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Bulletins
Oct 28, 2009
Bruce Power Agreement Amended
New details of July 6, 2009 amendments to the Bruce Power Agreement are revealed in the quarterly reports of Cameco and TransCanada, partners in the Bruce Power Limited Partnership.
Sep 24, 2009
Ontario Launches Feed In Tariff Program
As part of a broad announcement of the government's "ten steps to green energy" plan, Ontario today launched its feed-in tariff program for renewable energy projects.
Sep 22, 2009
OPG Contingency Support Agreement
An agreement with OEFC provides financial support to cover costs at OPG's Nanticoke and Lambton Generating Stations. OPG reports the deal generated Q1 revenue of $39 million, Q2 revenue of $140 million, on average just over $30 for each MWh of production by these plants for the first half of 2009.
Sep 3, 2009
Ontario Closes Four Coal Units
Pitched as "landmark progress" in achieving its climate change goals, the government announces it is closing 2 units at Nanticoke and 2 units at Lambton, 2000 MW in total.
Jun 29, 2009
Ontario Suspends Nuclear Procurement
The Government of Ontario today announced that it has suspended the competitive RFP to procure two replacement nuclear reactors planned for the Darlington site.
Apr 3, 2009
Negative Energy Prices in Ontario
The Hourly Ontario Energy Price was unusually low in March 2009, including 50 hours in the last week of March in which prices were negative. Low prices (and potentially negative off-peak prices) are expected to continue until April 17th.
Feb 23, 2009
Energy Minister Smitherman Tables Green Energy Act
Energy Minister George Smitherman tables Bill 150 - the Green Energy Act - “raising the bar” on the government's energy and environment agenda by accelerating development of renewable energy and promoting a culture of conservation.
Feb 9, 2009
OPG Reduces CO2 Adder to $1/tonne
OPG revises strategy to meet 2009 CO2 Emission Target: (1) notice period for change reduced to 1 week, and (2) CO2 adder reduced to $1/tonne effective Februry 12, 2009.
Sep 18, 2008
Energy Minister Smitherman Directs Power Authority to Revisit System Plan
OEB Hearing up in Air as Ontario Government Orders Changes to the Plan.
May 16, 2008
Ontario Caps Output by Coal Plants
New regulations and directives to OPG will reduce output by one-third in 2009 compared to 2007 output, and by more than half by 2011.
Mar 7, 2008
Ontario Invites Proposals for New Nuclear Reactors
Ontario Energy Minister Gerry Phillips has announced a competitive process to select a vendor to supply new nuclear reactors. Four vendors have been invited to compete in the RFP process.
Mar 7, 2008
Proposed Emission Limits would Effectively Ban Non-Emergency Use of Diesel Engines for Demand Management
Dec 21, 2007
Ontario's Electricity Agency Review Panel Issues Phase 2 Report
The Agency Review Panel appointed by Energy Minister Duncan this past January has issued its report reviewing the roles and relationships among the agencies regarding overlap and duplication and minimizing costs and maximizing effectiveness for Ontario consumers.
Nov 29, 2007
Ontario Throne Speech
Ontario government commits to reduce greenhouse gases by six per cent below 1990 levels by 2014, 15 per cent below by 2020, and 80 per cent below by 2050, in part, by replacing coal, doubling renewables, doubling conservation and modernizing nuclear capacity.
Nov 27, 2007
Hydro One Appoints President and CEO
AMPCO congratulates Laura Formusa on her appointment as President and CEO of Hydro One Inc.
Nov 2, 2007
OPG to Seek 14 Percent Rate Hike on Base Load Output
Ontario Power Generation today begins its pre-submission consultattions on an application to the Ontario Energy Board for rates on its regulated base load nuclear and hydroelectric assets.
Oct 12, 2007
AMPCO 2007 Fall Members' Meeting
The detailed agenda and registration form are now available on-line for AMPCO's 2007 Fall Members' Meeting on November 8 at the Toronto Airport Hilton Hotel. Don't miss this informative event.
Sep 27, 2007
Hydro One Launches New Energy Effeciency Program for Business Customers
Hydro One is offering energy savings incentives to business customers. Programs included fixed incentives for prescribed technologies and incentives up to $150/kW for customized savings programs.
Jun 27, 2007
Ontario Agency Review Panel Releases Phase 1 Report on Executive Compensation
McGuinty government moves forward with panel recommendations on electricity agency executive salaries; implementation will begin with new CEO of Hydro One.
Jun 18, 2007
McGuinty Government Sets Greenhouse Gas Targets
Today Premier McGuinty announced provincial targets for reducing greenhouse gas emissions, to be achieved by shutting down coal plants, promoting energy conservation and investing in infrastructure. As well, the province says it will work with the federal government on national fuel-efficiency and auto emissions standards.
Jan 30, 2007
Study Finds Up to $182 Million Annual Savings From Electricity Demand Response in Mid-Atlantic Region
A study has found that a modest reduction in electricity use during peak hours would reduce energy prices by at least $57 million to $182 million annually in the Mid-Atlantic region.
Jan 27, 2007
Ontario to review electricity agencies
Government-appointed panel to look into executive salaries, other high costs
Jan 10, 2007
An energy policy for Europe: Commission steps up to the energy challenges of the 21st Century
The world today is facing energy and environmental challenge, a challenge that is acute for Europe, and a challenge which is shared by all Member States. This is: how to secure competitive and clean energy for Europe against a backdrop of climate change, escalating global energy demand and future supply uncertainties. If one Member State fails to meet this challenge, other Member States will be affected. If problems arise outside the European Union, they can have an impact on the whole of the EU. This is why Europe needs a strong energy policy. The European Commission' Strategic Energy Review is an important step towards an effective energy policy for Europe.
Dec 4, 2006
ELCON paper faults organized markets, calls for
ELCON (the Electricity Consumers Resource Council) today released a paper reaffirming its commitment to truly competitive electricity markets but emphasizing that today’s organized markets are not competitive and concluding that “if today’s organized markets cannot be fixed…a return to traditional regulation” should be explored. The paper primarily focuses on NY-ISO, ISO-NE and PJM.
Sep 5, 2006
IESO proposal to modify ramp rate assumption
Jun 27, 2007 Print Article
Ontario Agency Review Panel Releases Phase 1 Report on Executive Compensation

