History is made in Unit 2 with the installation of the first steam generator ever to be replaced in a Canadian nuclear plant. The Ontario government was pleased with that news because the province would not be assuming any financial risk. Bruce Dobie, the sole member and creator of Power Poll, LLC, is being sued in Davidson County Chancery Court by a former employee who says the Nashville entrepreneur hired her with a quarter-million-dollar yearly salary and then abruptly fired her and others a few months later after he could no longer make payroll. Im extremely grateful to the Ontario Chamber of Commerce for the OBAA award and I accept it on behalf of our employees whose collective efforts have kept us safe and healthy through a very challenging 2020, Rencheck said. 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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. This information is according to proxy statements filed for the fiscal year. 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. Electrical Control Technician 465 Salaries $149,022 / yr total Mechanical Technician 464 Salaries $151,362 / yr total Senior Technical Engineer/Officer 433 Salaries $143,092 / yr total Engineer 17 Salaries $132,492 / yr total Ontario Hydro is divided into five successor companies to prepare for a competitive electricity market. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. In October 2012, Bruce Power returned Units 1 and 2 to commercial operation just weeks after synchronizing to Ontario's electricity grid for the first time since 1997 and 1995 respectively. 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. Glassdoor has millions of jobs plus salary information, company reviews, and interview questions from people on the inside making it easy to find a job thats right for you. 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. Nuclear Operator salaries at Bruce Power can range from $90,000 - $153,242 per year. Phone: 519 361 2673 Bruce Power's Leadership Team is responsible for more than 4,000 employees who work to provide Ontario with over 30 per cent of its electricity. In this role, James is responsible for operational services at Bruce Power the Worlds largest operating nuclear facility and Canadas largest private sector clean energy infrastructure project. Before joining AEP, Mike worked for Florida Power Corporation serving as Director, Nuclear Engineering and Projects, for Crystal River Nuclear Station. It may be worth it in the end but you will not feel respected through the process. 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). January 2, 2018, Donald Walker of Magna International tops the list of Canadas highest paid working CEOssecond only to Valeant Pharmaceuticals CEO Joseph Papa. What your skills are worth in the job market is constantly changing. General inquiries: info@brucepower.com Following the financial difficulties of British Energy in the Fall of 2002, the LLP became a wholly Canadian-owned Limited Partnership on Feb. 14, 2003. Previously, Cathy was the Canadian Vice-President of Human Resources for Coca-Cola Enterprises in Toronto. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. Bruce Power announces Project 2030, a project to increase the site generation peak to 7,000 MW for the 2030s. (Companies take varying amounts oftime to disclose executive compensation, which is why this ranking covers the year 2016.) Not related to the company obviously. Phone: 519 361 2673 Bruce Units 1 and 2 are placed in service. 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. Bruce Power Kincardine, ON (Canada) Salaries Salaries in $ (CAD) Average Min Max Engineer 3 salaries $109,636per year $98k $132k $109,636per year $98k $132k Nuclear Operator 3 salaries $130,301per year $70k $169k $130,301per year $70k $169k Project Manager Intern 2 salaries About $110k - $192k $110k $192k About $110k - $192k $110k $192k Average Bruce Power hourly pay ranges from approximately $80.00 per hour for Quality Control Manager to $90.00 per hour for Program Manager. Bruce A and Bruce B are equipped with eight CANDU nuclear reactors (four at each station). Construction begins on the Bruce Learning Centre (called the Western Nuclear Training Centre at the time). 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 [1] It is the licensed operator of the Bruce Nuclear Generating Station, located on the shores of Lake Huron, roughly 250 kilometres northwest of Toronto, between the towns of Kincardine and Saugeen Shores. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Other executives include Mike Rencheck, President and CEO, Director; Eric Chassard, Executive Vice-President, Projects and Engineering and 7 others. It is the largest operating nuclear plant in the world by output (Kashiwazaki is currently closed in Japan). This employer has not claimed their Employer Profile and is missing out on connecting with our community. As at HUMANA INC, made $0 in total compensation. Learn more about Medical Isotopes Life-Extension Our Life-Extension Program, including the Major Component Replacement (MCR) Project, will provide clean, reliable, low-cost electricity to 2064 and beyond. Were still collecting data to inform categories such as Age, Disability, Sexual Orientation, and Veteran Status. Winter in the Bruce county area. Note Holders. Bruce Dobie, the sole member and creator of Power Poll, LLC, is being sued in Davidson County Chancery Court by a former employee who says the Nashville entrepreneur hired her with a quarter-million-dollar yearly salary and then abruptly fired her and others a few months later after he could no longer make payroll. He was previously the companys Executive Vice-President, Nuclear Development. Bruce Power Energy & Utilities Salaries Ontario Power Generation has 8,905 more total submitted salaries than Bruce Power. Mike currently sits on the board of directors of the Nuclear Energy Institute. Bruce Power Limited Partnership is a Canadian business partnership composed of several corporations. 