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Lubica Kosic

Independent Electricity System Operator/Director, Settlements / Directeur – Règlement des transactions

2025 Salary

$225,095

Total compensation $225,325, including $230 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

#54

Independent Electricity System Operator

Years on List

11

2015–2025

Peak Salary

$225,095

2025

Full 2025 roster at Independent Electricity System Operator →·See where $225,095 ranks →

Total Compensation History

Total compensation by yearLine chart of 11 yearly values of total compensation, from $161,645 in 2015 to $225,325 in 2025.$100K$150K$200K$250K201520172019202120232025
Total compensation, 2015–2025. Axis starts at $100,000, the Sunshine List disclosure threshold.

Full History
2015–2025

$161,319 in 2015 is worth about $209,231 in 2025 dollars.

Full salary history, by year
YearPositionSalary
2025Director, Settlements / Directeur – Règlement des transactionsIndependent Electricity System Operator$225,095Benefits $230Total $225,325
2024Director, Settlements / Directeur - Règlement des transactionsIndependent Electricity System Operator$221,567Benefits $708Total $222,274
2023Director, Settlements / Directeur – Règlement des transactionsIndependent Electricity System Operator / Opérateur indépendant de réseau d'électricité$220,957Benefits $386Total $221,343
2022Director, Settlements / Directeur – Règlement des transactionsIndependent Electricity System Operator$211,521Benefits $310Total $211,831
2021Director, Settlements / Directeur - Règlement des transactionsIndependent Electricity System Operator$206,352Benefits $300Total $206,652
2020Director, Financial Planning and Analysis / Directeur – Analyse et planification financièresIndependent Electricity System Operator$201,299Benefits $293Total $201,592
2019Director, Financial Planning and Analysis / Directeur – Analyse et planification financièresIndependent Electricity System Operator$196,312Benefits $310Total $196,621
2018Director, Financial Planning and Analysis / Directeur – Analyse et planification financièresIndependent Electricity System Operator$190,640Benefits $362Total $191,002
2017Director, Financial Planning and Analysis / Directeur, Analyse et planification financièresIndependent Electricity System Operator / Opérateur Indépendant De Réseau D'Électricité$184,315Benefits $351Total $184,666
2016Director, Financial Planning and Analysis / Directeur – Analyse et planification financièresIndependent Electricity System Operator$173,702Benefits $299Total $174,001
2015Director, Financial Planning & Analysis / Directeur – Analyse et planification financièresIndependent Electricity System Operator$161,319Benefits $325Total $161,645

Take-Home Pay
(After Tax) · 2025 estimate

In 2025, Lubica Kosic's $225,095 salary works out to roughly $143,473 after income tax, CPP and EI — an all-in deduction rate of about 36.3%. That is about 2% more than the $221,567 paid in 2024. Records under this name have appeared on the Sunshine List 11 years in all, first in 2015. Pension contributions — likely PSPP or OPTrust in the Crown Agencies sector — would typically trim another 7–10% off that figure.

Estimated net pay
~$143,473
Effective income-tax rate (excl. CPP/EI)
~33.8%
CPP + EI contributions
~$5,507
All-in deduction rate (incl. CPP/EI)
~36.3%

Where does $225,095 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) →