Hydro One Networks Inc

Hydro One Networks Inc

Hydro One Networks Inc Careers, Pay and Expert Network

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Hydro One Limited is an electricity transmission and distribution utility serving the Canadian province of Ontario. Hydro One traces its history to the early 20th century and the establishment of the Hydro-Electric Power Commission of Ontario . In October 1998, the provincial legislature passed the Energy Competition Act which restructured Ontario Hydro into separate entities responsible for electrical generation, transmission/delivery, and price management with a final goal of total privatization., Hydro One was established at this time as a corporation under the Business Corporations Act with the Government of Ontario as sole shareholder, making it a Crown corporation. Following its initial public offering on the Toronto Stock Exchange in 2015, the Government of Ontario began selling shares to the public with a final goal of 60% of the company being held by private investors. A report released on 2 December 2015 by the Auditor General of Ontario raised concern with the sale, indicating that power outages are increasing and that Hydro One's equipment is aging and "at very high risk of failing". The estimated cost of necessary repairs was $4.472 billion.

Snapshot

IndustryEnergy
Revenue$5.9 billion
Net Income$682 million
Founded1999
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Total value of jobs:
$3,320,000
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Total Jobs:
7
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Average Pay:
$132,800
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% Masters:
39%

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Hydro One Networks Inc Compensation

Director of Training

$225K

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Average Compensation:$225,000

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