Sunshine list shows that 111,440 public servants in the Broader Ontario Public Service earned more than $100,000 with Ontario Power Generation CEO Tom Mitchell (pictured above) topping the list with a whopping $1.55 million salary.
The number of Ontario public sector employees making six-figure salaries has now hit 111,440 according to figures released this week.
That’s 13,474 more employees than last year’s list, an increase of about 14 per cent. That means the equivalent of the population of cities the size of Thunder Bay or Kingston made this year’s list.
The top ten list of public earners was dominated by electricity, university and hospital sector big-wigs.
Topping the chart is Tom Mitchell, Ontario Power Generation (OPG) CEO, who took in a $1.55 million salary and another $6,893 in taxable benefits in 2014. This a 9.2 per cent decrease from last year, when Mitchell’s salary was $1.72 million. Continue reading
Ontario Liberal Government to privatize Hydro One resulting in higher rates for Ontarians.
The Ontario Liberal government, taking the advice of a council led by former TD Bank head Ed Clark, is examining at least two privatization options for Hydro One.
Hydro One is the government-owned transmission company responsible for operating the Ontario electricity grid. However, it also operates a large distribution business – the local wires that connect hydro users to the grid.
The first privatization option, unveiled by Mr. Clark last fall, would see Hydro One’s local distribution networks sold while its transmission business remains under provincial government ownership. This option is thought to offer the best opportunity for the long sought after consolidation of Ontario’s fragmented distribution sector.
The second privatization option would keep Hydro One intact and sell an equity stake on the stock market, starting with a 10-to 15-per-cent initial public offering (IPO). Continue reading