Board submitted a framework that would pay the next CEO up to $2,775,000.
Under the terms of the merger agreement, US$103 million in termination fees go to Avista.
The regulator is worried about interference from Ontario’s Ford government.
Washington state regulators had said they would not allow Ontario’s largest utility to buy Avista for fear the provincial government might meddle in its operations.
UTC can modify the prior order or take actions it deems appropriate, including extending deliberations.
Requires the board to establish a new compensation framework for the CEO and directors.
Hydro One CEO Mayo Schmidt, who earned a $6.2-million salary last year, became a lightning rod for resentment during the election over rising electricity rates in Ontario.
US Committee on Foreign Investment has found no unresolved national security concerns.
CEO would get at least $10.7 million in severance if he were to be removed from his job.
Not satisfied no harm assessment test requirement had been met.
TORONTO — Hydro One has applied for a rate increase in order to keep the power system stable, its president and CEO said. Speaking after delivering remarks to the Empire Club, Mayo Schmidt spoke about the application that’s currently before…
Ontario Energy Board says hydro customers gain little from the jump in IPO-generated executive salaries
PwC says there were 16 IPOs on Canadian exchanges in the first six months of this year that raised $2.9 billion.
Report says staying in balance will likely require additional fiscal measures.
Filed a motion to get CUPE lawsuit aimed at stopping the sale thrown out