Derek Minacs

Ontario Power Generation/Authorized Nuclear Operator

2025 Salary

$300,723

Total compensation $308,129, including $7,406 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

#219

Ontario Power Generation

Years on List

2005–2025

Peak Salary

$300,723

2025

Full 2025 roster at Ontario Power Generation →·See where $300,723 ranks →

Total Compensation History

Total compensation, 2005–2025. Axis starts at $100,000, the Sunshine List disclosure threshold.

Full History
2005–2025

$115,460 in 2005 is worth about $177,182 in 2025 dollars.

Full salary history, by year
Year	Employer	Position	Salary	Benefits	Total
2025	Ontario Power Generation	Authorized Nuclear OperatorOntario Power Generation	$300,723Benefits $7,406Total $308,129	$7,406	$308,129
2024	Ontario Power Generation	Authorized Nuclear OperatorOntario Power Generation	$286,803Benefits $6,451Total $293,254	$6,451	$293,254
2023	Ontario Power Generation	Authorized Nuclear OperatorOntario Power Generation	$261,619Benefits $10,443Total $272,062	$10,443	$272,062
2022	Ontario Power Generation	Authorized Nuclear OperatorOntario Power Generation	$260,397Benefits $5,703Total $266,100	$5,703	$266,100
2021	Ontario Power Generation	Authorized Nuclear OperatorOntario Power Generation	$229,484Benefits $5,204Total $234,688	$5,204	$234,688
2020	Ontario Power Generation	Authorized Nuclear OperatorOntario Power Generation	$233,633Benefits $7,531Total $241,164	$7,531	$241,164
2019	Ontario Power Generation	Authorized Nuclear OperatorOntario Power Generation	$222,533Benefits $3,992Total $226,525	$3,992	$226,525
2018	Ontario Power Generation	Authorized Nuclear OperatorOntario Power Generation	$199,818Benefits $4,034Total $203,852	$4,034	$203,852
2017	Ontario Power Generation	Authorized Nuclear OperatorOntario Power Generation	$206,754Benefits $4,540Total $211,294	$4,540	$211,294
2016	Ontario Power Generation	Authorized Nuclear OperatorOntario Power Generation	$221,387Benefits $1,705Total $223,092	$1,705	$223,092
2015	Ontario Power Generation	Authorized Nuclear OperatorOntario Power Generation	$203,549Benefits $1,682Total $205,231	$1,682	$205,231
2014	Ontario Power Generation	Authorized Nuclear OperatorOntario Power Generation	$189,182Benefits $1,664Total $190,846	$1,664	$190,846
2013	Ontario Power Generation	Authorized Nuclear OperatorOntario Power Generation	$188,077Benefits $1,630Total $189,707	$1,630	$189,707
2012	Ontario Power Generation	Authorized Nuclear OperatorOntario Power Generation	$178,365Benefits $1,578Total $179,942	$1,578	$179,942
2011	Ontario Power Generation	Authorized Nuclear OperatorOntario Power Generation	$164,858Benefits $1,504Total $166,362	$1,504	$166,362
2010	Ontario Power Generation	Authorized Nuclear Operator in Training, Nuclear OperatorOntario Power Generation	$141,195Benefits $1,450Total $142,645	$1,450	$142,645
2009	Ontario Power Generation	Authorized Nuclear Operator in Training, Nuclear OperatorOntario Power Generation	$127,515Benefits $1,466Total $128,981	$1,466	$128,981
2008	Ontario Power Generation	Authorized Nuclear Operator in Training, Nuclear OperatorOntario Power Generation	$132,151Benefits $1,489Total $133,640	$1,489	$133,640
2007	Ontario Power Generation	Authorized Nuclear Operator in Training, Nuclear OperatorOntario Power Generation	$134,109Benefits $1,346Total $135,454	$1,346	$135,454
2006	Ontario Power Generation	Authorized Nuclear Operator in Training, Nuclear OperatorOntario Power Generation	$115,645Benefits $1,757Total $117,402	$1,757	$117,402
2005	Ontario Power Generation	ANOIT, Nuclear OperatorOntario Power Generation	$115,460Benefits $705Total $116,165	$705	$116,165

Take-Home Pay
(After Tax) · 2025 estimate

In 2025, Derek Minacs's $300,723 salary works out to roughly $179,703 after income tax, CPP and EI — an all-in deduction rate of about 40.2%. For comparison, the median Authorized Nuclear Operator on the 2025 list was paid $286,652; this salary is about 5% more. Derek Minacs has appeared on the list 21 times since 2005. Members of OMERS, OTPP, HOOPP or OPTrust typically take home another 7–10% less after pension contributions, which this estimate leaves out.

Estimated net pay: ~$179,703
Effective income-tax rate (excl. CPP/EI): ~38.4%
CPP + EI contributions: ~$5,507
All-in deduction rate (incl. CPP/EI): ~40.2%
vs. 2025 Authorized Nuclear Operator median: +5%

Where does $300,723 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 Ontario Power Generation
2025

Also at Ontario Power Generation, 2025
#	Name	Position	Salary	Total
1	Kenneth Hartwick	Special Advisor	$1,907,409	$1,910,992
2	Nicolle Butcher	President and Chief Executive Officer	$1,596,218	$1,598,309
3	Steve Gregoris	Chief Nuclear Officer	$1,092,855	$1,096,651
4	Aida Cipolla	Chief Financial Officer and Chief Administrative Officer	$1,013,496	$1,016,119
5	Subo Sinnathamby	Chief Projects Officer	$981,476	$985,253
6	Mark Knutson	Chief Enterprise Engineering and Chief Nuclear Engineer	$856,947	$859,793
7	Jon Franke	Senior Vice President Nuclear	$826,655	$828,637
8	Shelley Babin	Chief Operations Officer	$748,469	$750,849
9	Brenda Macdonald	Chief Commercial Officer	$727,479	$729,740
10	David Kaposi	Executive Vice President Investment Strategy and Business Development	$701,432	$703,541