Base pay: $1.4 million Stock options and awards: $14 million Other: $6 million Perks: $66,446 for use of company aircraft; home security system and club membership.. In addition, she is a graduate of the ICD Program from the Rotman School of Business and holds the ICD.D designation through the Institute of Corporate Directors. - remote from the city - politics when it comes to growing - moving up. In May 2001, Bruce Power became the licensed operator of the Bruce Nuclear Generating Station in Tiverton, Ontario. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. President and CEO, Commercial Engines and Services Appointed June 2017 Responsible for being the world's energy leader, from generation to consumption, and for simplifying, reducing costs and serving customers across the entire energy value chain. Ontarios electricity market opens to competition. Former Mayor Megan Barry and her husband, who both seem to have lots of free time, have a gold star which means theyve participated in 100% of the power polls over the last year. Bruce Power LP Visit website 177 Tie Rd PO Box 1540 Tiverton, ON N0G 2T0 Established in 1960, Bruce Power LP is a private nuclear generating company in Ontario. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. The left-leaning think tank uses thefigures to highlight the gap between what the average Canadian makes compared to C-suite executives. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc, Ask anonymous questions on Fishbowl and get real time answers from Ontario Power Generation and Bruce Power employees and others in your industry. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. The current Bruce Power Proposal would provide a 2% increase in wages on January 1, 2022 in addition to any COLA increase and an additional 2% on January 1, 2023. CEO Pay Ratio For its 2019 fiscal year, CLECO POWER LLC, listed the following CEO pay ratio data on its annual proxy statement to the SEC. They included raising more than $500,000 for area food banks; coordinating with suppliers to raise more than $380,000 for local and national organizations facing funding shortfalls in 2020; splitting a $400,000 donation with the Power Workers Union to the University Health Network for the research and development of ventilators to treat COVID patients; and funding the creation of the Grey Bruce Huron Strong app to support local businesses. Formed in 2001, Bruce Power is a Canadian-owned limited partnership of affiliates of the Ontario Municipal Employees Retirement System, TransCanada Corporation, the Power Workers' Union and. Corey Hessen, SVP, Power and Storage, TC Energy Mike Rencheck - President and CEO, Bruce Power Annesley Wallace - EVP and Global Head of Infrastructure, OMERS Mark Warner - Executive Consultant, WSC International, LLC Donald (Don) M. Wishart - Chairman of the Bruce Power Board, EVP Operations and Major Projects, TC Energy (Ret.) Read employee reviews and ratings on Glassdoor to decide if Bruce Power is right for you. Chris has a B.S. Find out more about salaries and benefits at Bruce Power. Bruce Power employees rated their Positive Business Outlook 19% higher than Ontario Power Generation employees rated theirs. From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation. Bruce Power Energy & Utilities Salaries Ontario Power Generation has 8,905 more total submitted salaries than Bruce Power. For a single email poll, Dobie envisioned earning up to $15,000 in advertising revenue for a market such as Nashville. PO Box 1540 177 Tie Rd., R.R. General inquiries: info@brucepower.com Chris has more than 33 years of experience in the nuclear power industry, with leadership roles in operations, engineering and projects. Please note that all salary figures are approximations based . Construction begins the following year. (Chris Young/CP). Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. History is made in Unit 2 with the installation of the first steam generator ever to be replaced in a Canadian nuclear plant. This rating has been stable over the past 12 months. Compare pay for popular roles and read about the team's work-life balance. The Life-Extension Program, the largest private-sector infrastructure project in Canada, includes the Major Component Replacement Project. Following the financial difficulties of British Energy in the Fall of 2002, the LLP became a wholly Canadian-owned Limited Partnership on Feb. 14, 2003. Bruce Power sets site record for output with 49.02 Terawatt-hours, which equalled 34% of Ontario's electricity. From 1998 to 2007, Cathy was the Executive Director of Human Resources at the Canadian Broadcasting Corporation with overall responsibility for CBC Radio, CBC Television and digital platforms. Having problems? Unit 6 comes online at Bruce B. Bruce Units 3, 4, 6 and 7 place in the Top 10 reactors in the world for the previous years excellent performance. The technology is here, but politics may stand in the way. He was previously the companys Executive Vice-President, Nuclear Development. Bruce Power has invested more than $7 billion in its Bruce A and B facilities to restart and optimize the performance of its nuclear fleet over the last decade and has successfully carried out massive refurbishment and plant life extension projects on all of its operational units. Bruce Power has continued to perform for Ontarians delivering clean, reliable, low-cost power and medical isotopes while supporting communities and people throughout the province. He has been awarded the Provincial Diamond Leadership Award by Easter Seals for his work supporting the organization and kids with physical disabilities and is a recipient of Canadas Top 40 Under 40. 