northland sell-off that could cost taxpayers $820 million — or even more .
An audit of OPG compensation offered one shock after another. “Generous, very generous” is how the understated Lysyk described it, adding all of the costs will be passed on to ratepayers who face a 42% jump in hydro bills over the next five years. Read article