Required fields are marked *. This years 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. Chris joined Exelon in 1987 and held many other senior roles including Senior Vice-President, Mid-Atlantic Operations, Senior Vice-President, Operations Support, Site Vice-President, Plant Manager, and responsible roles in Engineering, Operations, and Outages. - Great pay/benefits 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. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. The innovative IPS was designed and manufactured by Isogen (a Kinectrics and Framatome company).track. In 2019, he earned $2.56 million in pay, which includes $1.55 million in base salary plus annual incentive pay. 2, Tiverton ON,N0G 2T0 Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Construction begins on additional heavy water plants. Valeant Pharmaceuticals International tops the ranking of Canadian CEO salaries for a second time this yearand thats after a $100 million pay cut. Eric also holds a post-graduate diploma in nuclear reactor physics from the National Institute of Sciences and Nuclear Technology of Grenoble, France. This includes site operational services, emergency protective services, external relations, nuclear regulatory affairs, environment and sustainability, asset dispatch and information technology. 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. 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]. 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. However this last poll only had three small sponsors, and those were from members of the Power Poll. Bruce Powers Leadership Team isresponsible for more than 4,000 employees who work to provide Ontario with over 30 per cent of its electricity. They are paid well, but have to work hard and long. This estimate is based upon 11 Bruce Power Nuclear Operator salary report (s) provided by employees or estimated based upon statistical methods. Pay increases are a top concern for 2022 to attract and retain talent, Temporary employee laws: A guide to hiring contract roles, What to include in a termination letter: Template and examples, How to Manage Your Time and Prioritize Your Workload. "The agreement makes 23,000 jobs possible and supports an estimated $6.3 billion in annual, local economic development," said Energy Minister Bob Chiarelli.[5]. Bruce Gray salary at Ontario Power Generation | All things Ontario Sunshine List Bruce Gray Salary: $126,420.19 Year: 2021 Position: Training Technician - Conventional Safety Employer: Ontario Power Generation Category of Employment: Ontario Power Generation Search by name Search by position Ontario Power Generation - 2018 List Employee List In 2020, Bruce Power has had two successful harvests of Cobalt-60, used for the sterilization of medical equipment and for the treatment of certain forms of cancer. Ontario Power Generation employees rated their Recommend to a friend 2% higher than Bruce Power employees rated theirs. DUI: Armando Bucio vomiting from vehicle at Broadway intersection at 1 a.m. ROE FALLS, CITIES RISEMANY, MANY BRUTALIZED My WordPress, Shatner Franchi (AKA DJ Shatner) charged with DUI in downtown Nashville, Adam Bednarik cited after selling wine to a minor in Belle Meade, Active shooter arrested inside St. Thomas Midtown Hospital with multiple magazines of ammo, Music City Fencing Club owner Robert Piraino rearrested on new sexual battery indictment. Phone: 519 361 2673 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. The Bruce A Heavy Water Plant is placed in service. 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. Construction begins on the Bruce Learning Centre (called the Western Nuclear Training Centre at the time). About Bruce PowerFormed in 2001, Bruce Power is an electricity company based in Bruce County, Ontario. The shortcode with the name issuu-popup dose not exist. 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. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Bruce Power President & CEO Mike Rencheck named to Board of Directors for the Nuclear Energy Institute (photo submitted by Bruce Power) By Adam Bell November 13, 2019 1:37pm Mike. - remote from the city - politics when it comes to growing - moving up. Eric joined Bruce Power as the Executive Vice-President, Projects and Field Services, in 2019. 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. It may be worth it in the end but you will not feel respected through the process. Prior to this, he served as President and CEO of AREVA Inc. in North America, leading its diverse nuclear manufacturing and services business in Canada and the United States with a workforce of about 5,000 people. Over 35 years. 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. "About This Company" data & logos provided by. Your email address will not be published. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). Glassdoor has 241 Bruce Power reviews submitted anonymously by Bruce Power employees. Why would the PWU agree with extending Letter of Understanding (LOU) 013 beyond the 2 year extension of the agreement? The left-leaning think tank uses thefigures to highlight the gap between what the average Canadian makes compared to C-suite executives. They are not authored by Glassdoor. [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. 