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. 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. 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. Along with the Chief Executive Officer and the other Executive Vice-Presidents, she also serves as a member of the Bruce Power Executive Team and is a member of the management committees dealing with pension administration, human resources and code of conduct. Canadas corporate executives were among the loudest critics of a new fifteen dollar minimum wage in provinces like Ontario and Alberta, meanwhile the highest paid among them were raking in record-breaking earnings, Macdonald said in a news release. Mayor John Cooper is also a reader and participant in the Power Poll. - Strong Safety Culture We believe in our social responsibility and have award-winning economic development and community betterment initiatives. Rewarding career, making impact to the society, opportunities to grow, Remote location maybe a down to some people. Learn more about nuclear energys rich history on the Bruce site. The story of the Bruce Power site begins in the 1960s when Douglas Point, Canadas first commerical reactor, was built and placed into service. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. The ability of the Company to continue as a going concern is dependent upon managements plans to raise additional capital from the issuance of debt or the sale of stock, its ability to commence profitable sales of its flagship product, and its ability to generate positive operational cash flow.. Unit 6 comes online at Bruce B. Bruce Units 3, 4, 6 and 7 place in the Top 10 reactors in the world for the previous years excellent performance. Toll Free: 1 866 748 4787 The pay and benefits are great but working conditions can be any weather from high heat to rain and snow storms. Class C are direct contractors who have all the responsibilities of full time employees but no benefits (but are paid pretty well). Eric had previously been with Hitachi UK, where he was the Director of Menter Newydd, a joint venture between Bechtel, Hitachi and JGC, responsible for the Engineering Procurement Construction and Commissioning of the Wylfa Nuclear Power Plants. Prior to joining Bruce Power, Cathy most recently served as Corporate Vice-President of Human Resources with J.D. Corey Hessen, SVP, Power and Storage, TC Energy Mike Rencheck - President and CEO, Bruce Power Annesley Wallace - EVP and Global Head of Infrastructure, OMERS Mark Warner - Executive Consultant, WSC International, LLC Donald (Don) M. Wishart - Chairman of the Bruce Power Board, EVP Operations and Major Projects, TC Energy (Ret.) 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. During this time he also served on the due diligence and transition team focusing on the transaction between Bruce Power and Ontario Power Generation. It may be worth it in the end but you will not feel respected through the process. Bruce Power installs Isotope Production System (IPS), making Unit 7 the first power reactor in the world with capability to produce short-lived medical isotopes. Chris has more than 33 years of experience in the nuclear power industry, with leadership roles in operations, engineering and projects. Bruce Power sets site record for output with 49.02 Terawatt-hours, which equalled 34% of Ontario's electricity. This system is not very fair for obvious reasons. Ontarios electricity market opens to competition. All salaries and reviews are posted by employees working at Ontario Power Generation vs. Bruce Power. The chart on this page features a breakdown of the total annual pay for , at HUMANA INC as reported in their proxy statements. 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. Earlier in his career, Mike worked at Public Service Electric & Gas Company Salem Nuclear Generating Station as Director of System Engineering and Duquesne Light Companys Beaver Valley Power Station. - Work can feel repetitive Kevin has also worked at BDOs Toronto office where he was responsible for managing various operational and financial client groups that consisted of both owner-managed businesses and public companies. Peters says she was misled about the financial health of the company, and before her employment contact was slated to start she says Dobie asked her for a loan to meet payroll obligations in June of 2021. 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. Mike Rencheck is President/CEO at Bruce Power LP. - Lines of communication between workers and management could be more mutually beneficial Great Pay Prior to his role at Bruce Power, Kevin was responsible for setting up the reporting and governance structure for British Energy in North America. Why do people leave their jobs? Construction begins on Douglas Point, Canadas first commercial nuclear reactor. In 2008, Bruce Power applied for a licence to build a nuclear power plant at Cardinal Lake. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. A Fukushima Response program is launched on site after earthquakes and a tsunami in Japan cripple the Fukushima Daiichi nuclear facility. 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. Dobie also claimed both of the Polls largest advertising customers would be renewing for the new year, despite one of them informing him weeks prior that would not happen. 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. Bruce Power assumes operational control of the site and confirms plans to restart Units 3 and 4. In April, Rencheck announced to Ontario Premier Doug Ford, during their appearance on a morning radio show, a commitment from Bruce Power to provide 600,000 pieces of PPE a number that has since risen two million as of this week. What is the highest salary at Bruce Power Inc.? Were a little short on data, but you can help. A 129,000-square-foot training facility opens in Kincardine in preparation for the Major Component Replacement project. 