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Denzil Fernandes

Independent Electricity System Operator/Specialist Solutions / Spécialiste – Solutions

2025 Salary

$172,053

Total compensation $172,390, including $337 in taxable benefits.

Source: Ontario’s Public Sector Salary Disclosure — names paid $100,000 or more that year. How we build this · Report an error on this page

At a Glance
2025

Employer Rank

#312

Independent Electricity System Operator

Years on List

22

2004–2025

Peak Salary

$172,053

2025

Full 2025 roster at Independent Electricity System Operator →·See where $172,053 ranks →

Total Compensation History

Total compensation by yearLine chart of 22 yearly values of total compensation, from $104,450 in 2004 to $172,390 in 2025.$100K$120K$140K$160K$180K200420092013201620212025
Total compensation, 2004–2025. Axis starts at $100,000, the Sunshine List disclosure threshold.

Full History
2004–2025

$103,964 in 2004 is worth about $163,046 in 2025 dollars.

Full salary history, by year
YearPositionSalary
2025Specialist Solutions / Spécialiste – SolutionsIndependent Electricity System Operator$172,053Benefits $337Total $172,390
2024Specialist Solutions / Spécialiste - SolutionsIndependent Electricity System Operator$164,832Benefits $329Total $165,161
2023Specialist Solutions / Spécialiste – SolutionsIndependent Electricity System Operator / Opérateur indépendant de réseau d'électricité$171,992Benefits $370Total $172,362
2022Specialist Solutions / Spécialiste – SolutionsIndependent Electricity System Operator$159,013Benefits $428Total $159,441
2021Specialist Solutions / Spécialiste - SolutionsIndependent Electricity System Operator$153,344Benefits $424Total $153,768
2020Specialist Solutions / Spécialiste – SolutionsIndependent Electricity System Operator$144,300Benefits $414Total $144,714
2019Specialist Solutions / Spécialiste – SolutionsIndependent Electricity System Operator$140,551Benefits $431Total $140,982
2018Specialist Solutions / Spécialiste – SolutionsIndependent Electricity System Operator$137,227Benefits $510Total $137,737
2017Specialist Solutions / Spécialiste, SolutionsIndependent Electricity System Operator / Opérateur Indépendant De Réseau D'Électricité$144,024Benefits $505Total $144,529
2016Engineer/Officer-Solutions / Spécialiste technique – SolutionsIndependent Electricity System Operator$141,426Benefits $551Total $141,977
2015Engineer/Officer-Solutions / Spécialiste technique – SolutionsIndependent Electricity System Operator$162,992Benefits $550Total $163,542
2014Engineer / Officer-Solutions / Spécialiste technique - SolutionsIndependent Electricity System Operator$163,561Benefits $680Total $164,241
2013Engineer/Officer, SolutionsIndependent Electricity System Operator$138,995Benefits $689Total $139,683
2012Engineer/Officer, SolutionsIndependent Electricity System Operator$135,362Benefits $634Total $135,995
2011Engineer/Officer, SolutionsIndependent Electricity System Operator$136,202Benefits $543Total $136,745
2010Engineer/Officer, SolutionsIndependent Electricity System Operator$132,556Benefits $519Total $133,075
2009Engineer/Officer, SolutionsIndependent Electricity System Operator$134,808Benefits $506Total $135,314
2008Engineer/Officer, SolutionsIndependent Electricity System Operator$137,163Benefits $584Total $137,747
2007Engineer/Officer, SolutionsIndependent Electricity System Operator$118,610Benefits $567Total $119,177
2006Engineer/Officer, SolutionsIndependent Electricity System Operator$111,638Benefits $527Total $112,165
2005Engineer/Officer, SolutionsIndependent Electricity System Operator$108,792Benefits $512Total $109,304
2004Engineer/Officer, SolutionsIndependent Electricity System Op.$103,964Benefits $486Total $104,450

Take-Home Pay
(After Tax) · 2025 estimate

Of the $172,053 Denzil Fernandes earned in 2025, roughly $116,021 would remain after income tax, CPP and EI, an all-in deduction rate of about 32.6%. It is up about 4% on the $164,832 paid in 2024. On total compensation of $172,390, Denzil Fernandes ranked #312 of 1,002 disclosed at Independent Electricity System Operator that year, where the median salary was $155,810. After pension contributions (probably PSPP or OPTrust in this sector), take-home is usually a further 7–10% lower.

Estimated net pay
~$116,021
Effective income-tax rate (excl. CPP/EI)
~29.4%
CPP + EI contributions
~$5,507
All-in deduction rate (incl. CPP/EI)
~32.6%
vs. 2025 Specialist Solutions Solutions median
+7%

Where does $172,053 rank on the Sunshine List? →

Estimate only: 2025 federal and Ontario rates, basic personal amounts, Canada employment amount and CPP/EI credits; single, employment income only, salary treated as full-year income. Ignores pension contributions (OMERS, HOOPP, OTPP, OPTrust and similar plans lower actual take-home), union dues, RRSPs and benefits.

Also at Independent Electricity System Operator
2025

#1Lesley Gallinger
$708,974
President and Chief Executive Officer / Président et chef de la direction
#2Charles Farmer
$428,403
Executive Vice President, Power System Development / Vice-président(e) directeur(rice) – Développement des systèmes électriques
#3Kamaljit Sohi
$426,753
Executive Vice President and Chief Operating Officer, Markets and Reliability / Chef(fe) de l’exploitation et Vice-président(e) directeur(rice) – Marchés et fiabilité
#4Carla Nell
$412,660
Executive Vice President, Corporate Relations, Engagement and Strategy / Vice-président(e) directeur(rice) – Relations de l’entreprise, engagement et stratégie
#5Alex Foord
$403,103
Executive Vice-President, Information and Technology Services and Chief Information Officer / Vice-président(e) directeur(rice) – Services d’information et de technologie et Dirigeant(e) principal(e) de l’information
#6Michael Lyle
$388,437
Executive Vice President, Legal Resources and Corporate Governance / Vice-président(e) directeur(rice) – Ressources juridiques et gouvernance d’entreprise
#7Ernest Chui
$326,815
Vice President and Chief Financial Officer, Corporate Services / Vice-président(e) et Directeur(rice) financier(ère) – Services d’entreprise
#8Michael Boll
$315,154
Senior Director, Legal Resources and Corporate Secretary / Directeur(rice) principal(e) – Ressources juridiques et Secrétaire général(e)
#9Glenn Mcdonald
$311,199
Vice President Market Assessment and Compliance / Vice-président – Évaluation des marchés et conformité
#10David Short
$304,430
Senior Director Enabling Resources Program Delivery / Directeur principal – Exécution des programmes de ressources d'habilitation
View all 1,002 employees at Independent Electricity System Operator (2025) →