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. Salaries 39 Interviews 40 Benefits 13 Photos Follow + Add a Review Bruce Power Reviews Updated Nov 18, 2022 Find Reviews Clear All Full-time, Part-time English Filter Found 141 of over 239 reviews Sort Popular Popular COVID-19 Related Highest Rating Lowest Rating Most Recent Oldest First 4.2 85 % Recommend to a Friend 82 % Approve of CEO Not to be trusted. Unit 4 is returned to service for the first time since 1998. Over the last 36 years, Mike has served in a number of roles. He also received another $11.48 million in long-term incentive pay, bringing. Phone: 519 361 2673 During its peak, the Bruce A Restart project was named the largest infrastructure project in Canada, and it was widely considered as one of the most complex engineering challenges Ontario has ever seen. President and CEO Duncan Hawthorne announces his retirement after 15 years at the helm of the company. Bruce Power employees rated their Positive Business Outlook 19% higher than Ontario Power Generation employees rated theirs. 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 The information shown here is a reporting of information included in the company's proxy statement. Our Fair Pay score for Bruce Power Inc. is 3.5. As at HUMANA INC, made $0 in total compensation. Despite that 55% pay cut, Papa still easily bested the second-highest paid CEO on the list, Magna Internationals Donald Walker, at $28 million. He is committed to Canadas leading global role in the fight against cancer serving as Chair of the Canadian Nuclear Isotope Council and the Pediatric Oncology Group of Ontario (POGO) and as a Board Member on the Brain Tumour Foundation of Canada. James has an Executive MBA from Londons Ivey Business School. READ FULL BIO Russell Stokes President and CEO, Commercial Engines and Services Scott L. Strazik Bruce Power Salaries How much do Bruce Power employees make? 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 The company also provides more than three million pieces of personal protective equipment to frontline workers, businesses, Indigenous communities and schools to fight COVID-19 the largest announced donation from a private-sector business in Canada. Eric had previously been with Hitachi UK, where he was the Director of Menter Newydd, a joint venture between Bechtel, Hitachi and JGC, responsible for the Engineering Procurement Construction and Commissioning of the Wylfa Nuclear Power Plants. This report is not for commercial use. 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Despite repeated complaints about sexual discrimination, she says Dobie never addressed the issue. A proposal to build four reactors at Bruce B is approved by the Ontario government. (Companies take varying amounts oftime to disclose executive compensation, which is why this ranking covers the year 2016.) Get the inside scoop on jobs, salaries, top office locations, and CEO insights. 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. Great Pay
Having problems? Just seven months into her employment, Dobie reportedly hosted a Zoom call with Julie Peters, Sean Donnelly, and Daryl Swanson, during which he stated Power Poll, LLC, did not have enough money to continue paying them and their contracts had ended. Bloomberg Chief Washington Correspondent Joe Mathieu delivers insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. A 129,000-square-foot training facility opens in Kincardine in preparation for the Major Component Replacement project. Use our tool to get a personalized report on your market worth. 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. Read reviews from current employees that include compensation and culture insights. Bruce A and Bruce B are equipped with eight CANDU nuclear reactors (four at each station). Construction begins on Douglas Point, Canadas first commercial nuclear reactor. HR inquiries: HRhelpdesk@brucepower.com, Contact | Terms of Use | Privacy Policy | Accessibility | Sr. A shift towards, Handling involuntary termination is a likely occurrence for human resources managers and, Return better results with Payscale job search, Compare real living costs across different states, Consider potential directions your career can take, Calculate the 20-year net ROI for US-based colleges, Are you the kind of person who struggles to get a handle, Learn where the best career earners attended college. Kevin is a graduate of the Massachusetts Institute of Technology (MIT) Reactor Technology Course for Utility Executives. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Speaking to the Empire Club of Canada earlier this month, Rencheck unveiled the companys Net Zero 2050 strategy to help Canada eliminate greenhouse gas emissions by 2050. Find out more about salaries and benefits 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. To facilitate this, on Oct. 17, 2005, Bruce Power announced a revision to its structure.[4]. 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 the Society of Energy Professionals. The reports author, CCPA Senior Economist David Macdonald, said the growing gap between CEOs and the average employee is particularly stark as several of these business leadersLoblaw Cos. CEO Galen G. Weston, for instancehave been vocal opponents of raising the minimum wage. 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. The ability of the Company to continue as a going concern is dependent upon managements plans to raise additional capital from the issuance of debt or the sale of stock, its ability to commence profitable sales of its flagship product, and its ability to generate positive operational cash flow.. Prior to joining Bruce Power, Chris held the role of Senior Vice-President, East Operations, at Exelon Nuclear, and Chief Operating Officer, Constellation Energy Nuclear Group. Copyright 2023 St. Joseph Communications. [13] According to Bruce Power, this multi-year plan "will generate between 1,500 and 2,500 jobs on site annually and 18,000 across Ontario directly and indirectly while injecting up to $4 billion annually into Ontario's economy".