Ontario’s Electricity Regulation Crisis Report ““ Part 23: Turbo Executive Compensation at Tony’s Hydro (Formerly Toronto Hydro)

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Preliminary research indicates the following vehicles leased by ratepayers of Tony’s Hydro (formerly Toronto Hydro), a self-described green company, on behalf of the following executives:

Anthony Haines – 2009 Mercedes Benz S550V4

Blair Peberdy – 2011 Cadillac CTS

Robert Wong – 2008 Mercedes Benz C350

Dino Priore – 2008 BMW 328i

Ben La PIANTA – 2010 Mercedes Benz (model?)

Chris Tyrrell 2010 LEXUS 450H

JS Couillard _ 2008 Chevy Tahoe 4wd 4 dr Hybrid LT

Ivano Labricciosa – 2010 Mercedes Benz E350

Ave Lethbridge – 2011 Lexus RXO

Asheef Jamal 2007 Lincoln MKX

Please send in any corrections to this list. Photos of these vehicles would be a helpful addition to this posting. You can reach me using the response option on this site. Alternatively, correspondents can reach me by snail mail at 12 Sidford Court, Toronto, M6S 2J4.

Here is a note on termination benefits from the utility’s most recent Annual Information Form:

If the employment of Mr. Haines is terminated without cause by the Corporation then Mr. Haines is entitled to a

payment equal to 24 months of base salary and performance pay that would have been paid had he continued to

work for 24 months (approximately $1,268,285), with the performance pay calculated based on the average annual

performance pay earned by Mr. Haines during the 3 years preceding the date of termination. Mr. Haines would also

be entitled to continued group health and dental benefit coverage for a period of 24 months from the date of

termination.

If the employment of Mr. Couillard is terminated without cause by the Corporation then he is entitled to a payment

equal to 18 months of base salary and performance pay that would have been paid had he continued to work for 18

months (approximately $545,758), with the performance pay calculated based on the average annual performance

pay earned by Mr. Couillard during the 3 years preceding the date of termination. Mr. Couillard would also be

entitled to continued group health and dental benefit coverage for a period of 18 months from the date of

termination.

3 Comments

  1. “let them eat cake”! Most of those cars don’t look to be the energy friendly type. Not a plug-in hybrid amongst them! Perhaps the rates they would pay are too high or is the concern related to the fact that plugging a Prius in might cause a brownout or blackout in their neighbourhood?

  2. Since last week the executives no longer drive their company cars. Those are being driven by their wives while they drive their personal cars to work. I guess they know it’s wrong and it’s bad optics. Since thy no longer use company cars, shouldn’t the cars be returned?

    Come check out the parking lot behind 14 Carlton. No more fancy cars. Those are parked at home.

  3. Pingback: Ontario’s Electricity Regulation Crisis Report – Part 31: New Model of Service Vehicle for Tony’s Hydro (formerly Toronto Hydro) Now Available | Tom Adams Energy - ideas for a smarter grid

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