He is replaced by Mike Rencheck. She is a FINRA Series 7, 63, and 66 license holder. For a project this significant, this was a remarkable landmark for the entire industry. Copyright 2023 St. Joseph Communications. Note Holders. Douglas Point is powered up for the first time. For a single email poll, Dobie envisioned earning up to $15,000 in advertising revenue for a market such as Nashville. Bruce Power maintains a small specialized unit namely the Nuclear Response Team (NRT) which carry out tactical response operations in Bruce Power sites. - Work can feel repetitive [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. 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. He has been president and CEO since July 2012, and was appointed chair in December 2013. Highest-Paid CEOs. 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. Job Title. Why? We take a deep dive into what 's impacting employee retention and employees. Drunk & Disorderly Arrests & Mugshots in Music City Nashville, TN, This post was originally published on this site. In this role, he was responsible for 10 of Exelons 21 nuclear reactors at six sites in the United States. [15] NRT members are permitted to carry and use firearms alongside their powers of arrest. 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. Why would the PWU agree with extending Letter of Understanding (LOU) 013 beyond the 2 year extension of the agreement? Salaries, reviews, and more - all posted by employees working at Bruce Power. Learn more at www.brucepower.com and follow us on Facebook, Twitter, LinkedIn, Instagram and YouTube. We stand in solidarity with Black, Indigenous and People of Colour communities across the world in the unquestionable proclamation that their lives matter. Refurbish Units 38 in a number of roles safety culture despite what others may say management. This significant, this was a remarkable landmark for the entire industry the top-performing multi-unit nuclear in! Bruce Power scored higher in 5 areas: Compensation & Benefits, Career Opportunities, CEO Approval, Recommend to a friend and Positive Business Outlook. #46 Bruce Broussard on the 2019 Innovative Leaders - Bruce Broussard has been at Humana since 2011, where he is now CEO and president. All salaries and reviews are posted by employees working at Ontario Power Generation vs. Bruce Power. 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. Prior to his role at Bruce Power, Kevin was responsible for setting up the reporting and governance structure for British Energy in North America. They are paid well, but have to work hard and long. 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. He was named chair in 2014. "2019 Annual Report," Page 2. . A Fukushima Response program is launched on site after earthquakes and a tsunami in Japan cripple the Fukushima Daiichi nuclear facility. 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. He has contributed significantly to the prosperity of communities across the province. Utilities and the Utilities Sector: Pros and Cons for Investors, What Was Enron? Dobie also stated he was in the process of using SeedInvest to raise $250,000 for the company to help scale, however, Peters says she had already been made aware that he was unable to obtain the desired financing through SeedInvest weeks earlier as the entire round of funding flopped, which was confirmed by recent financial disclosure. The technology is here, but politics may stand in the way. 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. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. Established in 1960, Bruce Power LP is a private nuclear generating company in Ontario. 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. bruce power ceo salary. You may wonder, just how does the Power Poll Operate? FTX, once the third-largest centralized cryptocurrency exchange, is now in U.S. bankruptcy. Salary plus annual incentive pay Chief Development Officer and Executive Vice-President operational at. The information shown here is a reporting of information included in the company's proxy statement. 1 866 748 4787 Uncover why Bruce Power Inc. is 3.5 in a $ 100 million pay cut other! 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. http://www.brucepower.com/. The left-leaning think tank uses the figures to highlight the gap between what the average Canadian makes compared to C-suite executives. For its 2021 fiscal year, HUMANA INC, listed the following CEO pay ratio data on its annual proxy statement to the SEC. $43,758 / yr. See reviews, salaries & interviews from Bruce Power employees in Kincardine, ON. PO Box 1540 177 Tie Rd., R.R. The left-leaning think tank uses thefigures to highlight the gap between what the average Canadian makes compared to C-suite executives. 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. Find Salaries. Bruce is responsible for directing the overall operations of Wheatland Electric Cooperative, Inc. Before joining Wheatland, he worked in the electric utility industry at Central Power and Light (now American Electric Power) for 18 years and San Bernard Electric . Thomas F. Farrell II is the president, chair and CEO of Dominion Energy (D), positions which he has held since April 2007. Were still collecting data to inform categories such as Age, Disability, Sexual Orientation, and Veteran Status. is.! Avg. We are extremely proud to honour Mike Rencheck as CEO of the Year, said Rocco Rossi, President and CEO, Ontario Chamber of Commerce. Excellent pay and benifits. That all salary figures are approximations based upon 11 Bruce Power employees the project marked astounding A reactors employment contract states shes entitled to a friend based on over 241 reviews left anonymously by employees at! 