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 the Society of Energy Professionals. It plans to refurbish Units 38 in a $13 billion project, beginning in 2020. Find out what works well at Bruce Power from the people who know best. The pay and benefits are great but working conditions can be any weather from high heat to rain and snow storms. In May 2001, Bruce Power became the licensed operator of the Bruce Nuclear Generating Station in Tiverton, Ontario. [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. Construction begins on additional heavy water plants. Find your market worth with a report tailored to you, No results found. 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.. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. Unit 4 is returned to service for the first time since 1998. Valeant Pharmaceuticals International tops the ranking of Canadian CEO salaries for a second time this yearand thats after a $100 million pay cut. More recently, he was part of the Bruce Power team which successfully negotiated a long-term commercial framework with the Province of Ontario enabling the life extension of the facility up to 2064. 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 "Work life balance" was the most mentioned, "Pay and benefits" was the most mentioned, Read more Ontario Power Generation reviews (807), Junior Cyber Security Analyst (Contract - 12 months), Instrumentation & Control Technician (Contract up to 2026), Civil Maintainer - Insulator Term (Contract up to 2026). History is made in Unit 2 with the installation of the first steam generator ever to be replaced in a Canadian nuclear plant. 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. Please note that all salary figures are approximations based . 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. different field, time management, reporting, schedule risk, opportunity, reporting, small team, authorization, procurement. Thorough reviews have been conducted to assure this data accurately reflects disclosures. 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. 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. 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. The. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Why would the PWU agree with extending Letter of Understanding (LOU) 013 beyond the 2 year extension of the agreement? Inefficient union workers. 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. 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. Five of the sites under his leadership operated at the level of industry excellence. Bruce Power is a leading supplier of medical isotopes that are used worldwide in cancer-fighting treatments and sterilization of medical devices. See how working at Ontario Power Generation vs. Bruce Power compares on a variety of workplace factors. 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This system is not very fair for obvious reasons. Michael J. Pearson, Valeants former CEO, smashed the record for the top spot last yearwith $183 million in total compensation; this year Valeants new CEO, Joseph Papa, held on to the number-one ranking with $83 million. 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. 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. Bruce B Heavy Water Plant is commissioned for service. 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. Toll Free: 1 866 748 4787 Her employment contract states shes entitled to a full twelve-month severance package, but she says Dobie wont or cant pay up. Pay, Whether you are hiring a single employee , or an entire department of, The labor market is a strange place right now. 86% of employees would recommend working at Bruce Power to a friend and 90% have a positive outlook for the business. The shortcode with the name issuu-popup dose not exist. During this time he also served on the due diligence and transition team focusing on the transaction between Bruce Power and Ontario Power Generation. Executive Compensation Data Year: Trend Analysis As at HUMANA INC, made $0 in total compensation. This ranking is compiled eachyear by the Canadian Centre for Policy Alternatives, using publicly available data. 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%). He also received another $11.48 million in long-term incentive pay, bringing. You may wonder, just how does the Power Poll Operate? Cathy Sprague is the Executive Vice-President of Human Resources at Bruce Power. 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. Bruce Power employees rated their Positive Business Outlook 19% higher than Ontario Power Generation employees rated theirs. 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. 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. He took over as CEO in 2012. 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. Why do people leave their jobs? Ontarios electricity market opens to competition. 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). He is a Professional Engineer and certified senior reactor operator and currently serves on the Advisory Councils of several small modular reactor companies. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Despite repeated complaints about sexual discrimination, she says Dobie never addressed the issue. Bruce Power maintains a small specialized unit namely the Nuclear Response Team (NRT) which carry out tactical response operations in Bruce Power sites. You can even search on the Power Poll website to see which people they have spammed after harvesting their email address have responded, signed up, and even their participation rate in the monthly power polls. Uncover why Bruce Power is the best company for you. A proposal to build four reactors at Bruce B is approved by the Ontario government. 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 A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 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. Toll Free: 1 866 748 4787 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. Kevin Kelly currently serves as the Executive Vice-President, Finance, and Chief Financial Officer. Bruce Power announces Project 2030, a project to increase the site generation peak to 7,000 MW for the 2030s. 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 Safety was also a key component of the Restart initiative for both Bruce Power and its contractors. 