Archive of posts tagged Toronto Hydro

Ontario Electricity Regulation Crisis Report Part 59: Payday at Tony’s Hydro

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Anthony Haines, CEO of Tony’s Hydro (formerly Toronto Hydro), received another vote of confidence from the utility’s Board of Directors and City Council, the utility’s owners. Haines received a boost in his compensation in 2012, according to the utility’s Annual Information Form posted to SEDAR this morning. Although his direct pay over the year fell …

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Ontario Electricity Regulation Crisis Report Part 58: Counting Down to Tony’s Payday Report

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With only a few days are left, the big questions remain unanswered. Will his 2012 pay break through the psychological barrier of $852,000 set in 2011? Is the once-unimaginable million dollar compensation level within sight for Canada’s reigning champion of municipal employee compensation? With Toronto Hydro’s Annual Information Form for 2012 to be posted on SEDAR before the close …

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Ontario Electricity Regulation Crisis Report – Part 51: OEB Needs New Rules for Conflict of Interest

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My thesis at the outset of this series, has been that Toronto Hydro — a poorly performing, high cost utility — is controlled by a CEO seeking to exploit leadership weakness at the Ontario Energy Board in an effort to move the utility toward becoming a deregulated monopoly. Developments at an Ontario Energy Association breakfast …

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Ontario Electricity Regulation Crisis Report – Part 49: Utility/Regulator Rotating Door

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Last week, Toronto Hydro issued an internal memo to employees announcing the appointment of long-time Ontario Energy Board member Paul Sommerville as the utility’s new Vice President, Regulatory Affairs and General Counsel effective September 10, 2012. This latest appointment reflects a continuation of the rotating door trend initiated by the appointment of Rosemarie Leclair who …

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Ontario Electricity Regulation Crisis Report – Part 47: Tony’s Hydro In the Red, Toronto Taxpayer Hit Coming

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According to financial documents provided to Toronto city council, Tony’s Hydro (AKA Toronto Hydro) ended the first three months of 2012 with a net loss of $12.8 million compared to net income of $25.5 million for the same period in 2011. This $38.3 million reversal in year-over-year performance was primarily due to $27.8 million in …

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Ontario Electricity Regulation Crisis Report – Part 41: Executive Compensation at Tony’s Hydro (formerly Toronto Hydro)

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According to data released this morning on SEDAR, Canada’s highest paid municipal employee, CEO Anthony Haines, scored a strong endorsement from the utility’s board of directors with a 12.4% increase in pay last year. What is called his “total compensation” hit $851,983 in 2011.

Ontario Electricity Regulation Crisis Report – Part 40: Pep Rally and Law Suit Against OEB at Tony’s Hydro (formerly Toronto Hydro)

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Rogue CEO Anthony Haines announced to some of the utility’s staff today that the utility was suing the Ontario Energy Board. If anyone has the statement of claim, please post it here. Apprentices were in a meeting today with Haines about the future. He told them he was pursuing the suit for them. During the meeting …

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Ontario Electricity Regulation Crisis Report – Part 39: Tony’s Hydro PR = Toronto Star Headlines

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As part of its outages-are-assets campaign, Tony’s Hydro (formerly Toronto Hydro) is continuing its push to blame external forces for all the utility’s problems. Like it did with its recent article branding commonly used oil-filled transformer technology as dinosaurs, the Toronto Star has returned to the utility’s propaganda effort, this time on the subject of property insurance.

Ontario Electricity Regulation Crisis Report – Part 38: Rally at Tony’s Hydro (formerly Toronto Hydro) Monday Feb. 27 5:00 pm

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Toronto taxpayers, ratepayers, and workers at Tony’s Hydro (formerly Toronto Hydro) all need the same thing — lights on, Haines out. We need to pressure the utility’s board of directors under chair Clare Copeland to do their jobs — put in place a stable, responsible leadership team at the City-owned utility. Rogue CEO Anthony Haines must go. …

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Ontario Electricity Regulation Crisis Report – Part 37: Who Will Pay for Unplanned Downsizing at Tony’s Hydro (formerly Toronto Hydro)?

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In the regulatory conflict between Tony’s Hydro (formerly Toronto Hydro) and the Ontario Energy Board, one the strategies rogue CEO Anthony Haines is using to inflame the conflict is to harm the utility with unplanned downsizing. Here are the job descriptions that I have found Tony whacking so far: