Doug Ford Vows to Oust Hydro One CEO If Elected Ontario Premier
TORONTO—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.
Ontario’s election is set for June 7.