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bruce power ceo salary

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. HR inquiries: HRhelpdesk@brucepower.com, Contact | Terms of Use | Privacy Policy | Accessibility | Sr. The shortcode with the name issuu-popup dose not exist. 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. [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]. Please note that all salary figures are approximations based . James Scongack is the Chief Development Officer and Executive Vice-President Operational Services at Bruce Power. 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. Read reviews from current employees that include compensation and culture insights. 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. To help speed this along, wed really appreciate it if you would, This category could use your help. 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. Mike currently sits on the board of directors of the Nuclear Energy Institute. Learn more about nuclear energys rich history on the Bruce site. Construction begins the following 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. St. Joseph Communications uses cookies for personalization, to customize its online advertisements, and for other purposes. During this time he also served on the due diligence and transition team focusing on the transaction between Bruce Power and Ontario Power Generation. Bruce A and Heavy Water Plant construction begins, while a proposal for a bulk steam system is proposed. Late in 2011, Bruce Power announced it had decided against advancing the proposal. 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. See the full leadership team at Craft. 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. We are extremely proud to honour Mike Rencheck as CEO of the Year, said Rocco Rossi, President and CEO, Ontario Chamber of Commerce. In this role, James is responsible for operational services at Bruce Power the Worlds largest operating nuclear facility and Canadas largest private sector clean energy infrastructure project. Pros. Bruce Power will assume any risk of financial overruns. Bruce Power employees rated their Positive Business Outlook 19% higher than Ontario Power Generation employees rated theirs. It is the largest operating nuclear plant in the world by output (Kashiwazaki is currently closed in Japan). 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. 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. 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. This ranking is compiled eachyear by the Canadian Centre for Policy Alternatives, using publicly available data. Pros & Cons are excerpts from user reviews. Why would the PWU agree with extending Letter of Understanding (LOU) 013 beyond the 2 year extension of the agreement? The Ontario government was pleased with that news because the province would not be assuming any financial risk. It exists (as of 2015) as a partnership between TC Energy (31.6%), BPC Generation Infrastructure Trust (61.4%), the Power Workers Union (4%) and The Society of United Professionals (1.2%). 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. Construction begins on additional heavy water plants. Class C are direct contractors who have all the responsibilities of full time employees but no benefits (but are paid pretty well). 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. 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. It may be worth it in the end but you will not feel respected through the process. Douglas Point is powered up for the first time. This rating has been stable over the past 12 months. In this role, he was responsible for 10 of Exelons 21 nuclear reactors at six sites in the United States. It will take you 5-10 years to get from class D to class A. 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. 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]. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. 86% of Bruce Power employees would recommend working there to a friend based on Glassdoor reviews. 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. Bruce Power Limited Partnership is a Canadian business partnership composed of several corporations. Chris has a B.S. He took over as CEO in 2012. Over 35 years. Before joining AEP, Mike worked for Florida Power Corporation serving as Director, Nuclear Engineering and Projects, for Crystal River Nuclear Station. 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. PO Box 1540 177 Tie Rd., R.R. President and CEO Duncan Hawthorne announces his retirement after 15 years at the helm of the company. 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. 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.) This system is not very fair for obvious reasons. 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. 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. 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. MCR in particular has a great team. Bruce Power sets site record for output with 49.02 Terawatt-hours, which equalled 34% of Ontario's electricity. - Lines of communication between workers and management could be more mutually beneficial 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. In 2019, he earned $2.56 million in pay, which includes $1.55 million in base salary plus annual incentive pay. He also has demonstrated a commitment to many organizations that make a difference in peoples lives including Habitat for Humanity and the United Way. Staff and contractors return Units 1 and 2 to service, while life-extension programs on Units 3 and 4 are completed. A site bulk steam system is placed in service, while construction begins on the Western Waste Management Facility. A copy of the lawsuit is below, which alleges breach of employment contract, sex discrimination, fraudulent inducement, and false and deceptive employment practices. Bruce Power operates eight nuclear reactors on Lake Huron where it leases the Bruce site from Ontario Power Generation. New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. HUMANA INC income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. The left-leaning think tank uses the figures to highlight the gap between what the average Canadian makes compared to C-suite executives. 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. mostly in public databases and media/press distribution lists, media contacts, city council members, attorneys, judges, and business owner databases. 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. As Chief Development Officer, James leads the companys medical isotope business, net zero initiatives, power trading, business development and Indigenous/community economic partnerships. 2, Tiverton ON,N0G 2T0 The information shown here is a reporting of information included in the company's proxy statement. 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. Bruce B finishes the year as the top-performing multi-unit nuclear plant in Canada. 