Hydro One will review executive compensation at the urging of the Ontario Liberal government.
Energy Minister Glenn Thibeault issued a statement Monday evening, announcing the review.
The move comes weeks after PC leader Doug Ford promised to fire Hydro One CEO Mayo Schmidt and the board of directors if elected premier.
Ford blasted the utility for Schmidt’s $6.2 million salary in 2017.
According to the company’s annual shareholders report, Schmidt would be entitled to at least $10 million in severance if he were to be removed from the post.