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. Your email address will not be published. According to reviews on Glassdoor, employees commonly mention the pros of working at Bruce Power to be coworkers, career development, benefits and the cons to be senior leadership, diversity and inclusion, management. Since joining Bruce Power in 2016, Rencheck has overseen the companys operations, isotope programs, and community and economic development efforts while launching a $13-billion Life-Extension Program to extend the operation of its eight nuclear units to 2064. Over the last 36 years, Mike has served in a number of roles. 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. Mike Rencheck - President and CEO Eric Chassard - EVP, Projects and Engineering Chris Mudrick - Chief Nuclear Officer and EVP Kevin Kelly - Chief Financial Officer and EVP Finance This includes site operational services, emergency protective services, external relations, nuclear regulatory affairs, environment and sustainability, asset dispatch and information technology. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Sell your soul and slap on those golden handcuffs. Use our tool to get a personalized report on your market worth. He has also served as the Chief Financial Officer, Acting Chief Executive Officer, Executive Vice-President, Finance and Commercial Services, and Executive Vice-President, Corporate Services. Required fields are marked *. Step-By-Step Pay Equity Analysis Guide Product Guide By clicking Download Product Guide, Do you know what your employees really want for the holidays? Bruce A and Heavy Water Plant construction begins, while a proposal for a bulk steam system is proposed. Powerful (long-tenure) CEOs also are more likely to also become chair of the board, as well as earn more compensation. 2, Tiverton ON,N0G 2T0 We are extremely proud to honour Mike Rencheck as CEO of the Year, said Rocco Rossi, President and CEO, Ontario Chamber of Commerce. [6] Chief Executive Officer Duncan Hawthorne travelled to Peace River, Manning and Grimshaw, Alberta to personally inform the communities that Bruce Power had initiated a process to consider building western Canada's first nuclear power plant. You may also find the annual proxy statement by going directly to the company's website. Learn more at www.brucepower.com and follow us on Facebook, Twitter, LinkedIn, Instagram and YouTube. The Saugeen Ojibway Nation and Bruce Power sign an agreement to jointly market new isotopes, creating new economic opportunities within the SON territory. Read reviews from current employees that include compensation and culture insights. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Bruce Power supports the provinces historic vaccination efforts, working with health units across Ontario to establish mass vaccination hubs. How much do Bruce Power employees make? It plans to refurbish Units 38 in a $13 billion project, beginning in 2020. Under Mikes leadership, Bruce Power has continued to produce 30 per cent of Ontarios electricity at 30 per cent less than the average cost to generate residential power, and the company continues its production of medical isotopes to support health care across Canada and internationally.. Eric is a graduate of the National Polytechnic Institute of Grenoble, France, with a General Engineer Degree specializing in Nuclear Engineering. The left-leaning think tank uses the figures to highlight the gap between what the average Canadian makes compared to C-suite executives. Not to be trusted. Work begins to dismantle Bruce A Heavy Water Plant. 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. The Bruce A Heavy Water Plant is placed in service. HUMANA INC annual reports of executive compensation and pay are most commonly found in the Def 14a documents. HR inquiries: HRhelpdesk@brucepower.com, Contact | Terms of Use | Privacy Policy | Accessibility | Sr. [15] NRT members are permitted to carry and use firearms alongside their powers of arrest. Former Employee - 4th Class Power Engineer, Former Intern - Engineering Development Student, The salary was good and management are friendly. Website: www.brucepower.com Headquarters: Kincardine, Canada Size: 1001 to 5000 Employees Founded: 2001 Type: Company - Private Industry: Energy & Utilities Revenue: $1 to $5 billion (USD) Competitors: Unknown Bruce Power Reviews 4.2 85 % Recommend to a Friend 82 % Approve of CEO Mike Rencheck 44 Ratings 5.0 Just seven months into her employment, Dobie reportedly hosted a Zoom call with Julie Peters, Sean Donnelly, and Daryl Swanson, during which he stated Power Poll, LLC, did not have enough money to continue paying them and their contracts had ended. The average Bruce Power salary ranges from approximately $96,767 per year for an Engineering Trainee to $170,368 per year for a Section Manager.The average Bruce Power hourly pay ranges from approximately $37 per hour for a Development Student to $37 per hour for a Development Student.Bruce Power employees rate the overall compensation and benefits package undefined/5 stars. From 1998 to 2007, Cathy was the Executive Director of Human Resources at the Canadian Broadcasting Corporation with overall responsibility for CBC Radio, CBC Television and digital platforms. Upon completion of the sale, Borealis will become the majority partner of Bruce Power with 56.1 per cent ownership. Your email address will not be published. The innovative IPS was designed and manufactured by Isogen (a Kinectrics and Framatome company).track. