This afternoon Toronto City Council was to have considered this agenda item accepting Toronto Hydro’s financial results for 2012.
Part of that agenda item was a recommendation to Council from the Executive Committee that:
City Council request the City Manager to include in his upcoming report on compensation for agencies and corporations, all Toronto Hydro senior executive compensation since amalgamation along with the annual dividend received.
Instead of completing that agenda item, Council instead passed the following motion moved by Councillor Joe Mihevc:
That City Council defer the item to the next regular meeting of Council on July 16 and 17, 2013 and request the City Manager, in consultation with the Chair, Toronto Hydro Board, to report on the recent media reports related to personnel matters.
The motion passed with an overwhelming majority. Only one councillor voted against.