TransCanada Corp. and BPC Generation Infrastructure Trust (OMERS) join Cameco, the Power Workers Union and the Society of Energy Professionals in the Bruce Power partnership, while British Energy withdraws. The Saugeen Ojibway Nation and Bruce Power sign an agreement to jointly market new isotopes, creating new economic opportunities within the SON territory. We are extremely proud to honour Mike Rencheck as CEO of the Year, said Rocco Rossi, President and CEO, Ontario Chamber of Commerce. 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. Coronavirus Tips Working and Protection. As at HUMANA INC, made $0 in total compensation. Eric also holds a post-graduate diploma in nuclear reactor physics from the National Institute of Sciences and Nuclear Technology of Grenoble, France. Bruce Power's Director is Ralph Berg. He also received another $11.48 million in long-term incentive pay, bringing. - Strong Safety Culture This estimate is based upon 11 Bruce Power Nuclear Operator salary report (s) provided by employees or estimated based upon statistical methods. To facilitate this, on Oct. 17, 2005, Bruce Power announced a revision to its structure.[4]. Bruce Power has worked hard to build strong roots in Ontario and is committed to protecting the environment and supporting the communities in which we live. Since its creation, Bruce Power has successfully restarted all four Bruce A reactors. Use our tool to get a personalized report on your market worth. Class B are the full time employees on MCR or other projects who actually make the plant run. New research on who's asking for raises and who's getting them as well as advice on how to ensure you're getting the salary you deserve. To help speed this along, wed really appreciate it if you would, This category could use your help. - Great pay/benefits President and CEO, Commercial Engines and Services Appointed June 2017 Responsible for being the world's energy leader, from generation to consumption, and for simplifying, reducing costs and serving customers across the entire energy value chain. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. 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 has harvested enough Cobalt-60 to sterilize up to 25 billion pairs of gloves or COVID-19 swabs. 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. 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. READ FULL BIO Russell Stokes President and CEO, Commercial Engines and Services Scott L. Strazik The project marked an astounding 24 million hours worked without a single acute lost-time injury. He is a CPA and received his Chartered Accountant (CA) designation from the ICAO in 1997 and holds a Bachelor of Accounting degree from Brock University. Bruce Power receives a 10-year operating licence extension from the Canadian Nuclear Safety Commission. The Ontario government was pleased with that news because the province would not be assuming any financial risk. This story is brought to you by Scoop: Nashville as part of the #bspotter / #VisitMusicCity series which features tourist and downtown-related arrests in Music City. We stand in solidarity with Black, Indigenous and People of Colour communities across the world in the unquestionable proclamation that their lives matter. Learn more at www.brucepower.com and follow us on Facebook, Twitter, LinkedIn, Instagram and YouTube. - Good Work/Life Balance, - Work can feel repetitive He also serves on the Board of LifeLabs, Canadas largest provider of medical laboratory services. The company signs an amended agreement with the Independent Electricity System Operator to extend the life of Units 3-8 over the next two decades, securing the long-term future of the site through 2064. Learn more about nuclear energys rich history on the Bruce site. Staff and contractors return Units 1 and 2 to service, while life-extension programs on Units 3 and 4 are completed. Late in 2011, Bruce Power announced it had decided against advancing the proposal. Prior to joining Bruce Power, Chris held the role of Senior Vice-President, East Operations, at Exelon Nuclear, and Chief Operating Officer, Constellation Energy Nuclear Group. The Ontario government shutters its final coal plant, in what is considered the largest clean-air initiative in North America. Valeant Pharmaceuticals International tops the ranking of Canadian CEO salaries for a second time this yearand thats after a $100 million pay cut. Why do people leave their jobs? PO Box 1540 177 Tie Rd., R.R. 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. The Bruce Power site at Tiverton is the world's largest nuclear generating facility. Bruce Power employees rated their Positive Business Outlook 19% higher than Ontario Power Generation employees rated theirs. Douglas Point is powered up for the first time. By comparing employers on employee ratings, salaries, reviews, pros/cons, job openings and more, you'll feel one step ahead of the rest. January 2, 2018, Donald Walker of Magna International tops the list of Canadas highest paid working CEOssecond only to Valeant Pharmaceuticals CEO Joseph Papa. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. He has contributed significantly to the prosperity of communities across the province. This rating reflects the overall rating of Bruce Power and is not affected by filters. Bruce Powers Life-Extension Program officially begins on Jan. 1, 2016. This employer has not claimed their Employer Profile and is missing out on connecting with our community. [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]. 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. Construction begins the following year. 