On November 30, 2015, the Ivey Energy Policy and Management Centre hosted two events on the topic of Electricity privatization and restructuring in Ontario and abroad. A special keynote address was given at each event by guest speaker, Professor Stephen Littlechild.
The morning event, hosted in conjunction with the Council for Clean & Reliable Electricity, ran from 11:45am until 1:30pm. Panel speakers included Stephen Littlechild, Jan Carr, and David Hay.
The second event, an Ivey Idea Forum, began at 4:30pm, lasting until 6:00pm. Panel speakers included Stephen Littlechild, Dwight Duncan, and John McManus.
Watch the Keynote Address
To download Stephen Littlechild's complete presentation slidedeck, click here.
To download Jan Carr's complete presentation slidedeck, click here.
Panellists
Stephen Littlechild
Stephen Littlechild is Emeritus Professor, University of Birmingham, and Fellow, Judge Business School, University of Cambridge. He is also an international consultant on competition, privatisation and regulation in the utility sector. Professor Littlechild advised the UK government on the regulation of the privatised industries during the 1980s. This included designing RPI-X incentive regulation for BT in 1983. He was the first Director General of Electricity Supply and head of the Office of Electricity Regulation (OFFER) from 1989-98. Previously he was Professor of Commerce at the University of Birmingham (1975-89) and Member of the Monopolies and Mergers Commission (1983-89). He has also been an Expert Member of the Airport Price Control Advisory Group of the Civil Aviation Authority (2005-9), and Commissioner at Postcomm (2006-11). He has advised the World Bank, governments, regulatory agencies and regulated companies in many countries including the UK, Poland, India, Algeria, Thailand, Philippines, Argentina, Brazil, Mexico, Italy, Germany, Australia, New Zealand, South Africa, Saudi Arabia, China, Russia, Romania, Guernsey, Jersey and Canada. He has also published some 200 papers on regulatory and other issues. Professor Littlechild has a Bachelor of Commerce degree (University of Birmingham) and a PhD (University of Texas at Austin). He was awarded honorary degrees D Sc (Hon) (University of Birmingham) and D Civ Law (Hon) (University of East Anglia).
Jan Carr
Jan Carr was the Chief Executive Officer of the Ontario Power Authority from January 2005 – September 2008. Previously, he was Vice Chair of the Ontario Energy Board. Dr. Carr has 43 years of experience in the electricity sector as a professional engineer, holding senior positions in the design and planning of electricity transmission and distribution systems. He is a member of the board of the Alberta Electric System Operator, an advisor to Gowlings, and he is a member of the Advisory Board for the Ivey Energy Policy and Management Centre at Western University. Dr. Carr formerly served on the Board of Directors of Guelph Hydro, TransAlta Power, Legend Power Systems, and Macquarie Canadian Infrastructure Management. He was a member of the Advisory Committee on Competition in Ontario’s Electricity System (the Macdonald Committee) and Chairman of the Electricity Task Force of the Toronto Board of Trade. He was Commissioner and Chairman of the municipal electric utility in Niagara-on-the-Lake and a board member and regional Chair of the Municipal Electric Association in Ontario. In 2007 he was awarded a medal for Management by the Ontario Professional Engineers. He received an honourary degree from the University of Waterloo in 2010 and was inducted as a Fellow into the Canadian Academy of Engineering in 2012. In 2013, the Association of Power Producers of Ontario awarded him its Hedley Palmer Award and in 2015 he was inducted into the University of Toronto’s Engineering Alumni Hall of Distinction.
David Hay
David Hay is the former CEO of New Brunswick Power Corporation, and the former Vice Chairman of CIBC World Markets Inc. where he focused on senior relationships with power and utility and infrastructure clients. David has also led transactions for the sale by Borealis of its stake in Express Pipelines, for GDF Suez in the sell down of its Canadian Renewables business, and for Cameco in the sale of its interest in the Bruce B Nuclear Power Station to Borealis. With New Brunswick Power Corporation, he and his team executed a turnaround of the corporation. He was appointed by a Conservative government and renewed by a subsequent Liberal government. Focus was on operations, HR and financial performance. A ten percent reduction in headcount, introduction of Balanced Scorecard methodology and other techniques turned four years of losses ($156 million) into five profitable years ($285 million). A failed fuel deal with Venezuela was rehabilitated through a $338 million settlement with the Chavez government. HR focus on “people at their best” resulted in a Top 100 Employer designation for the past three years and a zero lost time accident record over a 12 month period. Prior to NB Power, David orchestrated the IPO financing for Star Choice Communications, and the TSX public takeover of Champion Road Machinery by Volvo. From 1984 to 1996 David worked for Merrill Lynch in Toronto, and London England, with the bulk of his career spent in European Mergers and Acquisitions, leading to his role as Managing Director. On his return to Canada, David was a Senior Vice President and Director responsible for Mergers and Acquisitions. A lawyer by training, he started his career at Osler, Hoskin & Harcourt in Toronto, was a Law Clerk at the Supreme Court of Ontario, and taught part time at both the University of Toronto and University of New Brunswick.
Dwight Duncan
Along with being a senior strategic advisor at McMillan LLP, Dwight Duncan also advises a number of other businesses and is a Special Advisor to the Ontario Municipal Employees Retirement System (OMERS). He has had a distinguished career in public service, which spanned close to 25 years. During his time as a Member of the Ontario Legislature he served as Deputy Premier, Minister of Finance, Chair of the Management Board of Cabinet, Chair of Cabinet, Government House Leader, Minister of Energy, Minister of Revenue, Minister of Government Services and Opposition House Leader. He delivered six budgets and authored historic reforms to Ontario's tax, pension, insurance, and energy regimes. Duncan also had Ministerial responsibility for the Ontario Securities Commission, the Ontario Energy Board, Hydro One, and Ontario Power Generation. He holds an honours Bachelor of Commerce and an MBA from the University of Windsor, as well as a B.A. in Economics from McGill University.
John McManus
In his role as Senior Advisor, John McManus supports the CIO, Private Markets and the Borealis leadership team in infrastructure asset management, assessment of investment opportunities, relationship development and mentorship. McManus joined Borealis in 2001 and has held a number of key senior roles, most recently as head of the London U.K. office. He has significant operational, advisory and board expertise in sectors ranging from regulated utilities to nuclear power to telecommunications satellite technology. He has been responsible for the Borealis/OMERS investment in Bruce Power since its inception. McManus also serves on the boards of High Speed 1, Associated British Ports, Scotia Gas Networks, Caruna Networks and Detroit River Tunnel Partnership (DRTP). He has a Bachelor of Commerce from the University of Toronto and holds both a Chartered Professional Accountant and Chartered Accountant designation.
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