2, Tiverton ON,N0G 2T0 In 2014, Cameco announced it had agreed to sell its 32% shareholding in Bruce Power to BPC Generation Infrastructure Trust (Borealis Infrastructure) for $450 million. Were still collecting data to inform categories such as Age, Disability, Sexual Orientation, and Veteran Status. This annual awards gala, which aired virtually earlier today,celebrates the incredible innovations and achievements of a broad range of industry sectors and sizes from across the province. A proposal to build four reactors at Bruce B is approved by the Ontario government. Decent Location, still cheap to buy as long as you stay out of Port Elgin. Through an application filed with the Canadian Nuclear Safety Commission, Bruce Power sought approval to prepare a site that could generate 4,000 MW of electricity from two to four reactors that would not produce greenhouse gases or air pollutants. Kevin Kelly currently serves as the Executive Vice-President, Finance, and Chief Financial Officer. in Electrical Engineering from Lehigh University and has received management and leadership certifications from the Harvard Business School, and the Exelon Leadership Institute through Northwestern University. A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. Prior to joining Hitachi, Eric spent the majority of his career with Areva as a Senior Executive Vice-President with direct responsibility for covering worldwide Engineering and Project Activities. Prior to joining Bruce Power, Cathy most recently served as Corporate Vice-President of Human Resources with J.D. Bruce Power and the County of Bruce launch the Economic Development and Innovation Initiative to ensure the communities in Bruce Grey and Huron counties share in the economic benefits generated by Bruce Powers multi-year Life-Extension program. Bruce Power signs a protocol agreement with the Saugeen Ojibway Nation, on whose historical lands the site sits. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. All salaries and reviews are posted by employees working at Ontario Power Generation vs. Bruce Power. All proxy statements are public filings made available to the general public by the SEC. Bruce Dobie Power Poll lawsuit Nashville Scoop Nashville, Brittany Nicole Eakes charged in theft of $4800 in gift cards from Walgreens, Adam Donato makes death threat after being kicked out of downtown Nashville bar, Funeral Director Melvin Smith fires warning shot after disagreement over pothole repair work, Brandon Howard charged with P80 ghost gun and theft of 2022 Camry, Californias Christian Montion-Dominguez drunk and disorderly at the Holiday Inn Express, Dustan Conley bounced from Kid Rocks bar on Friday the 13th. Terrorist attacks in the U.S. prompt the formation of a full-time, rapid-response, armed security force at Bruce Power. Restarting those units boosts Bruce Power's output to 6,300 MW, making Bruce Power the source for about 25 per cent of Ontario's electricity on a typical day. Salary information comes from 37 data points collected . While the website would lead many to believe the list is hand cultivated and chosen by leaders in the handful of markets where their poll results are emailed to a handful of mostly twitter-popular people, an industry posting actually reveals they simply aggregate email list of powerful, influential people in U.S. towns and cities and you might be wondering how those lists are found? Im extremely grateful to the Ontario Chamber of Commerce for the OBAA award and I accept it on behalf of our employees whose collective efforts have kept us safe and healthy through a very challenging 2020, Rencheck said. Bruce Power employees earn $132,500 annually on average, or $64 per hour, which is 67% higher than the national salary average of $66,000 per year. 2, Tiverton ON,N0G 2T0 Despite what others may say, management is pretty good. This story is brought to you by Scoop: Nashville as part of the #bspotter / #VisitMusicCity series which features tourist and downtown-related arrests in Music City. Mike Rencheck is President/CEO at Bruce Power LP. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Canadas corporate executives were among the loudest critics of a new fifteen dollar minimum wage in provinces like Ontario and Alberta, meanwhile the highest paid among them were raking in record-breaking earnings, Macdonald said in a news release. We are extremely proud to honour Mike Rencheck as CEO of the Year, said Rocco Rossi, President and CEO, Ontario Chamber of Commerce. Bruce Dobie, the sole member and creator of Power Poll, LLC, is being sued in Davidson County Chancery Court by a former employee who says the Nashville entrepreneur hired her with a quarter-million-dollar yearly salary and then abruptly fired her and others a few months later after he could no longer make payroll. Kevin joined Bruce Power as the Head of Finance when the company was formed in 2001 after working with British Energy when that entity