bruce power ceo salary
Bruce Power employees earn $132,500 annually on average, or $64 per hour, which is 67% higher than the national salary average of $66,000 per year. For a project this significant, this was a remarkable landmark for the entire industry. The highest reported salary for an employee at Bruce Power Inc. is currently CA$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. 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. 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 Valeant Pharmaceuticals International tops the list for a second year runningeven after a $100 million pay cut for its CEO, By CB Staff What your skills are worth in the job market is constantly changing. Unit 3 returns to service for the first time since 1998. Bruce Power Limited Partnership is a Canadian business partnership composed of several corporations. Verify your email to use filters. Her employment contract states shes entitled to a full twelve-month severance package, but she says Dobie wont or cant pay up. Phone: 519 361 2673 Board of Directors in CLECO POWER LLC PO Box 1540 177 Tie Rd., R.R. Find out more about salaries and benefits at Bruce Power. PO Box 1540 177 Tie Rd., R.R. In 2014, Mike was recognized by the National Safety Council for his leadership demonstrating a personal commitment to worker safety and health as part of CEOs who get it. He was designated by the U.S. Department of Energy as a STEM ambassador, and served as a member of the Board of Directors of the Virginia Nuclear Energy Consortium Authority. 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. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. History is made in Unit 2 with the installation of the first steam generator ever to be replaced in a Canadian nuclear plant. 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. He also attained a Professional Engineers License and a Senior Reactor Operator (SRO) License early in his career. In her role, she led a full range of human resource and labour relations activities for the Corporations 10,000 employees. Read employee reviews and ratings on Glassdoor to decide if Bruce Power is right for you. The only daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York. Phone: 519 361 2673 Following the financial difficulties of British Energy in the Fall of 2002, the LLP became a wholly Canadian-owned Limited Partnership on Feb. 14, 2003. The typical Bruce Power Nuclear Operator salary is $139,764 per year. 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. AEP is a major investor-owned electric utility in the United States, delivering electricity to more than five million customers in 11 states, with 38,000 megawatts of generation assets. Compare pay for popular roles and read about the team's work-life balance. Irving (Irving Group of Companies) in New Brunswick. Viewed 18,755 times Apply Online 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. You may wonder, just how does the Power Poll Operate? Rewarding career, making impact to the society, opportunities to grow, Remote location maybe a down to some people. [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. 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. Michael W. Rencheck is President and Chief Executive Officer of Bruce Power. We stand in solidarity with Black, Indigenous and People of Colour communities across the world in the unquestionable proclamation that their lives matter. From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation. All salaries and reviews are posted by employees working at Ontario Power Generation vs. Bruce Power. The shortcode with the name issuu-popup dose not exist. Bruce Power completes first successful harvest of medical-grade cobalt-60. This information is according to proxy statements filed for the fiscal year. 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. Bruce Power's Leadership Team is responsible for more than 4,000 employees who work to provide Ontario with over 30 per cent of its electricity. Note Holders. PO Box 1540 177 Tie Rd., R.R. 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. 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. In 2005, he was appointed as Vice-President Finance and supported the 2005 Bruce Power Refurbishment Agreement negotiation team and the related restructuring of Bruce Power. A site bulk steam system is placed in service, while construction begins on the Western Waste Management Facility. Prior to joining Bruce Power, Cathy most recently served as Corporate Vice-President of Human Resources with J.D. Bruce Power will assume any risk of financial overruns. - Good Work/Life Balance [15] NRT members are permitted to carry and use firearms alongside their powers of arrest. Bruce B Heavy Water Plant is commissioned for service. He took over as CEO in 2012. Dishonest, little to no employee support, only concerned with spinning their PR message. He was previously the companys Executive Vice-President, Nuclear Development. Following the initial Bruce A Restart project (initiated during the British Energy incumbency) to return to service of Units 3 and 4 (completed in 2003/04), Units 1 and 2 underwent a multibillion-dollar refurbishment after years of dormancy. Please note that all salary figures are approximations based upon third party submissions to Indeed. Find out more about, 86% of Bruce Power employees would recommend working there to a friend, Good Place to work, different grades of employees. 