QUEEN’S PARK – Energy Minister Dwight Duncan announced today that the government is accepting all the recommendations of the Agency Review Panel. The panel has recommended significant changes to the way executive compensation will be determined at Ontario’s five electricity sector institutions.

 

Some of the key recommendations of the Agency Review Panel include:

 

§          Compensation that reflects the mixed commercial and public interest nature of jobs at these agencies.

§          Using a more appropriate model for setting executive compensation that will result in reduced compensation for top executives at Ontario Power Generation and Hydro One in the order of 25-30%.

§          Setting Ontario Energy Board executive salaries at a rate similar to other Ontario regulatory organizations.

§          Further enhancing the executive salary disclosure system to make it more accessible and transparent by including the rationale for executive compensation decisions.

§          Discouraging the use of “perks” to executives.

 

“I want to thank the members of the panel for their hard work in developing these prudent and responsible recommendations,” said Minister Duncan. “We want to ensure that compensation for top executives at Ontario’s energy agencies strikes a balance of being competitive and responsible to the Ontario ratepayers whom these public institutions serve.”

 

The Minister has written to the chairs of each electricity agency directing implementation of the panel’s recommendations. Hydro One will now proceed to select a new CEO using the panel’s report for determining compensation.

 

The panel’s report builds on the McGuinty government’s commitment to implement transparency across government institutions. Other measures have included enhancing the role of the Auditor General to provide oversight over broader public sector institutions, and requiring that all salaries in the broader public sector are included in the annual Public Sector Salary Disclosure.

 

The Agency Review Panel was established on January 29, 2007 under the Ministry of Energy Act. The panel members include: James Arnett, former Education Minister Dave Cooke, former Attorney-General Charles Harnick Q.C., and Dr. Sharon Manson Singer. The panel will be continuing its work towards a second report, addressing the roles and relationships and human resource-related issues for Ontario’s electricity agencies.

 

A copy of the report and the Agency Review Panel’s Terms of Reference are posted on the Ministry of Energy’s website at www.energy.gov.on.ca.

 

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Media Contacts:

 

Steve Erwin

Minister's Office

(416) 327-3546

 

Sylvia Kovesfalvi

Communications Branch

416-327-4334