McGuinty Government Ensuring Continued Efficiency At Ontario's Largest
TORONTO, March 14 /CNW/ - Ontario Minister of Energy Gerry Phillips has
appointed James Arnett as the new chair of Hydro One, effective March 31.
Hydro One is the provincially-owned utility that develops and maintains most
of the province's electricity transmission system. It also provides local
electrical service in many largely rural parts of the province.
James Arnett recently chaired a provincial panel that recommended
significant changes to the way compensation is set for senior executives in
Ontario's public electricity sector, including Hydro One. The panel also made
recommendations on how Ontario's five electricity sector institutions can work
together more efficiently.
Arnett succeeds Rita Burak, who is stepping down after nearly five years
"James Arnett is the ideal choice to lead the board that governs Hydro
One," said Minister of Energy Gerry Phillips. "His business experience and
familiarity with our electricity sector will help us move forward Ontario's
long-term plan for a secure, reliable and affordable electricity system."
- Hydro One is fully owned by the Government of Ontario.
- Hydro One operates one of the 10 largest electricity transmission and
distribution systems in North America.
- Hydro One employs over 5,500 Ontarians, and serves 92 municipal
utilities, 113 large industrial customers, and over 1.3 million
direct residential, farm and small business customers.
Learn more about Hydro One by visiting www.hydroone.com.
For a biography of James Arnett, see below:
JAMES ARNETT Q.C.
James Arnett recently chaired the Agency Review Panel, which considered
the way executive compensation is determined for Ontario's public electricity
sector organizations, as well how these organizations could work more together
He has had a distinguished career as a senior executive, corporate
director and lawyer.
In his role as counsel for Fraser Milner Casgrain LLP, Mr. Arnett provides
advice to lawyers and clients drawing on 30 years of experience as a senior
business lawyer. From 2004 to 2006, he was a special advisor to the premier on
the steel industry.
Mr. Arnett is a former president and CEO of Molson Inc. Between 1997 and
2000 he led the transformation of Molson Inc. from a diversified holding
company to a focused brewing company.
Prior to that, he spent 24 years as a senior partner in a major Canadian
law firm with significant experience as the Toronto Corporate/Commercial Head
and as a resident partner in the firm's Washington, D.C. office.
Mr. Arnett holds a Bachelor of Arts degree and an LL.B from the University
of Manitoba, as well as an LL.M from the Harvard Law School.
Disponible en français
For further information:
For further information: Alan Findlay, Minister's Office, (416)
327-3546; Sylvia Kovesfalvi, Communications Branch, (416) 327-4334