Wynne says review of Hydro One pay will include raises for board of directors
WATERLOO, Ont. — The thorny issue of compensation at Hydro One reared its head on the Ontario election campaign trail Tuesday, with the Liberal premier calling raises for the company’s board of directors unacceptable while her rivals slammed the pay hikes as the consequence of the government’s privatization of the utility.
Kathleen Wynne said her Liberals had ordered a review into compensation at Hydro One upon learning of raises for executives and board members, including a $70,000 raise for the chair of the board and $25,000 raises for other board members. The results of that review, she said, are expected to lead to some changes.
“We’ve made it very clear that the compensation package that was brought forward was unacceptable,” Wynne said at a campaign stop in Waterloo, Ont. “So, that is exactly why the review is happening. We forced that review to happen. We made it clear and the review is happening.”
Wynne emphasized that the review is examining compensation for all board members, not just executive compensation as had been suggested in April.