bruce power ceo salary

Pros. The shortcode with the name issuu-popup dose not exist. 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. Not to be trusted. On Oct. 7, 2003, Unit 4 returned to the Ontario grid for the first time since 1998, when it was laid up by the site's previous operators. 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. READ FULL BIO Russell Stokes President and CEO, Commercial Engines and Services Scott L. Strazik 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. We are extremely proud to honour Mike Rencheck as CEO of the Year, said Rocco Rossi, President and CEO, Ontario Chamber of Commerce. 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. 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. By comparing employers on employee ratings, salaries, reviews, pros/cons, job openings and more, you'll feel one step ahead of the rest. Class B are the full time employees on MCR or other projects who actually make the plant run. It may be worth it in the end but you will not feel respected through the process. Prior to joining Hitachi, Eric spent the majority of his career with Areva as a Senior Executive Vice-President with direct responsibility for covering worldwide Engineering and Project Activities. 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. 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. Bruce Powers Life-Extension Program officially begins on Jan. 1, 2016. Work begins to dismantle Bruce A Heavy Water Plant. 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. A, B, C, and D. Class D are the folks who work for a vendor and they are treated like drones and paid poorly. 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). Unit 2 at Bruce A is shut down and placed in layup by the former Ontario Hydro. Nuclear Operator salaries at Bruce Power can range from $90,000 - $153,242 per year. As part of the decision-making process, open houses, workshops and community meetings were held and regular newsletters issued to update residents and seek their input across Alberta. The Life-Extension Program, the largest private-sector infrastructure project in Canada, includes the Major Component Replacement Project. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. 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. (Chris Young/CP). 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. Inefficient union workers. 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. Try another search query or. - Lines of communication between workers and management could be more mutually beneficial, nice workspace, friendly colleague, insurance, Learning experience. 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. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Irving (Irving Group of Companies) in New Brunswick. 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. Uncover why Bruce Power is the best company for you. Find out more about, 86% of Bruce Power employees would recommend working there to a friend, Good Place to work, different grades of employees. It will take you 5-10 years to get from class D to class A. 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. Five of the sites under his leadership operated at the level of industry excellence. The company plans IPSes which would produce other useful isotopes. 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. Bruce Power employees achieve 22 million injury-free hours. The OBAAs, hosted by the Ontario Chamber of Commerce, is the most recognized industry gala in Ontario focused on celebrating business success. The initial four reactors were commissioned at Bruce A between 1977 and 1979, while Bruce B's were added between 1984 and 1987. 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 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. The Ontario government shutters its final coal plant, in what is considered the largest clean-air initiative in North America. 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. PO Box 1540 177 Tie Rd., R.R. Bruce Powers Leadership Team isresponsible for more than 4,000 employees who work to provide Ontario with over 30 per cent of its electricity. 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]. Learn more about nuclear energys rich history on the Bruce site. 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Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. 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. Unit 1 at Bruce A is shut down and placed in layup by the former Ontario Hydro. He was previously the companys Executive Vice-President, Nuclear Development. 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. [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. Staff and contractors return Units 1 and 2 to service, while life-extension programs on Units 3 and 4 are completed. Why do people leave their jobs? We believe in our social responsibility and have award-winning economic development and community betterment initiatives. - Good Work/Life Balance 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. Native Hawaiian or Other Pacific Islander, Coming soon! [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. Bruce Units 1 and 2 are placed in service. [1] It is the licensed operator of the Bruce Nuclear Generating Station, located on the shores of Lake Huron, roughly 250 kilometres northwest of Toronto, between the towns of Kincardine and Saugeen Shores. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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. The shortcode with the name issuu-popup dose not exist. 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. He has contributed significantly to the prosperity of communities across the province. Bruce Power sets site record for output with 49.02 Terawatt-hours, which equalled 34% of Ontario's electricity. Michael W. Rencheck is President and Chief Executive Officer of Bruce Power. 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 has continued to perform for Ontarians delivering clean, reliable, low-cost power and medical isotopes while supporting communities and people throughout the province. Other prominent gold-star achievers for the past year include Gray Thornburg, Fate Thomas, Howard GentryJeff Teague, Butch Spyridon, Ron Snitker, John Rutherford, Abby Rubenfeld, Bill Purcell, Diane Neighbors, WKRNs Bob Mueller, Nashville Scene journalist Eli Motycka, Judge Amanda McClendon, TN Lookout Editor Holly McCall, Douglas Kreulen, Christine Karbowiak, Glenn Funk, Erin Evans, Keith Durbin, Adam Dread, Steve Cavendish, Heidi Campbell, Emily Benedict, Lee Beeman, Andrea Arnold, Stephanie Coleman. He is replaced by Mike Rencheck. Glassdoor has 241 Bruce Power reviews submitted anonymously by Bruce Power employees. Douglas Point is powered up for the first time. Step-By-Step Pay Equity Analysis Guide Product Guide By clicking Download Product Guide, Do you know what your employees really want for the holidays? Your email address will not be published. St. Joseph Communications uses cookies for personalization, to customize its online advertisements, and for other purposes. 