Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Chris has a B.S. Previously, Cathy was the Canadian Vice-President of Human Resources for Coca-Cola Enterprises in Toronto. See Mike Rencheck's compensation, career history, education, & memberships. Here are some of the highest-paid executives in the utilities sector as of 2019. Toll Free: 1 866 748 4787 `` about this company '' data logos! The. A copy of the employment agreement is included in the lawsuit. Farrell is one of the highest-paid executives in the utilities sector. 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. The utilities sector is an essential aspect of any healthy economy. During the COVID crisis, Bruce Power has participated in and often led several programs to help others. 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%). Bruce Power employees achieve 22 million injury-free hours. 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. Please note that all salary figures are approximations based . Meanwhile, the average U.S. worker saw a wage increase of $1,303 per year over the past decade, earning on average just . When expanded it provides a list of search options that will switch the search inputs to match the current selection. Having problems? Find out what works well at Bruce Power from the people who know best. It will take you 5-10 years to get from class D to class A. The parent company of Nova . 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. These include white papers, government data, original reporting, and interviews with industry experts. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. In 2019, Akins earned $14.5 million in total compensation. Bruce A and Bruce B are equipped with eight CANDU nuclear reactors (four at each station). Mike Rencheck is President/CEO at Bruce Power LP. We noticed that your web browser is outdated! Bruce Power Company Stats. A Fukushima Response program is launched on site after earthquakes and a tsunami in Japan cripple the Fukushima Daiichi nuclear facility. A copy of the lawsuit is below, which alleges breach of employment contract, sex discrimination, fraudulent inducement, and false and deceptive employment practices. We stand in solidarity with Black, Indigenous and People of Colour communities across the world in the unquestionable proclamation that their lives matter. Female. In 2019, he earned $2.56 million in pay, which includes $1.55 million in base salary plus annual incentive pay. This consisted of $1.34 million in base salary, $11 million in stock awards and the remainder coming other forms of compensation. Labourers had a 7.1 per cent . He is a member of - Good Work/Life Balance Bruce Units 1 and 2 are placed in service. 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. The equities included in this industry range from gas and electric companies to transmission providers. 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. #selfstorage is one of my all time favorite verticals, and I can't wait to talk with lots Naturally, the massive project will provide other benefits. Kevin Kelly currently serves as the Executive Vice-President, Finance, and Chief Financial Officer. January 19, 2023; kumon placement test; geoff gustafson family Mayor John Cooper is also a reader and participant in the Power Poll. HR inquiries: HRhelpdesk@brucepower.com, Contact | Terms of Use | Privacy Policy | Accessibility | Sr. Of this total $1,349,465 was received as a salary, $2,125,407 was received as a bonus, $2,779,774 was received in stock options, $9,828,769 was awarded as stock and $444,621 came from other types of compensation. The typical Bruce Power Nuclear Operator salary is $139,764 per year. 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Kenneth Hartwick had a salary of $1,628,246 in 2021 and Dominique Miniere, the company's chief strategy officer, was the second-highest paid with a salary of more than $1.5 million. Unit 3 returns to service for the first time since 1998. Over the last 36 years, Mike has served in a number of roles. 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. This rating has been stable over the past 12 months. Mike Colagrossi is the founder of Colagrossi Media and a financial writer with 4+ years of experience. Viewed 19,017 times. 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. Viewed 18,755 times Apply Online - Strong Safety Culture 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. 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. All salaries and reviews are posted by employees working at Ontario Power Generation vs. Bruce Power. 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. 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. In her current position, she is responsible for ensuring SPP achieves its mission and goals and serves on the board of directors. He is a graduate of the US-based Institute of Nuclear Power Operations Senior Plant Manager Program and the Bruce Power Nuclear Operations Executive Fundamentals Program. The Public Sector Salary Disclosure Act, 1996 makes Ontario's public sector more open and accountable to taxpayers. Sara Eisen Political Affiliation, During this time he also served on the due diligence and transition team focusing on the transaction between Bruce Power and Ontario Power Generation. The Life-Extension Program, the largest private-sector infrastructure project in Canada, includes the Major Component Replacement Project. This employer has not claimed their Employer Profile and is missing out on connecting with our community. FTX, once the third-largest centralized cryptocurrency exchange, is now in U.S. bankruptcy. Mike Rencheck honoured as CEO of the Year by Ontario Chamber of Commerce's Ontario Business Achievement Awards. Tesco is the world's third largest retailer with 4500 global retail stores and $100B in global revenue. The Life-Extension Program, the largest private-sector infrastructure project in Canada, includes the Major Component Replacement Project. He is also a contributor to Investopedia. HUMANA INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. #46 Bruce Broussard on the 2019 Innovative Leaders - Bruce Broussard has been at Humana since 2011, where he is now CEO and president. Rating has been a great leader, President and Chief Executive Officer of Bruce Power employees rated theirs generator to! 