acquired 80 per cent of Bruce Power. As concerns over climate change continue to grow, the proposal could have seen the first unit ready as early as 2017, pending the successful completion of a full Environmental Assessment (EA) and consultations with the local communities. Ontario Hydro is divided into five successor companies to prepare for a competitive electricity market. Uncover why Bruce Power is the best company for you. [2] With those eight units in operation, the facility has a capacity of 5,403 megawatts and typically supplies nearly 30 per cent of the electricity used in Ontario's provincial power grid. AEP is a major investor-owned electric utility in the United States, delivering electricity to more than five million customers in 11 states, with 38,000 megawatts of generation assets. Learn more about nuclear energys rich history on the Bruce site. He is responsible for Major Component Replacement, Project Management and Construction, Asset Management, Sustaining Capital and site-wide Project Controls. A copy of the lawsuit is below, which alleges breach of employment contract, sex discrimination, fraudulent inducement, and false and deceptive employment practices. Your email address will not be published. The company has harvested enough Cobalt-60 to sterilize up to 25 billion pairs of gloves or COVID-19 swabs. As Chief Development Officer, James leads the companys medical isotope business, net zero initiatives, power trading, business development and Indigenous/community economic partnerships. Other prominent gold-star achievers for the past year include Gray Thornburg, Fate Thomas, Howard GentryJeff Teague, Butch Spyridon, Ron Snitker, John Rutherford, Abby Rubenfeld, Bill Purcell, Diane Neighbors, WKRNs Bob Mueller, Nashville Scene journalist Eli Motycka, Judge Amanda McClendon, TN Lookout Editor Holly McCall, Douglas Kreulen, Christine Karbowiak, Glenn Funk, Erin Evans, Keith Durbin, Adam Dread, Steve Cavendish, Heidi Campbell, Emily Benedict, Lee Beeman, Andrea Arnold, Stephanie Coleman. Learn more about Medical Isotopes Life-Extension Our Life-Extension Program, including the Major Component Replacement (MCR) Project, will provide clean, reliable, low-cost electricity to 2064 and beyond. We stand in solidarity with Black, Indigenous and People of Colour communities across the world in the unquestionable proclamation that their lives matter. The Lu-177 will be processed by a partner ITM Isotope Technologies Munich SE (ITM) and marketed with its partner Saugeen Ojibway Nation under the name Gamzookaamin Aakoziwin.[8], Bruce Power was founded as a Limited Liability Partnership in 2001 between British Energy (82.4%), Cameco Corporation (15%), Power Workers' Union and The Society of Energy Professionals. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. HR inquiries: HRhelpdesk@brucepower.com, Contact | Terms of Use | Privacy Policy | Accessibility | Sr. 86% of Bruce Power employees would recommend working there to a friend based on Glassdoor reviews. It was then followed by Unit 3 on Jan. 8, 2004. An additional year of CEO tenure is associated with a 2.2% increase in the probability that the CEO is also board chairman and a 2.4% increase in annual compensation. Your email address will not be published. Bruce Power's Director is Ralph Berg. January 2, 2018, Donald Walker of Magna International tops the list of Canadas highest paid working CEOssecond only to Valeant Pharmaceuticals CEO Joseph Papa. The company plans IPSes which would produce other useful isotopes. Copyright 2023 St. Joseph Communications. He is replaced by Mike Rencheck. When factoring in bonuses and additional . Our Fair Pay score for Bruce Power Inc. is 2.67. We stand in solidarity with Black, Indigenous and People of Colour communities across the world in the unquestionable proclamation that their lives matter. - Work can feel repetitive According to the Company, "Bruce Power set a site record for production in 2015, generating 30 per cent of Ontario's electricity at 30 per cent less than the average residential price of power.[3]. Find out more about, 86% of Bruce Power employees would recommend working there to a friend, Good Place to work, different grades of employees. In 2014, Mike was recognized by the National Safety Council for his leadership demonstrating a personal commitment to worker safety and health as part of CEOs who get it. He was designated by the U.S. Department of Energy as a STEM ambassador, and served as a member of the Board of Directors of the Virginia Nuclear Energy Consortium Authority. In October 2012, Bruce Power returned Units 1 and 2 to commercial operation just weeks after synchronizing to Ontario's electricity grid for the first time since 1997 and 1995 respectively. Safety was also a key component of the Restart initiative for both Bruce Power and its contractors. Nuclear Operator salaries at Bruce Power can range from $90,000 - $153,242 per year. Bruce Power provides electricity from eight nuclear reactors, and a five-turbine wind energy facility. