Toronto City Council is proposing significant changes to the Board of Directors at Toronto Hydro. Most prominently, Council is proposing the replacement of Chair Clare Copeland by David Williams. Here is the proposal of Council. As reported here, Copeland directly associated himself with the threats, bully tactics, and misleading propaganda about rates that was the …
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 …
Continue reading ‘Ontario Electricity Regulation Crisis Report Part 59: Payday at Tony’s Hydro’ »
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 …
The long-awaited firing of Anthony Haines, CEO of Tony’s Hydro (formerly Toronto Hydro), could be announced this afternoon following a meeting of the utility’s board of directors. Here is a short recap of the “Ontario Electricity Regulation Crisis Report” series:
As noted in “Crisis Report ““ Part 19″, Tony’s Hydro chair Clare Copeland wrote to the Ontario Energy Board on January 20th. One element of that letter was the following statement:“…we have not met the OEB’s minimum reliability standards for distribution companies for the past five years.”Here are the utility’s comments contained in successive Annual …
Clare Copeland, chairman of Tony’s Hydro (formerly Toronto Hydro) has been getting benefits paid by ratepayers to have his teeth cleaned and other health benefits to the tune of $6,595 on top of the $75,000 he takes home annually for his part-time job chairing the government-owned utility. Toronto Hydro first started reporting the compensation and …
As the Globe and Mail reported last night, Clare Copeland, chairman of Tony’s Hydro (formerly Toronto Hydro) is continuing to negotiate through the newspapers for a reprieve from the Ontario Energy Board’s recent decision that the utility work within the rules that apply to the rest of Ontario’s electric distribution utilities. The application the OEB …
Declining his opportunity to respect the Ontario Energy Board jurisdiction and to side with consumer interests, Clare Copeland, chairman of Tony’s Hydro (formerly Toronto Hydro) has instead backed his embattled CEO Anthony Haines.
In a calm, direct tone, the chair of the OEB has written to the chair of Toronto Hydro correcting the record on Toronto Hydro’s aggressive misinformation campaign. “The most recent Board decision does not limit Toronto Hydro’s capital spending to $140 million in 2012, as suggested in Toronto Hydro media commentary, and does not prevent …
Continue reading ‘Ontario’s Electricity Regulation Crisis Report ““ Part Six’ »