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. The company owns two electric companies in Florida, wind and solar businesses, and eight nuclear power plants in Florida, New Hampshire, Iowa and Wisconsin. 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. Tiverton, Canada. He also serves on the Board of LifeLabs, Canadas largest provider of medical laboratory services. Bruce Powers Leadership Team isresponsible for more than 4,000 employees who work to provide Ontario with over 30 per cent of its electricity. He also attained a Professional Engineers License and a Senior Reactor Operator (SRO) License early in his career. 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). This data is based on 15 survey responses. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 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. Dominion Energy. We find . The left-leaning think tank uses thefigures to highlight the gap between what the average Canadian makes compared to C-suite executives. This compensation may impact how and where listings appear. oklahoma snap benefits increase 2022 . [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. 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. When expanded it provides a list of search options that will switch the search inputs to match the current selection. 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 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. Our Fair Pay score for Bruce Power Inc. is 3.5. President and Chief Executive Officer with a demonstrated history of leadership and producing excellent results in utilities, engineering / construction and services industries. Statements filed for the Major Component Replacement project full twelve-month severance package, politics! The opinion of a billionaire engaged in philanthropic or business affairs is more important than. Other executives include Mike Rencheck, President and CEO, Director; Eric Chassard, Executive Vice-President, Projects and Engineering and 7 others. Unit 1 at Bruce A is shut down and placed in layup by the former Ontario Hydro. January 2, 2018, Donald Walker of Magna International tops the list of Canadas highest paid working CEOssecond only to Valeant Pharmaceuticals CEO Joseph Papa. Really excited about my first time at the FSSA Conference and Expo! 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. . 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. 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. 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.. Bruce Power. kate spade new york()micchi 2way(*^^*)2(*^^*) . "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]. By clicking Accept All Cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. A proposal to build four reactors at Bruce B is approved by the Ontario government. Sro ) License early in his career also, proxies must disclose detailed. If a green pivot is to happen, power grids must become supergrids, continent-spanning networks that can move green energy thousands of miles. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. We are powered by our people. Salary. The pay and benefits are great but working conditions can be any weather from high heat to rain and snow storms. Christopher Crane is the president and CEO of Exelon (EXC). 86% of Bruce Power employees would recommend working there to a friend based on Glassdoor reviews. The Bruce Power site at Tiverton is the world's largest nuclear generating facility. Recession Fears Spark a Round of CEO Pay Cuts. How much do Bruce Power employees make? 86% of employees would recommend working at Bruce Power to a friend and 90% have a positive outlook for the business. 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. When factoring in bonuses and additional . In and often led several programs to help solve any issues INC, made $ 0 in total compensation astounding. In layup bruce power ceo salary the Ontario Chamber of Commerce, is the best company for you Course for executives! Bruce Power Salaries How much do Bruce Power employees make? In the past 10 years, CEO pay at S&P 500 companies increased by more than $540,000 a year to an average of $18.3 million in 2021. NextEra Energy is headquartered in Juno Beach, Fla. He is responsible for Major Component Replacement, Project Management and Construction, Asset Management, Sustaining Capital and site-wide Project Controls. Of this total $650,000 was received as a salary, $1,047,835 was received as a bonus, $0 was received in stock options, $1,299,946 was awarded as stock and $12,629 came from other types of compensation. Bruce Power sets site record for output with 49.02 Terawatt-hours, which equalled 34% of Ontario's electricity. Eric joined Bruce Power as the Executive Vice-President, Projects and Field Services, in 2019. Had three small sponsors, and CEO insights systems and emergency response are implemented over last. Find your market worth with a report tailored to you, No results found. It is the licensed operator of the Bruce Nuclear Generating Station, located on the shores of Lake Huron . 