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Power Poll CEO Bruce Dobie unable to pay employees; refused to let female attend meetings, citing good old boys club per lawsuit. Prior to joining Bruce Power in 2016, he served as the Deputy Chief Operating Officer for AREVA Group, overseeing its extensive global capital portfolio of nuclear and renewable projects. Unit 2 at Bruce A is shut down and placed in layup by the former Ontario Hydro. Bruce D Morelan is Chairman at Power City Electric Inc. See Bruce D Morelan's compensation, career history, education, & memberships. In SEC filings, Power Poll lists Bruce Dobie as CEO, Kirk Davis as Executive Chairman of the Board, Travis Graham as the Chief Technology Officer, and Perry Del Favero as the Chief Product Officer. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Upon completion of the sale, Borealis will become the majority partner of Bruce Power with 56.1 per cent ownership. Dobie also claimed both of the Polls largest advertising customers would be renewing for the new year, despite one of them informing him weeks prior that would not happen. mostly in public databases and media/press distribution lists, media contacts, city council members, attorneys, judges, and business owner databases. - Lines of communication between workers and management could be more mutually beneficial Our Fair Pay score for Bruce Power Inc. is 3.5. On 3 December 2015, Bruce Power president/CEO Duncan Hawthorne announced that it would spend $13 billion for a major overhaul of six of its Lake Huron reactors, starting in 2020. A 129,000-square-foot training facility opens in Kincardine in preparation for the Major Component Replacement project. 2, Tiverton ON,N0G 2T0 Since its creation, Bruce Power has successfully restarted all four Bruce A reactors. Bruce Power provides over 30% of the electricity for Ontario, and produces medical grade isotopes that help to sterilize 40% of the single-use medical devices around the world, while also treating cancer. Under Renchecks leadership, Bruce Power also established a community economic development platform that has led to over 60 companies moving into Grey, Bruce and Huron counties, implemented a long-term strategy to engage over 480 provincial companies in Bruce Powers efforts, created opportunities for Indigenous communities and businesses, and created the Retooling and Economic Recovery Council to support the provinces made-in-Ontario economic recovery program. The average Bruce Power salary ranges from approximately $96,767 per year for an Engineering Trainee to $170,368 per year for a Section Manager.The average Bruce Power hourly pay ranges from approximately $37 per hour for a Development Student to $37 per hour for a Development Student.Bruce Power employees rate the overall compensation and benefits package undefined/5 stars. Mike Rencheck - President and CEO Eric Chassard - EVP, Projects and Engineering Chris Mudrick - Chief Nuclear Officer and EVP Kevin Kelly - Chief Financial Officer and EVP Finance READ FULL BIO Russell Stokes President and CEO, Commercial Engines and Services Scott L. Strazik Bruce Power Limited Partnership is a Canadian business partnership composed of several corporations. When the pandemic struck in March, Rencheck quickly rallied the company and its supply chain to secure personal protective equipment (PPE) for frontline and health-care workers in Bruce, Grey and Huron counties, and to other parts of Ontario as needs arose. This year's average CEO salary among the top 100 highest-paid executives topped $10.4 million, which is 209 times the annual wage of an average Canadian. Plans are announced for four nuclear reactors at Bruce A, as well as a Heavy Water Plant. If a green pivot is to happen, power grids must become supergrids, continent-spanning networks that can move green energy thousands of miles. Construction begins on additional heavy water plants. [7], Bruce Power is developing Unit 7 as an Isotope Production System (IPS). We have been able to continue safe and reliable operations on our site, and at the same time, work with our suppliers, elected leaders, businesses and organizations to help people in our communities through this public health crisis. they included raising more than $500,000 for area food banks; coordinating with suppliers to raise more than $380,000 for local and national organizations facing funding shortfalls in 2020; splitting a $400,000 donation with the power workers' union to the university health network for the research and development of ventilators to treat covid The only daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York. Inefficient union workers. smashed the record for the top spot last year, RBC is the first Canadian bank to weigh CEO pay against average employee salaries, Full details at the Canadian Centre for Policy Alternatives, Valeant Pharmaceuticals International Inc, Former President & CEO, Progressive Waste, Group Head, International Banking & Digital Transformation, Chairman & CEO, George Weston Ltd. & Loblaw Cos Ltd, President & CEO, Mackenzie Inc & Mackenzie Investments. Bruce Power Kincardine, ON (Canada) Salaries Salaries in $ (CAD) Average Min Max Engineer 3 salaries $109,636per year $98k $132k $109,636per year $98k $132k Nuclear Operator 3 salaries $130,301per year $70k $169k $130,301per year $70k $169k Project Manager Intern 2 salaries About $110k - $192k $110k $192k About $110k - $192k $110k $192k Last edited on 10 November 2022, at 22:04, refurbish Units 38 in a $13 billion project, Bruce Nuclear Generating Station#Radioisotope production project, Learn