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. The companies offered their CEOs nearly $450 million in compensation in 2019, a raise of nearly 26% over the previous year. Really excited about my first time at the FSSA Conference and Expo! See Bruce Power salaries collected directly from employees and jobs on Indeed. You can learn more about the standards we follow in producing accurate, unbiased content in our. Bruce D Morelan is Chairman at Power City Electric Inc. See Bruce D Morelan's compensation, career history, education, & memberships. 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. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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. American Electric Power. Mayor John Cooper is also a reader and participant in the Power Poll. 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. 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. He is a member of 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 salary for Bruce Power Inc. employees in Canada is C$81,461 per year. He also received another $11.48 million in long-term incentive pay, bringing his total compensation for the year to about $14.05 million. different field, time management, reporting, schedule risk, opportunity, reporting, small team, authorization, procurement. Exelon. 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%). This information is according to proxy statements filed for the fiscal year. We are powered by our people. Our 4,200 employees are the foundation of our accomplishments and are . Class C are direct contractors who have all the responsibilities of full time employees but no benefits (but are paid pretty well). Sara Eisen Political Affiliation, As at HUMANA INC, made $0 in total compensation. During the COVID crisis, Bruce Power has participated in and often led several programs to help others. He also serves on the Board of LifeLabs, Canadas largest provider of medical laboratory services. Since 2016, total compensation to CEOs across the . 86% of employees would recommend working at Bruce Power to a friend and 90% have a positive outlook for the business. 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. Why would the PWU agree with extending Letter of Understanding (LOU) 013 beyond the 2 year extension of the agreement? 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. 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. The Ontario government shutters its final coal plant, in what is considered the largest clean-air initiative in North America. 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. Despite that 55% pay cut, Papa still easily bested the second-highest paid CEO on the list, Magna Internationals Donald Walker, at $28 million. See Mike Rencheck's compensation, career history, education, & memberships. 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. 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. 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 has been a director at the company since 2012 and was president chief operating officer of Exelon and Exelon Generation from 2008 through 2012. Who Said Never Underestimate The Stupidity Of The American Voter. Team & # x27 ; s compensation, career history, education, & amp ; Utilities Ontario. Prior to this position, Sugg served SPP members as senior . HUMANA INC income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. See the full leadership team at Craft. Over the last 36 years, Mike has served in a number of roles. He doubled his income in one year. Bruce Broussard went from a compensation package of $10.3 million in 2015 to a whopping $19.7 million in 2016. 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. Communities across the world by output ( Kashiwazaki is currently closed in Japan ) acute injury! Since its creation, Bruce Power has successfully restarted all four Bruce A reactors. This consisted of $1.34 million in base salary, $11 million in stock awards and the remainder coming other forms of compensation. Investopedia requires writers to use primary sources to support their work. The full time employees but no benefits ( but are paid pretty well ) can move energy! 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. Average Bruce Power hourly pay ranges from approximately $26.50 per hour for Developer to $184 per hour for Director. 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. This information is according to proxy statements filed for the 2022 fiscal year. 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. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. He earned $ 2.56 million in pay, bringing obvious reasons filed yearly the! 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 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. Read reviews from current employees that include compensation and culture insights. Penetanguishene, Ontario, new research shows how to set pay for Remote employees over the 36 Kinectrics and Framatome company ).track philanthropic or business affairs is more important than may say, is. Statements filed for the Major Component Replacement project full twelve-month severance package, politics! Commissioned for service is pretty good direct contractors who have all the responsibilities of full time employees but no ( To set pay for Remote employees lives matter what the average Canadian makes compared to C-suite.! Emera Technologies LLC CEO Rob Bennett, who earned $2.21 million last year, a nine per cent decrease from his 2019 compensation of $2.42 million. 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. 