Hydro chief's 3 million dollar payout defended


CSA Z462 Arc Flash Training – Electrical Safety Compliance Course

Our customized live online or in‑person group training can be delivered to your staff at your location.

  • Live Online
  • 6 hours Instructor-led
  • Group Training Available
Regular Price:
$249
Coupon Price:
$199
Reserve Your Seat Today
Hydro One chair Rita Burak says the government-owned utility had no choice but to pay former CEO Tom Parkinson $3 million in severance.

Burak told a legislative committee there were no legal grounds to fire Parkinson, even though he billed personal expenses on his secretary's corporate credit card.

She said the Hydro One board and Parkinson agreed he had to go after an Auditor General's report on his expenses, and the severance meant he would resign immediately.

Burak also defended the board's decision not to resign after the scathing Auditor General's report.

The Liberal government came under heavy fire from the opposition parties in December over Parkinson's $1.6 million annual compensation and $3 million in severance.

Energy Minister Dwight Duncan has since announced a review of executive salaries at Hydro One, Ontario Power Generation and other provincial energy agencies.

Duncan said the government thinks the salaries should be more in line with the public service nature of energy utilities rather than competing with CEOs on Bay Street.

Related News

USDA Grants $4.37 Billion for Rural Energy Upgrades

USDA Rural Energy Infrastructure Funding boosts renewable energy, BESS, and transmission upgrades, delivering grid modernization,…
View more

China power cuts: What is causing the country's blackouts?

China Energy Crisis drives electricity shortages, power cuts, and blackouts as coal prices surge, carbon-neutrality…
View more

Alberta Proposes Electricity Market Changes

Alberta Electricity Market Reforms aim to boost grid reliability and efficiency through a day-ahead market,…
View more

Gov. Greg Abbott touts Texas power grid's readiness heading into fall, election season

ERCOT Texas Fall Grid Forecast outlines ample power supply, planned maintenance outages, and grid reliability,…
View more

Renewable power surpasses fossil fuels for first time in Europe

EU Renewable Power Overtakes Fossil Fuels, reflecting a greener energy mix as wind, solar, and…
View more

Economic Crossroads: Bank Earnings, EV Tariffs, and Algoma Steel

Canada Economic Crossroads highlights bank earnings trends, interest rates, loan delinquencies, EV tariffs on Chinese…
View more

Sign Up for Electricity Forum’s Newsletter

Stay informed with our FREE Newsletter — get the latest news, breakthrough technologies, and expert insights, delivered straight to your inbox.

Electricity Today T&D Magazine Subscribe for FREE

Stay informed with the latest T&D policies and technologies.
  • Timely insights from industry experts
  • Practical solutions T&D engineers
  • Free access to every issue

Live Online & In-person Group Training

Advantages To Instructor-Led Training – Instructor-Led Course, Customized Training, Multiple Locations, Economical, CEU Credits, Course Discounts.

Request For Quotation

Whether you would prefer Live Online or In-Person instruction, our electrical training courses can be tailored to meet your company's specific requirements and delivered to your employees in one location or at various locations.