TORONTO -- Doug Ford says that if he is elected premier this spring, he will fire the CEO of Hydro One and the company's board of directors.
The Progressive Conservative leader says he would dump CEO Mayo Schmidt because the head of the partially privatized utility presided over a dramatic increase in rates and earned a $6.2 million salary last year.
Tory energy critic Todd Smith says in order to fire Schmidt the government would have to first fire and replace the Hydro One board, which would then have to fire the CEO.
Smith says it's also not clear how much it would cost to fire the CEO since his contract is not public.
Smith says the party will have further details on how it plans to address hydro costs at a later date.
Ontario's election is set for June 7.
Bagikan Berita Ini
Related Posts :
Michelin announces minority stake in alternative guide Le Fooding- Gas prices to remain sky-high to start school year
- 'The Canadian construction sector is for sale,' as Aecon looks for a bidder
- Tension surrounds NAFTA negotiations over low Mexican wages
- Striking workers block highway access to Toronto's Pearson Airport
0 Response to "Doug Ford vows to fire CEO and board of Hydro One if elected premier"
Post a Comment