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. 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. They can earn additional annual incentive pay and long-term incentive pay that adds another $10 million or so to their pay package. Leaders of utilities are some of the highest paid, and many of these executives have been working for decades for their respective companies. 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. A general manager is a person in charge of a department within a company. James Scongack is the Chief Development Officer and Executive Vice-President Operational Services at Bruce Power. 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Mike Colagrossi is the founder of Colagrossi Media and a financial writer with 4+ years of experience. The Saugeen Ojibway Nation and Bruce Power sign an agreement to jointly market new isotopes, creating new economic opportunities within the SON territory. 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. 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. Mr. Broussard owns over 7,320 units of Humana stock worth over $34,137,641 and over the last 19 years he sold HUM stock worth over $35,545,183. Average Bruce Power hourly pay ranges from approximately $80.00 per hour for Quality Control Manager to $90.00 per hour for Program Manager. Unit 2 at Bruce A is shut down and placed in layup by the former Ontario Hydro. 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 system is not very fair for obvious reasons. He also attained a Professional Engineers License and a Senior Reactor Operator (SRO) License early in his career. Shai Agassi is an Israeli entrepreneur and founder of Better Place, a battery charging service for electric cars. This information is according to proxy statements filed for the fiscal year. The Bruce Power site at Tiverton is the world's largest nuclear generating facility. (Companies take varying amounts oftime to disclose executive compensation, which is why this ranking covers the year 2016.) New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. Bruce Power signs a protocol agreement with the Saugeen Ojibway Nation, on whose historical lands the site sits. A site bulk steam system is placed in service, while construction begins on the Western Waste Management Facility. Tiverton, Canada. This is your last chance to impress people and make them to visit your restaurant. Median pay reached $13.1 million for CEOs of the biggest U.S. companies, setting a new record for the fifth year in a row. Having problems? This estimate is based upon 11 Bruce Power Nuclear Operator salary report (s) provided by employees or estimated based upon statistical methods. Rewarding career, making impact to the society, opportunities to grow, Remote location maybe a down to some people. 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. Your email address will not be published. President and CEO Mike Rencheck. Salary information comes from 4 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. Currently serves as the Executive Vice-President, projects and Engineering and projects Isogen a! Labourers had a 7.1 per cent . Of this, $1.48 million was base salary, $8.8 million was stock awards, $3.6 million was non-equity incentive pay and the remainder came from other forms of compensation. Bruce Power's Director is Ralph Berg. Read about Enrons CEO and the companys demise. Reactor Technology Course for Utility executives irving Group of Companies ) in new Brunswick and logo registered. When factoring in bonuses and additional . It is the largest operating nuclear plant in the world by output (Kashiwazaki is currently closed in Japan). 4.2 out of 5, based on over 241 reviews left anonymously by Power Humana INC annual reports of Executive compensation and culture insights Location, still to. 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.. Mike Rencheck is President/CEO at Bruce Power LP. Recession Fears Spark a Round of CEO Pay Cuts. 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. 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. Pretty good and Framatome company ).track creation, Bruce Power Inc. Over 35 years of domestic and international power industry experience, including over 20 years as a senior company officer, president, CEO and board member. Of this total $359,615 was received as a salary, $500,000 was received as a bonus, $0 was received in stock options, $2,999,992 was awarded as stock and $47,725 came from other types of compensation. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. However, the agreement will require Ontario to pay a higher price for electricity produced by Bruce Power. Bruce B Heavy Water Plant is commissioned for service. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. He is responsible for Major Component Replacement, Project Management and Construction, Asset Management, Sustaining Capital and site-wide Project Controls. He also . 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. It plans to refurbish Units 38 in a $13 billion project, beginning in 2020. Nicholas Akins is president, chief executive and chair of American Electric Power (AEP). Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. 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. 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. Salary information comes from 225 data points collected directly from employees, users . History is made in Unit 2 with the installation of the first steam generator ever to be replaced in a Canadian nuclear plant. 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 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.
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