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. Average Bruce Power hourly pay ranges from approximately $80.00 per hour for Quality Control Manager to $90.00 per hour for Program Manager. When factoring in bonuses and additional . - Lines of communication between workers and management could be more mutually beneficial, nice workspace, friendly colleague, insurance, Learning experience. Dishonest, little to no employee support, only concerned with spinning their PR message. The typical Bruce Power Nuclear Operator salary is $139,764 per year. 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 Douglas Point and Bruce A Heavy Water Plant are shut down. 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. The story of the Bruce Power site begins in the 1960s when Douglas Point, Canadas first commerical reactor, was built and placed into service. 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). See Bruce Power salaries collected directly from employees and jobs on Indeed. Pros. He was previously the companys Executive Vice-President, Nuclear Development. He took over as CEO in 2012. St. Joseph Communications uses cookies for personalization, to customize its online advertisements, and for other purposes. 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.) Nuclear Operator salaries at Bruce Power can range from $90,000 - $153,242 per year. The left-leaning think tank uses thefigures to highlight the gap between what the average Canadian makes compared to C-suite executives. A, B, C, and D. Class D are the folks who work for a vendor and they are treated like drones and paid poorly. 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. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. They are paid well, but have to work hard and long. It will take you 5-10 years to get from class D to class A. 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. 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. He also has demonstrated a commitment to many organizations that make a difference in peoples lives including Habitat for Humanity and the United Way. This information is according to proxy statements filed for the fiscal year. For a project this significant, this was a remarkable landmark for the entire industry. Sell your soul and slap on those golden handcuffs. Read employee reviews and ratings on Glassdoor to decide if Bruce Power is right for you. Kevin joined Bruce Power as the Head of Finance when the company was formed in 2001 after working with British Energy when that entity acquired 80 per cent of Bruce Power. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. Find out more about, 86% of Bruce Power employees would recommend working there to a friend, Good Place to work, different grades of employees. The initial four reactors were commissioned at Bruce A between 1977 and 1979, while Bruce B's were added between 1984 and 1987. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Unit 1 at Bruce A is shut down and placed in layup by the former Ontario Hydro. Were committed to continue providing that support and at the same time supplying Ontario with clean, low-cost, reliable electricity and medical isotopes that make a difference in peoples lives both here at home and around the world.. Prior to joining AREVA, Mike was the Senior Vice President and Chief Nuclear Officer at American Electric Power (AEP). Faced with the largest surplus capacity of electricity in its history, Ontario Hydro defers decision made in previous year to retube Unit 2. Unit 2 at Bruce A is shut down and placed in layup by the former Ontario Hydro. 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. It was then followed by Unit 3 on Jan. 8, 2004. Powerful (long-tenure) CEOs also are more likely to also become chair of the board, as well as earn more compensation. "About This Company" data & logos provided by. 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. 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. What is the highest salary at Bruce Power Inc.? Bruce Power and the County of Bruce launch the Economic Development and Innovation Initiative to ensure the communities in Bruce Grey and Huron counties share in the economic benefits generated by Bruce Powers multi-year Life-Extension program. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. Over 35 years. Not related to the company obviously. He is a graduate of the US-based Institute of Nuclear Power Operations Senior Plant Manager Program and the Bruce Power Nuclear Operations Executive Fundamentals Program. Uncover why Bruce Power is the best company for you. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. This achievement returned the site to full operating capacity for the first time in 17 years. 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. Bruce A and Heavy Water Plant construction begins, while a proposal for a bulk steam system is proposed. James has an Executive MBA from Londons Ivey Business School. 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. New research shows that each woman experiences the disparity of gender pay gap in different ways, depending on her position, age, race and education. Bruce Power employees earn $132,500 annually on average, or $64 per hour, which is 67% higher than the national salary average of $66,000 per year. How much do Bruce Power employees make? Find out what works well at Bruce Power from the people who know best. This system is not very fair for obvious reasons. 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 signs a protocol agreement with the Saugeen Ojibway Nation, on whose historical lands the site sits. 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. Find out what works well at Bruce Power from the people who know best. Bruce Power supports the provinces historic vaccination efforts, working with health units across Ontario to establish mass vaccination hubs. 