Copyright 2023 St. Joseph Communications. Phone: 519 361 2673 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 2008, Bruce Power applied for a licence to build a nuclear power plant at Cardinal Lake. Bruce B finishes the year as the top-performing multi-unit nuclear plant in Canada. Toll Free: 1 866 748 4787 Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Unit 2 at Bruce A is shut down and placed in layup by the former Ontario Hydro. Bruce Power supports the provinces historic vaccination efforts, working with health units across Ontario to establish mass vaccination hubs. Plans are announced for four nuclear reactors at Bruce A, as well as a Heavy Water Plant. Drunk & Disorderly Arrests & Mugshots in Music City Nashville, TN, This post was originally published on this site. Kevin brings more than 25 years of experience in the areas of strategic and operational planning, financial reporting and cost management, treasury, taxation, pension and insurance. 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. 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. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Bruce Power assumes operational control of the site and confirms plans to restart Units 3 and 4. Prior to joining Bruce Power, Cathy most recently served as Corporate Vice-President of Human Resources with J.D. Phone: 519 361 2673 The pay and benefits are great but working conditions can be any weather from high heat to rain and snow storms. 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. Bruce Power maintains a small specialized unit namely the Nuclear Response Team (NRT) which carry out tactical response operations in Bruce Power sites. Ontario Hydro is divided into five successor companies to prepare for a competitive electricity market. [15] NRT members are permitted to carry and use firearms alongside their powers of arrest. 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 operates eight nuclear reactors on Lake Huron where it leases the Bruce site from Ontario Power Generation. A, B, C, and D. Class D are the folks who work for a vendor and they are treated like drones and paid poorly. Staff and contractors return Units 1 and 2 to service, while life-extension programs on Units 3 and 4 are completed. He is replaced by Mike Rencheck. Toll Free: 1 866 748 4787 Note Holders. PO Box 1540 177 Tie Rd., R.R. Rehabilitation project approved for Bruce A. As the pandemic evolved, Bruce Power has expanded its safety protocols around the public health crisis, and has worked both within the company and in local communities to support essential workers, small businesses, schools, and health-care professionals. We stand in solidarity with Black, Indigenous and People of Colour communities across the world in the unquestionable proclamation that their lives matter. The initial four reactors were commissioned at Bruce A between 1977 and 1979, while Bruce B's were added between 1984 and 1987. The OBAAs, hosted by the Ontario Chamber of Commerce, is the most recognized industry gala in Ontario focused on celebrating business success. Over 35 years. 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. The company plans IPSes which would produce other useful isotopes. The information shown here is a reporting of information included in the company's proxy statement. 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. In 2014, Cameco announced it had agreed to sell its 32% shareholding in Bruce Power to BPC Generation Infrastructure Trust (Borealis Infrastructure) for $450 million. - Great pay/benefits 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? Not to be trusted. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. Why would the PWU agree with extending Letter of Understanding (LOU) 013 beyond the 2 year extension of the agreement? Bruce Powers Leadership Team isresponsible for more than 4,000 employees who work to provide Ontario with over 30 per cent of its electricity. 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. Uncover why Bruce Power is the best company for you. Power Poll boats one of their most successful sponsored questions was purchased by then Metro Council Member, now Mayor of Nashville, John Cooper (slide below). The average Bruce Power salary ranges from approximately $96,767 per year for an Engineering Trainee to $170,368 per year for a Section Manager.The average Bruce Power hourly pay ranges from approximately $37 per hour for a Development Student to $37 per hour for a Development Student.Bruce Power employees rate the overall compensation and benefits package undefined/5 stars. 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. Note Holders. Read reviews from current employees that include compensation and culture insights. Kevin is a graduate of the Massachusetts Institute of Technology (MIT) Reactor Technology Course for Utility Executives. Michael W. Rencheck is President and Chief Executive Officer of Bruce Power. Employees also rated Bruce Power 3.9 out of 5 for work life balance, 3.8 for culture and values and 3.8 for career opportunities. The Life-Extension Program, the largest private-sector infrastructure project in Canada, includes the Major Component Replacement Project. Coronavirus Tips Working and Protection. Bruce Power is a leading supplier of medical isotopes that are used worldwide in cancer-fighting treatments and sterilization of medical devices. 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. Kevin has also worked at BDOs Toronto office where he was responsible for managing various operational and financial client groups that consisted of both owner-managed businesses and public companies. However this last poll only had three small sponsors, and those were from members of the Power Poll. Uncover why Bruce Power is the best company for you. Construction begins on additional heavy water plants. Faced with the largest surplus capacity of electricity in its history, Ontario Hydro defers decision made in previous year to retube Unit 2. 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). We stand in solidarity with Black, Indigenous and People of Colour communities across the world in the unquestionable proclamation that their lives matter. 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. 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 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. Mike currently sits on the board of directors of the Nuclear Energy Institute. 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.. Decent Location, still cheap to buy as long as you stay out of Port Elgin. You may wonder, just how does the Power Poll Operate? Unit 1 is ranked the top reactor in the world with a 97% capability factor. 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. 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. Compare pay for popular roles and read about the team's work-life balance. Eric joined Bruce Power as the Executive Vice-President, Projects and Field Services, in 2019. He also attained a Professional Engineers License and a Senior Reactor Operator (SRO) License early in his career. - Lines of communication between workers and management could be more mutually beneficial Base pay: $1.4 million Stock options and awards: $14 million Other: $6 million Perks: $66,446 for use of company aircraft; home security system and club membership.. This rating reflects the overall rating of Bruce Power and is not affected by filters. Kevin Kelly currently serves as the Executive Vice-President, Finance, and Chief Financial Officer. General inquiries: info@brucepower.com Unit 6 comes online at Bruce B. Bruce Units 3, 4, 6 and 7 place in the Top 10 reactors in the world for the previous years excellent performance. This rating has been stable over the past 12 months. Read reviews from current employees that include compensation and culture insights. In addition to the leadership of the Human Resources function for Canada, she was also on the North American HR Leadership team designing and developing HR programs and services for North America. 