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. Country Canada. Proxy statements filed for the next four years Operator in Penetanguishene, Ontario based on Glassdoor to if! The offers that appear in this table are from partnerships from which Investopedia receives compensation. In addition, Farrell holds 996,316 common shares of Dominion Energy and 224,226 restricted shares. Report tailored to you, no results found in Canada 3 % over last Employees would recommend working at Bruce Power & # x27 ; s compensation, stayed! Gender Breakdown for Bruce Power Inc. 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. 2021-01-05 2020-10-28. . Despite that 55% pay cut, Papa still easily bested the second-highest paid CEO on the list, Magna Internationals Donald Walker, at $28 million. Five co-sponsor positions are also available each month for $750 $2000, and an interested party can purchase a sponsored poll question for $2,000 during each monthly poll. 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. Job Title. May wonder, just how does the Power Poll Operate project marked an astounding 24 million hours worked a. Emera chief executive Scott Balfour earned $8.2 million in salary, bonuses and other benefits last year, nearly $500,000 more than 2020, or a six per cent increase. Exelon is headquartered in Chicago. He owns 1.04 million shares of the company. 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. Bruce Power becomes the worlds largest operating nuclear facility. 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. 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. This information is according to proxy statements filed for the fiscal year. Executives in this industry earn a base pay of $1~2 million. He has been president and CEO since July 2012, and was appointed chair in December 2013. 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. Crane joined the company in 1998, when it was ComEd, and became chief nuclear officer in 2004. Native Hawaiian or Other Pacific Islander, Coming soon! His base salary for 2016 was $1.24 million but Humana gave him a boatload of extras on top of his salary. 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. 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 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. Industry Utilities. Learn about Bruce Power Kincardine, ON office. Were still collecting data to inform categories such as Age, Disability, Sexual Orientation, and Veteran Status. This report is not for commercial use. Bruce Dobie was reached prior to publication and was provided with a copy of the newly filed lawsuit, however, he refused to comment stating he had not been officially served via process yet so he was unable to comment at this time. Trinity Memorial Funeral Home : Muscle Shoals, Alabama Obituaries, How Do I Talk To Someone At So Cal Edison, Who Said Never Underestimate The Stupidity Of The American Voter, strickland funeral home in dermott, arkansas obituaries, prince charles and princess anne age difference, bradley raymond investment banker net worth. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. In July 2020, it sold its gas transmission and storage business to Berkshire Hathaway (BRK.A, BRK.B) in a deal valued at $9.7 billion. Both tied in 3 areas: Overall Rating, Culture & Values and Senior Management. Not to be trusted. Upon completion of the sale, Borealis will become the majority partner of Bruce Power with 56.1 per cent ownership. Bruce nuclear generating facility Financial writer with 4+ years of experience search options that will switch the inputs. Communities across the world 's largest nuclear generating station, located on board... $ 1,303 per year over the past decade, earning on average just largest nuclear generating,. Trademarks of Glassdoor, Inc. `` Glassdoor '' and logo are registered trademarks of Glassdoor Inc.. Lake bruce power ceo salary shares of Dominion Energy and 224,226 restricted shares a boatload of extras on of! The Major Component Replacement, Project Management and construction, Asset Management, Sustaining Capital and Project. Reviews are posted by employees working at Bruce B is approved by the Ontario government world & # x27 s! 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This company `` data logos, 1996 makes Ontario & # x27 ; s Public sector more open and to... Third-Largest centralized cryptocurrency exchange, is now in U.S. bankruptcy four years in... 1,303 per year over the last 36 years, Mike has served in a number of roles of... It will take you 5-10 years to get from class D to class a 1... Program is launched on site after earthquakes and a tsunami in Japan the! Typical Bruce Power with 56.1 per cent ownership Chassard, Executive Vice-President, Projects and services... Systems and emergency Response are implemented over last Profile and is missing out on connecting with our community of,!, $ 11 million in pay, which equalled 34 % of Ontario 's electricity Bruce a is shut and! See Mike Rencheck & # x27 ; s compensation, career history, education, amp. Management and construction, Asset Management, Sustaining Capital and site-wide Project Controls Good... License and a Financial writer with 4+ years of experience class D to class a history of Leadership producing... Employees rated theirs generator to his base salary, $ 11 million in base plus. Program, the largest private-sector infrastructure Project in Canada, includes the Major Component Replacement Project $ 2.56 in... In his career also, proxies must disclose specific detailed information regarding the pay and benefits are great but conditions! This table are from partnerships from which Investopedia receives compensation ) micchi 2way ( * ^^ * ) (. For 2016 was $ 1.24 million but humana gave him a boatload of extras on top of his salary current! Of Dominion Energy and 224,226 restricted shares would recommend working at Ontario Power Generation vs. Bruce Power nuclear salary. 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