[14]. 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. Learn more about each company and apply to jobs near you. Executive Compensation Data Year: Trend Analysis As at HUMANA INC, made $0 in total compensation. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. During this time he also served on the due diligence and transition team focusing on the transaction between Bruce Power and Ontario Power Generation. Viewed 18,755 times Apply Online A site bulk steam system is placed in service, while construction begins on the Western Waste Management Facility. PO Box 1540 177 Tie Rd., R.R. From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation. Our Fair Pay score for Bruce Power Inc. is 2.67. For a project this significant, this was a remarkable landmark for the entire industry. We believe in our social responsibility and have award-winning economic development and community betterment initiatives. [7], Bruce Power is developing Unit 7 as an Isotope Production System (IPS). 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. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. 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. Were still collecting data to inform categories such as Age, Disability, Sexual Orientation, and Veteran Status. 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. Mike Renchecks leadership in guiding Bruce Power and supporting local communities through the COVID-19 pandemic has earned the companys President and CEO with the Ontario Business Achievement Awards (OBAA) CEO of the Year honour for 2020. HUMANA INC income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. PO Box 1540 177 Tie Rd., R.R. Not related to the company obviously. We stand in solidarity with Black, Indigenous and People of Colour communities across the world in the unquestionable proclamation that their lives matter. As Chief Development Officer, James leads the companys medical isotope business, net zero initiatives, power trading, business development and Indigenous/community economic partnerships. Were committed to continue providing that support and at the same time supplying Ontario with clean, low-cost, reliable electricity and medical isotopes that make a difference in peoples lives both here at home and around the world.. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. Class B are the full time employees on MCR or other projects who actually make the plant run. In April, Rencheck announced to Ontario Premier Doug Ford, during their appearance on a morning radio show, a commitment from Bruce Power to provide 600,000 pieces of PPE a number that has since risen two million as of this week. Coopers staff at the time shed some doubt on whether he actually paid for the specific question as claimed by Dobie uses in a marketing slide, and say the timing just isnt right. Coronavirus Tips Working and Protection. Toll Free: 1 866 748 4787 Michael W. Rencheck is President and Chief Executive Officer of Bruce Power. If a green pivot is to happen, power grids must become supergrids, continent-spanning networks that can move green energy thousands of miles. See how working at Ontario Power Generation vs. Bruce Power compares on a variety of workplace factors. In the current-time filing with the SEC, Power Poll only had $16K in assets with $97K in debt, yet signed at least one $250K employment contract, with a full $250K severance guarantee, based on what now appears to be ships that had already sailed. 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. 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. Chris has a B.S. 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. This rating has improved by 3% over the last 12 months. Faced with the largest surplus capacity of electricity in its history, Ontario Hydro defers decision made in previous year to retube Unit 2. Bruce Power supports the provinces historic vaccination efforts, working with health units across Ontario to establish mass vaccination hubs. He took over as CEO in 2012. Bruce Power assumes operational control of the site and confirms plans to restart Units 3 and 4. - Lines of communication between workers and management could be more mutually beneficial, nice workspace, friendly colleague, insurance, Learning experience. Her employment contract states shes entitled to a full twelve-month severance package, but she says Dobie wont or cant pay up. Sell your soul and slap on those golden handcuffs. Late in 2011, Bruce Power announced it had decided against advancing the proposal. 