Editorial Cartoon by Graeme MacKay, The Hamilton Spectator – Saturday April 14, 2018
Doug Ford vows to fire CEO and board of Hydro One if elected premier
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. (Source: Hamilton Spectator)
Published in the Niagara Falls Review