Hydro One Ltd. Chief Executive Officer Mayo Schmidt will retire and the company’s board will be replaced as new Ontario Premier Doug Ford moves to fulfill a promise to shake up the province’s troubled power system in a bid to reduce electricity prices.
Getting rid of Schmidt, 60, was at the top of the agenda for Ford and his Progressive Conservatives who won a provincial election last month. The vote ended 15 years of rule by the Liberal Party which had partially privatized the electricity transmission and distribution company.-- More...