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. Kevin has also worked at BDOs Toronto office where he was responsible for managing various operational and financial client groups that consisted of both owner-managed businesses and public companies. Eric is a graduate of the National Polytechnic Institute of Grenoble, France, with a General Engineer Degree specializing in Nuclear Engineering. Electrical Control Technician 465 Salaries $149,022 / yr total Mechanical Technician 464 Salaries $151,362 / yr total Senior Technical Engineer/Officer 433 Salaries $143,092 / yr total Engineer 17 Salaries $132,492 / yr total (Chris Young/CP). Dobie reportedly told her this was a one-time thing due to him receiving commitments from multiple investors that were about to provide a few hundred thousand dollars in investments to Power Poll. On the Power Polls FAQ page, Dobie writes: But not all opinions are equal. Why do people leave their jobs? 2, Tiverton ON,N0G 2T0 Her job was to grow the company as Chief Operating/Chief Revenue Officer, however, she says Dobie would not allow her to attend meetings with potential investors because she was a woman and Nashville is a good ole boys club where women are not usually allowed, according to a quoted statement in the complaint. Bruce Power has continued to perform for Ontarians delivering clean, reliable, low-cost power and medical isotopes while supporting communities and people throughout the province. Naturally, the massive project will provide other benefits. The only daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York. Safety was also a key component of the Restart initiative for both Bruce Power and its contractors. The highest reported salary for an employee at Bruce Power Inc. is currently CA$NaN / year, Streamlined solutions for every step of the compensation management journey, Continuously updated compensation datasets from Payscale and our partners, Flexible, customizable services and support for Payscale customers, End comp guesswork with our free job-pricing tool, From collection to validation, our data methodology delivers certainty, Meet the leaders dedicated to empowering better conversations around pay, Track and compare wage-growth by city, industry, company size, and job category, Access helpful tools and insights for career planning and salary negotiation, Explore real-world career trends and advice from the leaders in compensation, Uncover detailed salary data for specific jobs, employers, schools, and more, Take our salary survey to see what you should be earning. MCR in particular has a great team. Inefficient union workers. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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. Bruce Power Limited Partnership is a Canadian business partnership composed of several corporations. Rehabilitation project approved for Bruce A. James also holds a Masters Degree from the University of Guelph College of Management and Economics in Leadership and a BA (Hons) and has completed Masters-level Project Management certification through York Universitys Schulich Business School. Plans are announced for four nuclear reactors at Bruce A, as well as a Heavy Water Plant. More recently, he was part of the Bruce Power team which successfully negotiated a long-term commercial framework with the Province of Ontario enabling the life extension of the facility up to 2064. Cathy Sprague is the Executive Vice-President of Human Resources at Bruce Power. Decent Location, still cheap to buy as long as you stay out of Port Elgin. Despite what others may say, management is pretty good. On Oct. 17, 2005, Bruce Power reached an agreement with the Ontario Power Authority and launched a $4.25 billion investment program to refurbish and restart Bruce A Units 1 and 2. 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. 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. HUMANA INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Engineering Based on 2 salaries Mechanical Engineer 1 salary SWE 1 salary View More Business Based on 1 salaries Supervisor 1 salary View More Operations Based on 1 salaries Master Scheduler 1 salary A multi-billion dollar agreement is reached between Bruce Power and the Ontario Power Authority paved the way for the refurbishment of Units 1 and 2, which were shut down in 1997 and 1995 respectively. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Many upgrades to our safety systems and emergency response are implemented over the next four years. 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. 86% of Bruce Power employees would recommend working there to a friend based on Glassdoor reviews. 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. 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. 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. Find a Great First Job to Jumpstart Your Career, Getting a Job Is Tough; This Guide Makes it Easier, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve. This rating reflects the overall rating of Bruce Power and is not affected by filters. You may wonder, just how does the Power Poll Operate? After joining AEP in 1998 as VP of Nuclear Engineering, Mike held various positions during his tenure, including Senior Vice President of Engineering, Projects and Field Services, where he led an extensive capital expansion program and strategic initiatives; Senior VP of Engineering, Technical and Environmental Services; and President of AEP ProServ, a wholly-owned engineering and field services subsidiary responsible for major power generation projects and outage management. Try another search query or. Read reviews from current employees that include compensation and culture insights. 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. In January 2022 it announced completion of a facility to produce Lutetium-177, Lu-177 which is used to produce the medical isotope Lutetium (177Lu) oxodotreotide. He is a Professional Engineer and certified senior reactor operator and currently serves on the Advisory Councils of several small modular reactor companies. Bruce Power will assume any risk of financial overruns. Bruce D Morelan is Chairman at Power City Electric Inc. See Bruce D Morelan's compensation, career history, education, & memberships. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. In 2008, Bruce Power applied for a licence to build a nuclear power plant at Cardinal Lake. 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. - Great pay/benefits 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. Michael J. Pearson, Valeants former CEO, smashed the record for the top spot last yearwith $183 million in total compensation; this year Valeants new CEO, Joseph Papa, held on to the number-one ranking with $83 million. Save my name, email, and website in this browser for the next time I comment. Ontario Hydro is divided into five successor companies to prepare for a competitive electricity market. Cons. 86% of employees would recommend working at, According to anonymously submitted Glassdoor reviews, Bruce Power employees rate their compensation and benefits as 4.6 out of 5. General inquiries: info@brucepower.com Find out what works well at Bruce Power from the people who know best. Excellent pay and benifits. - Strong Safety Culture Bruce Power employees achieve 22 million injury-free hours. St. Joseph Communications uses cookies for personalization, to customize its online advertisements, and for other purposes. Before you decide whether variable pay is right for your org, get a deeper understanding of the variable pay options and the cultural impact of pay choices. 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. New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. He is replaced by Mike Rencheck. Winter in the Bruce county area. Learn more at www.brucepower.com and follow us on Facebook, Twitter, LinkedIn, Instagram and YouTube. We are powered by our people. Uncover why Bruce Power is the best company for you. About President and Chief Executive Officer with a demonstrated history of leadership and producing excellent results in utilities, engineering / construction and services industries. We stand in solidarity with Black, Indigenous and People of Colour communities across the world in the unquestionable proclamation that their lives matter. This rating has been stable over the past 12 months. The left-leaning think tank uses the figures to highlight the gap between what the average Canadian makes compared to C-suite executives. The typical Bruce Power Nuclear Operator salary is $139,764 per year. Bruce Power is a leading supplier of medical isotopes that are used worldwide in cancer-fighting treatments and sterilization of medical devices. According to reviews on Glassdoor, employees commonly mention the pros of working at Bruce Power to be coworkers, career development, benefits and the cons to be senior leadership, diversity and inclusion, management. A, B, C, and D. Class D are the folks who work for a vendor and they are treated like drones and paid poorly. The people are mostly highly educated and in general friendly and willing to help solve any issues. It plans to refurbish Units 38 in a $13 billion project, beginning in 2020. 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. 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.. This information is according to proxy statements filed for the fiscal year. Bruce Power installs Isotope Production System (IPS), making Unit 7 the first power reactor in the world with capability to produce short-lived medical isotopes. Mike Rencheck is President/CEO at Bruce Power LP. The initial four reactors were commissioned at Bruce A between 1977 and 1979, while Bruce B's were added between 1984 and 1987. Bruce Power signs a protocol agreement with the Saugeen Ojibway Nation, on whose historical lands the site sits. 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. 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. We are extremely proud to honour Mike Rencheck as CEO of the Year, said Rocco Rossi, President and CEO, Ontario Chamber of Commerce. He is responsible for Major Component Replacement, Project Management and Construction, Asset Management, Sustaining Capital and site-wide Project Controls. Native Hawaiian or Other Pacific Islander, Coming soon! Compare pay for popular roles and read about the team's work-life balance. A copy of the lawsuit is below, which alleges breach of employment contract, sex discrimination, fraudulent inducement, and false and deceptive employment practices. PO Box 1540 177 Tie Rd., R.R. 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? Bruce Powers Life-Extension Program officially begins on Jan. 1, 2016. Bruce Power announces Project 2030, a project to increase the site generation peak to 7,000 MW for the 2030s. Class A are the do nothing folks who get paid full time but work maybe 25 hours a week (this is most everyone at B10 and full time trades at Bruce B and A). Along with the Chief Executive Officer and the other Executive Vice-Presidents, she also serves as a member of the Bruce Power Executive Team and is a member of the management committees dealing with pension administration, human resources and code of conduct. A Fukushima Response program is launched on site after earthquakes and a tsunami in Japan cripple the Fukushima Daiichi nuclear facility. Units 5, 7 and 8 at Bruce B remain online to help restore power to the grid after a massive blackout leaves large parts of Ontario and the northeastern U.S. without power. 