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. 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. In this role, he was responsible for 10 of Exelons 21 nuclear reactors at six sites in the United States. Bruce Power employees rated their Positive Business Outlook 19% higher than Ontario Power Generation employees rated theirs. For a project this significant, this was a remarkable landmark for the entire industry. We believe in our social responsibility and have award-winning economic development and community betterment initiatives. To help speed this along, wed really appreciate it if you would, This category could use your help. He has been awarded the Provincial Diamond Leadership Award by Easter Seals for his work supporting the organization and kids with physical disabilities and is a recipient of Canadas Top 40 Under 40. Our Fair Pay score for Bruce Power Inc. is 2.67. 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. 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. A 129,000-square-foot training facility opens in Kincardine in preparation for the Major Component Replacement project. Find out more about, 86% of Bruce Power employees would recommend working there to a friend, Good Place to work, different grades of employees. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. The Ontario government was pleased with that news because the province would not be assuming any financial risk. - Good Work/Life Balance, - Work can feel repetitive Ontario Power Generation employees rated their Recommend to a friend 2% higher than Bruce Power employees rated theirs. PO Box 1540 177 Tie Rd., R.R. Her employment contract states shes entitled to a full twelve-month severance package, but she says Dobie wont or cant pay up. 86% of Bruce Power employees would recommend working there to a friend based on Glassdoor reviews. Bruce A and Heavy Water Plant construction begins, while a proposal for a bulk steam system is proposed. 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. HR inquiries: HRhelpdesk@brucepower.com, Contact | Terms of Use | Privacy Policy | Accessibility | Sr. He also has demonstrated a commitment to many organizations that make a difference in peoples lives including Habitat for Humanity and the United Way. Mayor John Cooper is also a reader and participant in the Power Poll. General inquiries: info@brucepower.com 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. Construction begins the following year. He is a CPA and received his Chartered Accountant (CA) designation from the ICAO in 1997 and holds a Bachelor of Accounting degree from Brock University. - Great pay/benefits 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. We stand in solidarity with Black, Indigenous and People of Colour communities across the world in the unquestionable proclamation that their lives matter. The shortcode with the name issuu-popup dose not exist. Bruce Power provides electricity from eight nuclear reactors, and a five-turbine wind energy facility. There are 4 classes of employees. Powerful (long-tenure) CEOs also are more likely to also become chair of the board, as well as earn more compensation. Bruce Power has worked hard to build strong roots in Ontario and is committed to protecting the environment and supporting the communities in which we live. 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. According to our data, the highest paying job at Bruce Power is a Software Engineer at $175,000 annually while the lowest paying job at Bruce Power is a Technical Engineer at $61,000 annually. HR inquiries: HRhelpdesk@brucepower.com, Contact | Terms of Use | Privacy Policy | Accessibility | Sr. Bruce Power Energy & Utilities Salaries Ontario Power Generation has 8,905 more total submitted salaries than Bruce Power. General inquiries: info@brucepower.com 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. 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. 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. 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.. 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. 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. During this time he also served on the due diligence and transition team focusing on the transaction between Bruce Power and Ontario Power Generation. Nuclear Power Reactor Operator in Penetanguishene, Ontario, New research shows how to set pay for remote employees. The typical Bruce Power Nuclear Operator salary is $139,764 per year. 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 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. Unit 1 was returned to the grid on Sept. 20, 2012, with Unit 2 following shortly thereafter on Oct. 18, 2012.[9][10]. Her role is to oversee Bruce Powers Human Resources function including Labour Relations, Recruitment, Talent Management, Employee Engagement, Wellness and Total Rewards. 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 site bulk steam system is placed in service, while construction begins on the Western Waste Management Facility. 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. Unit 1 at Bruce A is shut down and placed in layup by the former Ontario Hydro. 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. 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]. In 2019, he earned $2.56 million in pay, which includes $1.55 million in base salary plus annual incentive pay. The highest reported salary for an employee at Bruce Power Inc. is currently CA$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 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. Bruce Powers Life-Extension Program officially begins on Jan. 1, 2016. Bruce B Heavy Water Plant is commissioned for service. - Strong Safety Culture Units 3 and 4 are shut down and placed in layup by the former Ontario Hydro. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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 Units 1 and 2 are placed in service. This system is not very fair for obvious reasons. 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. You may also find the annual proxy statement by going directly to the company's website. Bruce Power has an overall rating of 4.2 out of 5, based on over 241 reviews left anonymously by employees. It was then followed by Unit 3 on Jan. 8, 2004. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Non-Qualified deferred compensation earnings for bruce power ceo salary opportunities proposal for a licence to a... Of Technology ( MIT ) Reactor Technology Course for Utility Executives Power, most! This was a remarkable landmark for the Major Component Replacement project values and 3.8 for culture and and... Are completed plant at Cardinal Lake may wonder, just how does the Power Poll Operate and betterment! 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Chuck Robbins Political Affiliation,