hydro one
Hydro One threatened with action if it doesn’t cut proposed CEO pay
Board submitted a framework that would pay the next CEO up to $2,775,000.
Hydro One, Avista call off merger citing Washington and Idaho rejections
Under the terms of the merger agreement, US$103 million in termination fees go to Avista.
Washington State regulator denies bid to reconsider Hydro One-Avista deal
The regulator is worried about interference from Ontario’s Ford government.
Hydro One, Avista say Washington State regulator erred; request rehearing
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.
Hydro One, Avista asking US regulator to reconsider denied acquisition
UTC can modify the prior order or take actions it deems appropriate, including extending deliberations.
Ford government moves to take more control of Hydro One executive salaries
Requires the board to establish a new compensation framework for the CEO and directors.
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Hydro One board resigns, CEO retires as Doug Ford makes good on campaign promise
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.
Hydro One’s merger with US energy firm Avista clears another hurdle
US Committee on Foreign Investment has found no unresolved national security concerns.
Hydro One to review executive pay; Liberals to vote against compensation changes
CEO would get at least $10.7 million in severance if he were to be removed from his job.
OEB pulls plug on Hydro One Orillia Power Distribution deal
Not satisfied no harm assessment test requirement had been met.
Hydro One CEO says rate hike needed to keep the system stable
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…
OEB orders Hydro One to cut administrative budget by $30M over two years
Ontario Energy Board says hydro customers gain little from the jump in IPO-generated executive salaries
IPO market in Canada recovering after dismal 2016: report
PwC says there were 16 IPOs on Canadian exchanges in the first six months of this year that raised $2.9 billion.
Ontario budgets likely won’t be balanced after this year, watchdog says
Report says staying in balance will likely require additional fiscal measures.
Wynne government argues Hydro One suit is political, not legal complaint
Filed a motion to get CUPE lawsuit aimed at stopping the sale thrown out