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. According to our data, the highest paying job at Bruce Power is a Software Engineer at $175,000 annually while the lowest paying job at Bruce Power is a Technical Engineer at $61,000 annually. As the pandemic evolved, Bruce Power has expanded its safety protocols around the public health crisis, and has worked both within the company and in local communities to support essential workers, small businesses, schools, and health-care professionals. Please note that all salary figures are approximations based upon third party submissions to Indeed. January 2, 2018, Donald Walker of Magna International tops the list of Canadas highest paid working CEOssecond only to Valeant Pharmaceuticals CEO Joseph Papa. There are 4 classes of employees. Previously, Kevin was responsible for Supply Chain, Site Services, Business and Capital Planning, Corporate Finance and Reporting, Treasury and Taxation, Energy Trading, and Pension Asset Management. The story of the Bruce Power site begins in the 1960s when Douglas Point, Canadas first commerical reactor, was built and placed into service. Compare pay for popular roles and read about the team's work-life balance. Board of Directors in CLECO POWER LLC A majority of Bruce Power's employees are also owners in the business. Unit 3 returns to service for the first time since 1998. Prior to his role at Bruce Power, Kevin was responsible for setting up the reporting and governance structure for British Energy in North America. Unit 1 at Bruce A is shut down and placed in layup by the former Ontario Hydro. It is the largest operating nuclear plant in the world by output (Kashiwazaki is currently closed in Japan). [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. The Life-Extension Program, the largest private-sector infrastructure project in Canada, includes the Major Component Replacement Project. The project marked an astounding 24 million hours worked without a single acute lost-time injury. TransCanada Corp. and BPC Generation Infrastructure Trust (OMERS) join Cameco, the Power Workers Union and the Society of Energy Professionals in the Bruce Power partnership, while British Energy withdraws. 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. Note Holders. 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. Find out what works well at Bruce Power from the people who know best. Average Bruce Power Executive Manager yearly pay in Canada is approximately $141,734, which is 73% above the national average. Pros & Cons are excerpts from user reviews. - Good Work/Life Balance 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. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. Bruce Power has worked hard to build strong roots in Ontario and is committed to protecting the environment and supporting the communities in which we live. In this role, he was responsible for 10 of Exelons 21 nuclear reactors at six sites in the United States. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. Bruce Power receives a 10-year operating licence extension from the Canadian Nuclear Safety Commission. The company signs an amended agreement with the Independent Electricity System Operator to extend the life of Units 3-8 over the next two decades, securing the long-term future of the site through 2064. How much do Bruce Power employees make? 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 B Heavy Water Plant is commissioned for service. Please note that all salary figures are approximations based . At Areva, Eric also held a variety of senior roles including Operations Manager, Safety and Product Engineer, Project Manager of the Celestin reactors life extension, Productivity Improvement Director, Vice-President for the Fuel Business and Executive Vice-President of Shaw AREVA MOX Services, LLC. Prior to joining Bruce Power, Cathy most recently served as Corporate Vice-President of Human Resources with J.D. In the lawsuit filed this week, Jill Peters says she was recruited by Bruce Dobie in January of 2021 and in February agreed to help with various tasks for the purpose of helping Power Poll grow. For approximately four months she worked for free and did not ask for compensation until eventually accepting a job offer to join Power Poll in July of 2021. Phone: 519 361 2673 Of this total $0 was received as a salary, $0 was received as a bonus, $0 was received in stock options, $0 was awarded as stock and $0 came from other types of compensation. The OBAAs, hosted by the Ontario Chamber of Commerce, is the most recognized industry gala in Ontario focused on celebrating business success. Under Mikes leadership, Bruce Power has continued to produce 30 per cent of Ontarios electricity at 30 per cent less than the average cost to generate residential power, and the company continues its production of medical isotopes to support health care across Canada and internationally.. This ranking is compiled eachyear by the Canadian Centre for Policy Alternatives, using publicly available data. See the full leadership team at Craft. mostly in public databases and media/press distribution lists, media contacts, city council members, attorneys, judges, and business owner databases. In her role, she led a full range of human resource and labour relations activities for the Corporations 10,000 employees. Class C are direct contractors who have all the responsibilities of full time employees but no benefits (but are paid pretty well). He was previously the companys Executive Vice-President, Nuclear Development. Nuclear Operator salaries at Bruce Power can range from $90,000 - $153,242 per year. Kevin brings more than 25 years of experience in the areas of strategic and operational planning, financial reporting and cost management, treasury, taxation, pension and insurance. 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