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. 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? This system is not very fair for obvious reasons. 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. Class C are direct contractors who have all the responsibilities of full time employees but no benefits (but are paid pretty well). "Bruce has been a great leader. 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. Cons. He also serves on the Board of LifeLabs, Canadas largest provider of medical laboratory services. Bruce Power employees rated their Positive Business Outlook 19% higher than Ontario Power Generation employees rated theirs. Required fields are marked *. It plans to refurbish Units 38 in a $13 billion project, beginning in 2020. Staff and contractors return Units 1 and 2 to service, while life-extension programs on Units 3 and 4 are completed. The chart on this page features a breakdown of the total annual pay for , at HUMANA INC as reported in their proxy statements. 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. Try another search query or. Find out what works well at Bruce Power from the people who know best. 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. Excellent pay and benifits. 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. In 2020, Bruce Power has had two successful harvests of Cobalt-60, used for the sterilization of medical equipment and for the treatment of certain forms of cancer. 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. Unit 4 is returned to service for the first time since 1998. James has an Executive MBA from Londons Ivey Business School. Eric joined Bruce Power as the Executive Vice-President, Projects and Field Services, in 2019. This estimate is based upon 11 Bruce Power Nuclear Operator salary report (s) provided by employees or estimated based upon statistical methods. As Chief Development Officer, James leads the companys medical isotope business, net zero initiatives, power trading, business development and Indigenous/community economic partnerships. Pros. Ontarios electricity market opens to competition. According to reviews on Glassdoor, employees commonly mention the pros of working at Bruce Power to be coworkers, career development, benefits and the cons to be senior leadership, diversity and inclusion, management. 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. The pay and benefits are great but working conditions can be any weather from high heat to rain and snow storms. 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.. Safety was also a key component of the Restart initiative for both Bruce Power and its contractors. Inefficient union workers. - Strong Safety Culture 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). An additional year of CEO tenure is associated with a 2.2% increase in the probability that the CEO is also board chairman and a 2.4% increase in annual compensation. 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. 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%). 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. Cathy Sprague is the Executive Vice-President of Human Resources at Bruce Power. Why would the PWU agree with extending Letter of Understanding (LOU) 013 beyond the 2 year extension of the agreement? The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Bruce Power Salaries How much do Bruce Power employees make? Uncover why Bruce Power is the best company for you. 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. Bruce Powers Leadership Team isresponsible for more than 4,000 employees who work to provide Ontario with over 30 per cent of its electricity. General inquiries: info@brucepower.com Late in 2011, Bruce Power announced it had decided against advancing the proposal. Bruce Power receives a 10-year operating licence extension from the Canadian Nuclear Safety Commission. About President and Chief Executive Officer with a demonstrated history of leadership and producing excellent results in utilities, engineering / construction and services industries. 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. Other executives include Mike Rencheck, President and CEO, Director; Eric Chassard, Executive Vice-President, Projects and Engineering and 7 others. The concession for operating the station was granted by Ontario Power Generation, one of the five successor companies of the defunct Ontario Hydro. Please note that all salary figures are approximations based . 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. 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 Were still collecting data to inform categories such as Age, Disability, Sexual Orientation, and Veteran Status. Douglas Point is powered up for the first time. What is the highest salary at Bruce Power Inc.? 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. 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]. Work begins to dismantle Bruce A Heavy Water Plant. The people are mostly highly educated and in general friendly and willing to help solve any issues. 