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. Naturally, the massive project will provide other benefits. On the Power Polls FAQ page, Dobie writes: But not all opinions are equal. We stand in solidarity with Black, Indigenous and People of Colour communities across the world in the unquestionable proclamation that their lives matter. Cathy graduated from Mount Saint Vincent University, holds a Bachelor of Commerce from St. Marys University and a Master of Business Administration from Athabasca University. (Companies take varying amounts oftime to disclose executive compensation, which is why this ranking covers the year 2016.) However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. 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. Ontario Power Generation employees rated their Recommend to a friend 2% higher than Bruce Power employees rated theirs. Bruce Power is a leading supplier of medical isotopes that are used worldwide in cancer-fighting treatments and sterilization of medical devices. They are not authored by Glassdoor. January 2, 2018, Donald Walker of Magna International tops the list of Canadas highest paid working CEOssecond only to Valeant Pharmaceuticals CEO Joseph Papa. 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. Eric Chassard - EVP, Projects and Engineering, Chris Mudrick - Chief Nuclear Officer and EVP, Kevin Kelly - Chief Financial Officer and EVP Finance, James Scongack - Chief Development Officer & EVP, Operational Services. What is the highest salary at Bruce Power Inc.? Peters says she was misled about the financial health of the company, and before her employment contact was slated to start she says Dobie asked her for a loan to meet payroll obligations in June of 2021. 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. Learn more about each company and apply to jobs near you. This achievement returned the site to full operating capacity for the first time in 17 years. 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. Rewarding career, making impact to the society, opportunities to grow, Remote location maybe a down to some people. 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. 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). Our 4,200 employees are the foundation of our accomplishments and are proud of the role they play in safely delivering clean, reliable, low-cost nuclear power to families and businesses across the province. Glassdoor has millions of jobs plus salary information, company reviews, and interview questions from people on the inside making it easy to find a job thats right for you. Powerful (long-tenure) CEOs also are more likely to also become chair of the board, as well as earn more compensation. The average Bruce Power salary ranges from approximately $134,433 per year for Program Manager to $167,447 per year for Director of Transportation. Not related to the company obviously. Restart of Units 1 and 2 first phase of $4.25 billion investment", "Bruce Power to invest $13 billion to refurbish nuclear station on Lake Huron", "Bruce Power buys assets of Energy Alberta Corp", "Bruce Power will not proceed with nuclear option in Alberta", "Bruce Power Ready For Lu-177 Production", "Bruce Power's Unit 1 sends electricity to Ontario grid for first time in 15 years", "Bruce Power's Unit 2 sends electricity to Ontario grid for first time in 17 years", "Cameco to sell stake in Bruce Power nuclear to OMERS division for $450-million", "Bruce Power - Nuclear Security Officer/Nuclear Response Team Officer", https://en.wikipedia.org/w/index.php?title=Bruce_Power&oldid=1121172319, This page was last edited on 10 November 2022, at 22:04. 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. Bruce Power employees achieve 22 million injury-free hours. Earlier in his career, Mike worked at Public Service Electric & Gas Company Salem Nuclear Generating Station as Director of System Engineering and Duquesne Light Companys Beaver Valley Power Station. 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. Since joining Bruce Power in 2016, Rencheck has overseen the companys operations, isotope programs, and community and economic development efforts while launching a $13-billion Life-Extension Program to extend the operation of its eight nuclear units to 2064. Note Holders. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Prior to joining AREVA, Mike was the Senior Vice President and Chief Nuclear Officer at American Electric Power (AEP). [2] Bruce Power became the world's largest operating nuclear facility in 2012, when Units 1 and 2 returned to operation after a multibillion-dollar refurbishment project. Five of the sites under his leadership operated at the level of industry excellence. The story of the Bruce Power site begins in the 1960s when Douglas Point, Canadas first commerical reactor, was built and placed into service. He also serves on the Board of LifeLabs, Canadas largest provider of medical laboratory services. Winter in the Bruce county area. i look forward to moderating 'next level commerce: unleashing the power of pay,' and exploring #retail challenges, opportunities, emerging trends and charting a path forward for merchants. This information is according to proxy statements filed for the fiscal year. Unit 2 at Bruce A is shut down and placed in layup by the former Ontario Hydro. The shortcode with the name issuu-popup dose not exist. Salary information comes from 37 data points collected . Average Bruce Power hourly pay ranges from approximately $80.00 per hour for Quality Control Manager to $90.00 per hour for Program Manager. Excellent pay and benifits. 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. New research on who's asking for raises and who's getting them as well as advice on how to ensure you're getting the salary you deserve. Despite that 55% pay cut, Papa still easily bested the second-highest paid CEO on the list, Magna Internationals Donald Walker, at $28 million. In her role, she led a full range of human resource and labour relations activities for the Corporations 10,000 employees. 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. 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. 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). 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. Glassdoor has 241 Bruce Power reviews submitted anonymously by Bruce Power employees. Phone: 519 361 2673 When factoring in bonuses and additional . 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. Inefficient union workers. Learn more at www.brucepower.com and follow us on Facebook, Twitter, LinkedIn, Instagram and YouTube. Power Poll boats one of their most successful sponsored questions was purchased by then Metro Council Member, now Mayor of Nashville, John Cooper (slide below). Her role is to oversee Bruce Powers Human Resources function including Labour Relations, Recruitment, Talent Management, Employee Engagement, Wellness and Total Rewards. This report is not for commercial use. Toll Free: 1 866 748 4787 Bruce Power assumes operational control of the site and confirms plans to restart Units 3 and 4. Read reviews from current employees that include compensation and culture insights. Cons. They are paid well, but have to work hard and long. This rating has improved by 3% over the last 12 months. Were a little short on data, but you can help. Ontarios electricity market opens to competition.

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