Energy regulator orders compensation cut in Ontario Power Generation’s nuclear budget
TORONTO – Ontario Power Generation must cut $500 million over the next five years from its nuclear operations budget after the province’s energy regulator took issue with compensation, corporate and administrative costs, including “excessive” pension and benefit levels at the province’s largest electricity producer. The Ontario Energy Board ordered the cuts in a decision released Friday. Story continues below OPG must cut $150 million in pensions and benefits costs by 2021. It will make the other $350 million in…