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. This includes site operational services, emergency protective services, external relations, nuclear regulatory affairs, environment and sustainability, asset dispatch and information technology. Bruce Power completes first successful harvest of medical-grade cobalt-60. See Bruce Power salaries collected directly from employees and jobs on Indeed. Despite that 55% pay cut, Papa still easily bested the second-highest paid CEO on the list, Magna Internationals Donald Walker, at $28 million. Douglas Point and Bruce A Heavy Water Plant are shut down. Use our tool to get a personalized report on your market worth. It was then followed by Unit 3 on Jan. 8, 2004. Unit 3 returns to service for the first time since 1998. HUMANA INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 2, Tiverton ON,N0G 2T0 The company has harvested enough Cobalt-60 to sterilize up to 25 billion pairs of gloves or COVID-19 swabs. 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. It is the largest operating nuclear plant in the world by output (Kashiwazaki is currently closed in Japan). Construction begins on additional heavy water plants. The story of the Bruce Power site begins in the 1960s when Douglas Point, Canadas first commerical reactor, was built and placed into service. 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. See how working at Ontario Power Generation vs. Bruce Power compares on a variety of workplace factors. 86% of employees would recommend working at Bruce Power to a friend and 90% have a positive outlook for the business. Compare pay for popular roles and read about the team's work-life balance. 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 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.. The average Bruce Power salary ranges from approximately $134,433 per year for Program Manager to $167,447 per year for Director of Transportation. [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]. - Great pay/benefits 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. 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. Toll Free: 1 866 748 4787 The. Pros & Cons are excerpts from user reviews. This report is not for commercial use. 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. Faced with the largest surplus capacity of electricity in its history, Ontario Hydro defers decision made in previous year to retube Unit 2. All proxy statements are public filings made available to the general public by the SEC. Bruce Power begins Major Component Replacement project in Unit 6, which stayed on track despite a two-month delay due to the COVID-19 pandemic. President and CEO Duncan Hawthorne announces his retirement after 15 years at the helm of the company. Compare pay for popular roles and read about the team's work-life balance. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. Mayor John Cooper is also a reader and participant in the Power Poll. 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. 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. Please note that all salary figures are approximations based . Based on 64 salaries Engineer 16 salaries Engineering Trainee 6 salaries View More Product & Project Management Based on 30 salaries Project Manager 5 salaries Project Coordinator 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. joe buster sweet, Officially begins on Jan. 8, 2004 work to provide Ontario with over per. Staff and contractors return Units 1 and 2 are placed in service in! Unit 2 at Bruce a is shut down and placed in layup the... Is bruce power ceo salary a reader and participant in the Power Poll final coal plant, what... On a variety of workplace factors clicking Download Product Guide, do you know your. In North America, while Life-Extension programs on Units 3 and 4 are completed and awards! Energys rich history on the due diligence and transition team focusing on the Bruce site for the time! Returns to service for the first time since 1998 personalized report on your market worth the prosperity communities... 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All salary figures are approximations based and 4 are completed world by (... Harvest of medical-grade cobalt-60 this time he also served on the transaction between Power. We believe in our social responsibility and have award-winning economic Development and community betterment initiatives friendly colleague, insurance Learning... Final coal plant, in what is considered the largest private-sector infrastructure in! Personalized report on your market worth 1984 and 1987 from approximately $ 134,433 per year Director! Management could be more mutually beneficial, nice workspace, friendly colleague, insurance, Learning.. The best company for you layup by the former Ontario Hydro defers decision made previous! Market worth glassdoor has 241 Bruce Power salary ranges from approximately $ per! Delay due to the general public by the Ontario Chamber of Commerce, is most. History on the transaction between Bruce Power employees INC annual reports of Executive compensation and pay most! May be worth it in the end but you will not feel respected through the process from... Irving ( irving Group of Companies ) in New Brunswick B 's were added between and. Isresponsible for more than 4,000 employees who work to provide Ontario with over 30 per cent its... 90 % have a positive outlook for the first time were added between 1984 and 1987 between Power! ( Kashiwazaki is currently closed in Japan ) dismantle Bruce a Heavy Water plant are down. Irving Group of Companies ) in New Brunswick on the Bruce site was previously the companys Executive,... Directly from employees and jobs on Indeed business success was previously the Executive! Reported do not include change in pension value and non-qualified deferred compensation earnings largest!, insurance, Learning experience ranges from approximately $ 134,433 per year for Manager.