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc, Ask anonymous questions on Fishbowl and get real time answers from Ontario Power Generation and Bruce Power employees and others in your industry. 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. Bruce Power will assume any risk of financial overruns. Viewed 18,755 times Apply Online - Great pay/benefits He assumed the role of CEO in 2005 and has led the company to record levels of revenue, increasing from $4.1 billion that year to more than $9 billion in 2018. In addition, she is a graduate of the ICD Program from the Rotman School of Business and holds the ICD.D designation through the Institute of Corporate Directors. There are 4 classes of employees. The company has harvested enough Cobalt-60 to sterilize up to 25 billion pairs of gloves or COVID-19 swabs. He is a Professional Engineer and certified senior reactor operator and currently serves on the Advisory Councils of several small modular reactor companies. [13] According to Bruce Power, this multi-year plan "will generate between 1,500 and 2,500 jobs on site annually and 18,000 across Ontario directly and indirectly while injecting up to $4 billion annually into Ontario's economy".[14]. Find a Great First Job to Jumpstart Your Career, Getting a Job Is Tough; This Guide Makes it Easier, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Bruce Powers Life-Extension Program officially begins on Jan. 1, 2016. The technology is here, but politics may stand in the way. This report is not for commercial use. Faced with the largest surplus capacity of electricity in its history, Ontario Hydro defers decision made in previous year to retube Unit 2. Try another search query or. Despite that 55% pay cut, Papa still easily bested the second-highest paid CEO on the list, Magna Internationals Donald Walker, at $28 million. This achievement returned the site to full operating capacity for the first time in 17 years. HR inquiries: HRhelpdesk@brucepower.com, Contact | Terms of Use | Privacy Policy | Accessibility | Sr. For a project this significant, this was a remarkable landmark for the entire industry. Verify your email to use filters. A copy of the lawsuit is below, which alleges breach of employment contract, sex discrimination, fraudulent inducement, and false and deceptive employment practices. 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. It will take you 5-10 years to get from class D to class A. Please note that all salary figures are approximations based upon third party submissions to Indeed. In 2019, he earned $2.56 million in pay, which includes $1.55 million in base salary plus annual incentive pay. This is a postponement of a project initially planned for 2016; the change was made because the reactors should not require major work as soon as 2016. The shortcode with the name issuu-popup dose not exist. See Mike Rencheck's compensation, career history, education, & memberships. PO Box 1540 177 Tie Rd., R.R. Bruce B Heavy Water Plant is commissioned for service. 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. In May 2001, Bruce Power became the licensed operator of the Bruce Nuclear Generating Station in Tiverton, Ontario. 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. 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. See Bruce Power salaries collected directly from employees and jobs on Indeed. Excellent pay and benifits. Despite repeated complaints about sexual discrimination, she says Dobie never addressed the issue. Uncover why Bruce Power is the best company for you. different field, time management, reporting, schedule risk, opportunity, reporting, small team, authorization, procurement. We stand in solidarity with Black, Indigenous and People of Colour communities across the world in the unquestionable proclamation that their lives matter. They are paid well, but have to work hard and long. Toll Free: 1 866 748 4787 In the lawsuit filed this week, Jill Peters says she was recruited by Bruce Dobie in January of 2021 and in February agreed to help with various tasks for the purpose of helping Power Poll grow. For approximately four months she worked for free and did not ask for compensation until eventually accepting a job offer to join Power Poll in July of 2021. Statement by going directly to the society, opportunities to grow, Remote location a! Rated Bruce Power and Ontario Power Generation award-winning economic Development and community betterment.... 14A documents from employees and jobs on Indeed the best company for.. You know what your employees really want for the Major Component Replacement.! About nuclear energys rich history on the transaction between Bruce Power salaries collected directly from employees and jobs on.... Pairs of gloves or COVID-19 swabs in Kincardine in preparation for the bruce power ceo salary interested in a... 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Decision made in Unit 2 with the name issuu-popup dose not exist learn more about nuclear energys history! Completion of the first time in 17 years value and non-qualified deferred compensation earnings makes! Scoop on jobs, salaries, top office locations, and Veteran Status get the inside scoop on jobs salaries. Gloves or COVID-19 swabs Station in Tiverton, Ontario per year on your market worth experience!, opportunities to grow, Remote location maybe a down to some people tips, bonuses and! Become chair of the total annual pay for, at HUMANA INC as reported in their statements! On those golden handcuffs CEO insights Heavy Water Plant is placed in.... 2001, Bruce Power 3.9 out of 5 for work life balance, 3.8 career. Total annual pay for, at HUMANA INC annual reports of executive compensation, career history, education, amp... In solidarity with Black, Indigenous and people of Colour communities across the world output. 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