Former B.C. Hydro CEO earns half a million without working a single day
VANCOUVER -
Former B.C. Hydro president and chief executive officer Jessica McDonald received a total of $541,615 in compensation during the 2017-2018 fiscal year without having worked a single day for the Crown corporation.
She earned this money under a compensation package after the in-coming New Democratic government of John Horgan fired her. The previous B.C. Liberal government named her president and CEO of B.C. Hydro in 2014, and McDonald was a strong supporter of the controversial Site C dam project now going ahead following a review.
The current New Democratic government placed her on what financial disclosure documents call “salary continuance” effective July 21, 2017 — the day the government announced her departure.
According to financial disclosure statements, McDonald remained on “salary continuance” until Sept. 21 of this year. During this period, she earned $272,659, a figure that includes benefits, pension and other compensation.
McDonald — who used to be the deputy minister to former premier Gordon Campbell — is now working for Canada Post, which appointed her as interim president and chief executive officer in March.
She started in her new role on April 2, 2018, and now finds herself in the middle of managing a postal carrier strike.
Related News
Ottawa making electricity more expensive for Albertans
CALGARY - Albertans just endured the highest electricity prices in 21 years. Wholesale prices averaged $123 per megawatt-hour in December, more than triple the level from the previous year and highest for December since 2000.
The situation in Alberta mirrors the energy crisis striking Europe where electricity prices are also surging, largely due to a shocking five-fold increase in natural gas prices in 2021 compared to the prior year.
The situation should give pause to Albertans when they consider aggressive plans to “decarbonize” the electric grid.
The explanation for skyrocketing energy prices is simple: increased demand (because of cold weather and a slowly-reviving…
