TORONTO - Ontario’s cabinet minister in charge of government purse strings says the $4.5-million pay received by Hydro One’s CEO is “not part of the equation” of cutting electricity costs for consumers.Since the McGuinty Liberals were elected in 2003... they have doubled Ontario's debt.
New filings show that CEO Mayo Schmidt was paid $4.5 million in 2016 — an $850,000 salary plus bonuses — and those top five executives were paid a total of about $11.7 million.
Here's part of the reason...
...Ontario has the highest electricity costs in North America...
