Nicolle Butcher
Ontario Power Generation/President and Chief Executive Officer
At a Glance
2025
Latest Salary
$1,596,2182025
Total Compensation
$1,598,309Incl. $2,091 benefits
Employer Rank
#2Ontario Power Generation
Years on List
222000–2025
Salary History
Full History
2000–2025
| Year | Employer | Position | Salary | Benefits | Total |
|---|---|---|---|---|---|
| 2025 | Ontario Power Generation | President and Chief Executive Officer | $1,596,218 | $2,091 | $1,598,309 |
| 2024 | Ontario Power Generation | Chief Operations Officer | $978,380 | $1,359 | $979,739 |
| 2023 | Ontario Power Generation | — | $894,783 | $1,287 | $896,070 |
| 2022 | Ontario Power Generation | Chief Operations Officer | $684,307 | $3,327 | $687,633 |
| 2021 | Ontario Power Generation | Senior Vice President Renewable Generation and Power Marketing | $544,913 | $850 | $545,762 |
| 2020 | Ontario Power Generation | President Renewable Generation | $442,940 | $763 | $443,703 |
| 2019 | Ontario Power Generation | Senior Vice President Corporate Business Development and Strategy | $364,792 | $650 | $365,443 |
| 2018 | Ontario Power Generation | Vice President Strategy and Acquisitions | $306,063 | $662 | $306,725 |
| 2017 | Ontario Power Generation | Vice President Strategy and Acquisitions | $272,268 | $590 | $272,859 |
| 2016 | Ontario Power Generation | Vice President Corporate Strategy and Planning | $269,487 | $562 | $270,048 |
| 2015 | Ontario Power Generation | Vice President Business & Services | $270,337 | $549 | $270,886 |
| 2014 | Ontario Power Generation | Vice President Corporate Strategy and Planning | $259,992 | $510 | $260,502 |
| 2013 | Ontario Power Generation | Vice President Corporate Strategy & Planning | $253,899 | $510 | $254,408 |
| 2012 | Ontario Power Generation | Vice President, Corporate Strategy and Planning | $225,377 | $469 | $225,846 |
| 2011 | Ontario Power Generation | Director | $191,409 | $461 | $191,870 |
| 2010 | Ontario Power Generation | Director | $185,630 | $411 | $186,041 |
| 2009 | Ontario Power Generation | Director, Business Development | $186,929 | $392 | $187,321 |
| 2008 | Ontario Power Generation | Director, Business Development | $173,658 | $401 | $174,058 |
| 2007 | Ontario Power Generation | Director, Business Development | $157,034 | $324 | $157,358 |
| 2006 | Ontario Power Generation | Manager, Business Development | $143,726 | $329 | $144,055 |
| 2003 | Ontario Power Generation | Investment Manager | $110,540 | $294 | $110,834 |
| 2000 | Ontario Power Generation | Investment Manager | $108,827 | $264 | $109,091 |
Take-Home Pay
(After Tax) · 2025 estimate
Of the $1,596,218 Nicolle Butcher earned in 2025, roughly $781,725 would remain after income tax, CPP and EI, an effective rate of about 50.7%. It is up about 63% on the $978,380 paid in 2024. Among those listed as President and Chief Executive Officer in 2025, the median was $336,999; this salary sits about 374% above it. This estimate leaves out pension contributions; members of OMERS, OTPP, HOOPP or OPTrust typically take home another 7–10% less.
- Estimated net pay
- ~$781,725
- Effective income-tax rate (excl. CPP/EI)
- ~50.7%
- CPP + EI contributions
- ~$5,507
- vs. 2025 President and Chief Executive Officer median
- +374%
Where does $1,596,218 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.