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Executive Compensation

Executive Compensation

This is the Chippawa-Queenston Power Canal under construction in 1920. The sluice gate is 48-feet-wide! It's now kn… https://t.co/Xq9NZZG66x

Thu Apr 26 15:05:23

@RogerGlennAllen Hi Roger, you can learn about how we store and manage nuclear waste here: https://t.co/TtvnxTo9tM

Thu Apr 26 14:49:21

@DavidSimCheung That's the cost of power from Darlington and Pickering. The overall OPG rate in 2021 (blended nucle… https://t.co/BaXkHcXUz8

Wed Apr 25 20:21:13

OPG's Executive Compensation Program

In September 2016, the Government of Ontario introduced Regulation 304/16: Executive Compensation Framework (the “Regulation”). The Regulation sets out how all employers designated under the Broader Public Sector Executive Compensation Act, 2014 (“BPSECA”) must establish and post executive compensation programs for executives. The Regulation requires all designated employers to have a written Executive Compensation Program (the “program”) that describes the compensation they may provide to executives. The program must include the following:

  • compensation philosophy; 
  • salary and performance-related pay caps; 
  • comparative analysis details; and 
  • a description of other elements of compensation.

The program becomes effective on the date a compliant executive compensation program is posted on that designated employer’s website.

OPG’s Executive Compensation Program is effective as of Jan. 1, 2017, the date of this posting.

Overview of Public Feedback

In accordance with Regulation 304/16: Executive Compensation Framework (the “Regulation”), OPG posted its proposed Executive Compensation Program on Nov. 30, 2016 for public consultation. The consultation period has now ended and OPG has reviewed the feedback.

In total, there were four comments received during the public consultation process. Generally, the comments were questions seeking clarification on OPG’s posting.

OPG has reviewed these questions and determined that the feedback received on the posting does not alter OPG’s Executive Compensation Program.

As such, OPG’s Executive Compensation Program will be in effect, in compliance with the Regulation, as of Jan. 1, 2017.

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