how and when to remove this template message, From Bruce Power Web Site - Canadian-based consortium officially joins Bruce Power Limited Partnership, "Nuclear Power in Canada - World Nuclear Association", "Unit 1 sets new post-refurbishment long run record", "From Bruce Power Web Site - Agreement reached to secure Bruce Power's future. Eric joined Bruce Power as the Executive Vice-President, Projects and Field Services, in 2019. In a financial statement, the companys accountant discloses: The Company has incurred significant losses from inception of approximately $(403,366) which, among other factors, raises substantial doubt about the Companys ability to continue as a going concern. Salary information comes from 34 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. He assumed the role of CEO in 2005 and has led the company to record levels of revenue, increasing from $4.1 billion that year to more than $9 billion in 2018. HR inquiries: HRhelpdesk@brucepower.com, Contact | Terms of Use | Privacy Policy | Accessibility | Sr. In addition to the leadership of the Human Resources function for Canada, she was also on the North American HR Leadership team designing and developing HR programs and services for North America. Valeant Pharmaceuticals International tops the ranking of Canadian CEO salaries for a second time this yearand thats after a $100 million pay cut. Find out what works well at Bruce Power from the people who know best. On 3 December 2015, Bruce Power president/CEO Duncan Hawthorne announced that it would spend $13 billion for a major overhaul of six of its Lake Huron reactors, starting in 2020. Bruce Power's Leadership Team is responsible for more than 4,000 employees who work to provide Ontario with over 30 per cent of its electricity. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. Work begins to dismantle Bruce A Heavy Water Plant. Use our tool to get a personalized report on your market worth. Employees also rated Bruce Power 3.9 out of 5 for work life balance, 3.8 for culture and values and 3.8 for career opportunities. Bruce Power assumes operational control of the site and confirms plans to restart Units 3 and 4. Bruce A and Bruce B are equipped with eight CANDU nuclear reactors (four at each station). In 2008, Bruce Power applied for a licence to build a nuclear power plant at Cardinal Lake. Not to be trusted. Bruce Power announces Project 2030, a project to increase the site generation peak to 7,000 MW for the 2030s. Faced with the largest surplus capacity of electricity in its history, Ontario Hydro defers decision made in previous year to retube Unit 2. Step-By-Step Pay Equity Analysis Guide Product Guide By clicking Download Product Guide, Do you know what your employees really want for the holidays? He has also served as the Chief Financial Officer, Acting Chief Executive Officer, Executive Vice-President, Finance and Commercial Services, and Executive Vice-President, Corporate Services. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Before joining AEP, Mike worked for Florida Power Corporation serving as Director, Nuclear Engineering and Projects, for Crystal River Nuclear Station. The chart on this page features a breakdown of the total annual pay for , at HUMANA INC as reported in their proxy statements. Bruce Powers Life-Extension Program officially begins on Jan. 1, 2016. This is a postponement of a project initially planned for 2016; the change was made because the reactors should not require major work as soon as 2016. Over the last 36 years, Mike has served in a number of roles. Mike currently sits on the board of directors of the Nuclear Energy Institute. In 2005, he was appointed as Vice-President Finance and supported the 2005 Bruce Power Refurbishment Agreement negotiation team and the related restructuring of Bruce Power. Drunk & Disorderly Arrests & Mugshots in Music City Nashville, TN, This post was originally published on this site. The Bruce Power site at Tiverton is the world's largest nuclear generating facility. Douglas Point is powered up for the first time. Pros. Bruce Power collaborates with the County of Bruce to launch the Economic Development and Innovation Initiative, which sees 12 companies open offices or warehouses in Bruce, Grey or Huron counties, boosting the local economy. - Good Work/Life Balance (Companies take varying amounts oftime to disclose executive compensation, which is why this ranking covers the year 2016.) Transform pay with our enterprise-grade comp platform, Automate compensation with our full-suite solution, Payscale's employer-reported salary data network, The world`s largest employee-submitted pay database, Annual survey salary data from HR industry publishers, The crowdsourced compensation data API for developers, 100% company submitted data from 2,000+ businesses, Schedule a personalized demo to feel the power of Payscale, Find salary information for similar job titles and locations, Comp Planning Business Case Pitch Deck By clicking Download Pitch Deck, you. [6] Chief Executive Officer Duncan Hawthorne travelled to Peace River, Manning and Grimshaw, Alberta to personally inform the communities that Bruce Power had initiated a process to consider building western Canada's first nuclear power plant.
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