London Free Press
The intricate and complex storylines emanating from Ontario’s energy sector are connected in a giant web that catches the easiest of prey, the province’s hydro consumers. The newest addition to this web is the auditor general’s report on Ontario Power Generation (OPG) that uncovered rampant elitism and cozy old-boy-type back scratching at the highest levels of the Crown corporation.
OPG’s compensation packages are “significantly more generous” than for comparable positions in the civil service, and have a financial impact on electricity costs, Auditor General Bonnie Lysyk reported. Among a multitude of sins, the report found about two-thirds of executives and managers received top performance bonuses — as much as $1.3 million.
Part of the response from Energy Minister Bob Chiarelli was a pledge to reduce bonuses for the high and mighty by 10%. That news came less than two weeks after Chiarelli revealed hydro rates in the province are forecast to increase roughly 42%. Recipients of the top bonus must now make do with only $1.17 million on top of their normal salary. The family earning $40,000 will see its $145 a month hydro bill jump to $206 in a few years. Chiarelli called the auditor’s findings unacceptable. “Ontarians can and should expect better.”
Meanwhile there were developments on the wind turbine front. Two projects were approved Dec. 11. They are the Sumac Ridge Wind Project in the City of Kawartha Lakes and the Suncor Energy Adelaide Wind Power Project in the Township of Adelaide Metcalfe in Middlesex County. Read article