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. According to anonymously submitted Glassdoor reviews, Bruce Power employees rate their compensation and benefits as 4.6 out of 5. (Companies take varying amounts oftime to disclose executive compensation, which is why this ranking covers the year 2016.) Restart of Units 1 and 2 first phase of $4.25 billion investment", "Bruce Power to invest $13 billion to refurbish nuclear station on Lake Huron", "Bruce Power buys assets of Energy Alberta Corp", "Bruce Power will not proceed with nuclear option in Alberta", "Bruce Power Ready For Lu-177 Production", "Bruce Power's Unit 1 sends electricity to Ontario grid for first time in 15 years", "Bruce Power's Unit 2 sends electricity to Ontario grid for first time in 17 years", "Cameco to sell stake in Bruce Power nuclear to OMERS division for $450-million", "Bruce Power - Nuclear Security Officer/Nuclear Response Team Officer", https://en.wikipedia.org/w/index.php?title=Bruce_Power&oldid=1121172319, This page was last edited on 10 November 2022, at 22:04. Through an application filed with the Canadian Nuclear Safety Commission, Bruce Power sought approval to prepare a site that could generate 4,000 MW of electricity from two to four reactors that would not produce greenhouse gases or air pollutants. Excellent pay and benifits. Phone: 519 361 2673 Compare pay for popular roles and read about the team's work-life balance. Faced with the largest surplus capacity of electricity in its history, Ontario Hydro defers decision made in previous year to retube Unit 2. Bruce Power operates eight nuclear reactors on Lake Huron where it leases the Bruce site from Ontario Power Generation. What is the highest salary at Bruce Power Inc.? President and CEO Duncan Hawthorne announces his retirement after 15 years at the helm of the company. - Lines of communication between workers and management could be more mutually beneficial Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. All salaries and reviews are posted by employees working at Ontario Power Generation vs. 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. 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. 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. 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. Her role is to oversee Bruce Powers Human Resources function including Labour Relations, Recruitment, Talent Management, Employee Engagement, Wellness and Total Rewards. Michael W. Rencheck is President and Chief Executive Officer of Bruce Power. Bruce Power signs a protocol agreement with the Saugeen Ojibway Nation, on whose historical lands the site sits. It may be worth it in the end but you will not feel respected through the process. He has contributed significantly to the prosperity of communities across the province. If a green pivot is to happen, power grids must become supergrids, continent-spanning networks that can move green energy thousands of miles. The left-leaning think tank uses the figures to highlight the gap between what the average Canadian makes compared to C-suite executives. The information shown here is a reporting of information included in the company's proxy statement. DUI: Armando Bucio vomiting from vehicle at Broadway intersection at 1 a.m. ROE FALLS, CITIES RISEMANY, MANY BRUTALIZED My WordPress, Shatner Franchi (AKA DJ Shatner) charged with DUI in downtown Nashville, Adam Bednarik cited after selling wine to a minor in Belle Meade, Active shooter arrested inside St. Thomas Midtown Hospital with multiple magazines of ammo, Music City Fencing Club owner Robert Piraino rearrested on new sexual battery indictment. Bloomberg Chief Washington Correspondent Joe Mathieu delivers insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. Decent Location, still cheap to buy as long as you stay out of Port Elgin. Mike Rencheck is President/CEO at Bruce Power LP. 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. 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]. HR inquiries: HRhelpdesk@brucepower.com, Contact | Terms of Use | Privacy Policy | Accessibility | Sr. The shortcode with the name issuu-popup dose not exist. 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. It will take you 5-10 years to get from class D to class A. 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). 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. 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. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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. 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. The Bruce Power site at Tiverton is the world's largest nuclear generating facility. Cons. It was then followed by Unit 3 on Jan. 8, 2004. - remote from the city - politics when it comes to growing - moving up. Read employee reviews and ratings on Glassdoor to decide if Bruce Power is right for you. PO Box 1540 177 Tie Rd., R.R. - Strong Safety Culture General inquiries: info@brucepower.com 2, Tiverton ON,N0G 2T0 Our 4,200 employees are the foundation of our accomplishments and are proud of the role they play in safely delivering clean, reliable, low-cost nuclear power to families and businesses across the province. A 129,000-square-foot training facility opens in Kincardine in preparation for the Major Component Replacement project. Bruce Power supports the provinces historic vaccination efforts, working with health units across Ontario to establish mass vaccination hubs. They are not authored by Glassdoor. We stand in solidarity with Black, Indigenous and People of Colour communities across the world in the unquestionable proclamation that their lives matter. A multi-billion dollar agreement is reached between Bruce Power and the Ontario Power Authority paved the way for the refurbishment of Units 1 and 2, which were shut down in 1997 and 1995 respectively. 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, Tiverton ON,N0G 2T0 i look forward to moderating 'next level commerce: unleashing the power of pay,' and exploring #retail challenges, opportunities, emerging trends and charting a path forward for merchants. Were still collecting data to inform categories such as Age, Disability, Sexual Orientation, and Veteran Status. From compensation planning to variable pay to pay equity analysis, we surveyed 4,900+ organizations on how they manage compensation. Use our tool to get a personalized report on your market worth. PO Box 1540 177 Tie Rd., R.R. 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. Drunk & Disorderly Arrests & Mugshots in Music City Nashville, TN, This post was originally published on this site. 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. 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. 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. (Chris Young/CP). Prior to joining AREVA, Mike was the Senior Vice President and Chief Nuclear Officer at American Electric Power (AEP). Note Holders. 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. January 2, 2018, Donald Walker of Magna International tops the list of Canadas highest paid working CEOssecond only to Valeant Pharmaceuticals CEO Joseph Papa. 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. Construction begins the following year. Note Holders. This year's 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. Over 35 years. Despite that 55% pay cut, Papa still easily bested the second-highest paid CEO on the list, Magna Internationals Donald Walker, at $28 million. 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. Then followed by Unit 3 on Jan. 8, bruce power ceo salary the PWU agree with extending of... To class a company for you and values and 3.8 for career opportunities included in the unquestionable proclamation that lives... 13 billion project, beginning in 2020 discrimination, she says Dobie never addressed bruce power ceo salary... 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