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. Mike Rencheck is President/CEO at Bruce Power LP. 2, Tiverton ON,N0G 2T0 Naturally, the massive project will provide other benefits. Compare pay for popular roles and read about the team's work-life balance. Kevin joined Bruce Power as the Head of Finance when the company was formed in 2001 after working with British Energy when that entity acquired 80 per cent of Bruce Power. Not to be trusted. 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 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. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. He has also served as the Chief Financial Officer, Acting Chief Executive Officer, Executive Vice-President, Finance and Commercial Services, and Executive Vice-President, Corporate Services. From 1998 to 2007, Cathy was the Executive Director of Human Resources at the Canadian Broadcasting Corporation with overall responsibility for CBC Radio, CBC Television and digital platforms. HR inquiries: HRhelpdesk@brucepower.com, Contact | Terms of Use | Privacy Policy | Accessibility | Sr. During its peak, the Bruce A Restart project was named the largest infrastructure project in Canada, and it was widely considered as one of the most complex engineering challenges Ontario has ever seen. A copy of the lawsuit is below, which alleges breach of employment contract, sex discrimination, fraudulent inducement, and false and deceptive employment practices. Her role is to oversee Bruce Powers Human Resources function including Labour Relations, Recruitment, Talent Management, Employee Engagement, Wellness and Total Rewards. 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. Bruce D Morelan is Chairman at Power City Electric Inc. See Bruce D Morelan's compensation, career history, education, & memberships. Terrorist attacks in the U.S. prompt the formation of a full-time, rapid-response, armed security force at Bruce Power. [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]. 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. Bruce Power LP Visit website 177 Tie Rd PO Box 1540 Tiverton, ON N0G 2T0 Established in 1960, Bruce Power LP is a private nuclear generating company in Ontario. Mayor John Cooper is also a reader and participant in the Power Poll. 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. In an investors disclosure, it was discovered the Power Poll sells one primary sponsorship for each email survey for between $1,500 and $3,000 monthly. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 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. Bruce B finishes the year as the top-performing multi-unit nuclear plant in Canada. 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. Your email address will not be published. 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. This information is according to proxy statements filed for the fiscal year. Before joining AEP, Mike worked for Florida Power Corporation serving as Director, Nuclear Engineering and Projects, for Crystal River Nuclear Station. HR inquiries: HRhelpdesk@brucepower.com, Contact | Terms of Use | Privacy Policy | Accessibility | Sr. Chris has more than 33 years of experience in the nuclear power industry, with leadership roles in operations, engineering and projects. This achievement returned the site to full operating capacity for the first time in 17 years. 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. A shift towards, Handling involuntary termination is a likely occurrence for human resources managers and, Return better results with Payscale job search, Compare real living costs across different states, Consider potential directions your career can take, Calculate the 20-year net ROI for US-based colleges, Are you the kind of person who struggles to get a handle, Learn where the best career earners attended college. The. 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 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. The technology is here, but politics may stand in the way. Unit 1 was returned to the grid on Sept. 20, 2012, with Unit 2 following shortly thereafter on Oct. 18, 2012.[9][10]. As at HUMANA INC, made $0 in total compensation. Bruce Power employees achieve 22 million injury-free hours. 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. different field, time management, reporting, schedule risk, opportunity, reporting, small team, authorization, procurement. 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 Activities for the corporations 10,000 employees, only concerned with spinning their PR message: @. Compensation-Like awards that do n't fit in any of these other standard categories no! Benefits are great but working conditions can be any weather from high heat to and! 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May wonder, just how does the Power Poll, one of five! Great leader early in his career assume any risk of financial overruns Glassdoor has salaries wages! Generation vs. Bruce Power receives a 10-year operating licence extension from the people are highly! Licence extension from the Canadian Nuclear Safety Commission how they manage compensation shareholders! Company for you Resources with J.D, she led a full range of Human resource and labour relations activities the! To full operating capacity for the first steam generator ever to be replaced in a $ billion... Friendly and willing to help solve any issues and Projects, for Crystal River station... Has salaries, top office locations, and CEO insights making impact to the society, opportunities to grow Remote!