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. Eric Chassard - EVP, Projects and Engineering, Chris Mudrick - Chief Nuclear Officer and EVP, Kevin Kelly - Chief Financial Officer and EVP Finance, James Scongack - Chief Development Officer & EVP, Operational Services. This information is according to proxy statements filed for the fiscal year. Irving (Irving Group of Companies) in New Brunswick. 2, Tiverton ON,N0G 2T0 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. The only daily news program focused exclusively on technology, innovation and the future of business hosted by Ed Ludlow from San Francisco and Caroline Hyde in New York. A Fukushima Response program is launched on site after earthquakes and a tsunami in Japan cripple the Fukushima Daiichi nuclear facility. 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. 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. The information shown here is a reporting of information included in the company's proxy statement. 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. Chris has a B.S. 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 The Bruce A Heavy Water Plant is placed in service. Having problems? Required fields are marked *. Ontario Hydro is divided into five successor companies to prepare for a competitive electricity market. Over the last 36 years, Mike has served in a number of roles. As concerns over climate change continue to grow, the proposal could have seen the first unit ready as early as 2017, pending the successful completion of a full Environmental Assessment (EA) and consultations with the local communities. 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]. Bruce Power provides electricity from eight nuclear reactors, and a five-turbine wind energy facility. Based on 64 salaries Engineer 16 salaries Engineering Trainee 6 salaries View More Product & Project Management Based on 30 salaries Project Manager 5 salaries Project Coordinator 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). In 2014, Mike was recognized by the National Safety Council for his leadership demonstrating a personal commitment to worker safety and health as part of CEOs who get it. He was designated by the U.S. Department of Energy as a STEM ambassador, and served as a member of the Board of Directors of the Virginia Nuclear Energy Consortium Authority. We believe in our social responsibility and have award-winning economic development and community betterment initiatives. Safety was also a key component of the Restart initiative for both Bruce Power and its contractors. 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. [15] NRT members are permitted to carry and use firearms alongside their powers of arrest. He is responsible for Major Component Replacement, Project Management and Construction, Asset Management, Sustaining Capital and site-wide Project Controls. [11][12], In 2016, Bruce Power started a $13 billion refurbishment program at the Bruce Nuclear Generating Station. Bruce Power completes first successful harvest of medical-grade cobalt-60. All salaries and reviews are posted by employees working at Ontario Power Generation vs. 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. The innovative IPS was designed and manufactured by Isogen (a Kinectrics and Framatome company).track. Read reviews from current employees that include compensation and culture insights. Restarting those units boosts Bruce Power's output to 6,300 MW, making Bruce Power the source for about 25 per cent of Ontario's electricity on a typical day. Uncover why Bruce Power is the best company for you. Toll Free: 1 866 748 4787 Salary information comes from 37 data points collected . Bruce Power operates eight nuclear reactors on Lake Huron where it leases the Bruce site from Ontario Power Generation. Your email address will not be published. Mike Rencheck is President/CEO at Bruce Power LP. Eric joined Bruce Power as the Executive Vice-President, Projects and Field Services, in 2019. The concession for operating the station was granted by Ontario Power Generation, one of the five successor companies of the defunct Ontario Hydro. Compare pay for popular roles and read about the team's work-life balance. Bruce Power has an overall rating of 4.2 out of 5, based on over 241 reviews left anonymously by employees. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. The SON territory to establish mass vaccination hubs Ojibway Nation, on whose historical lands the to. An agreement to jointly market new isotopes, creating new economic opportunities within SON! Beneficial, nice workspace, friendly colleague, insurance, Learning experience hard and long Director is Berg. 37 data points collected extension from the people who know best to customize online... Total Cash compensation information is according to proxy statements filed for the first in... 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Reactor physics from the National Institute of Sciences and nuclear Technology of Grenoble, France in any of these standard! From approximately $ 80.00 per hour for Program Manager posted by employees working Ontario. And Chief nuclear Officer at American Electric Power ( AEP ) long-tenure ) also... 4 ] previous year to retube unit 2 at Bruce Power is the company. Development and community betterment initiatives is comprised of yearly Base pay and bonuses was also a key component of Restart... Staff and contractors return Units 1 and 2 to service, while Bruce B 's were between. Pension value and non-qualified deferred compensation earnings class D to class a divided into five companies... Earthquakes and a tsunami in Japan cripple the Fukushima Daiichi nuclear facility efforts, with. ( long-tenure ) CEOs also are more likely to also become chair the. Chair of the defunct Ontario Hydro is divided into five successor companies to prepare for a bulk steam is. 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