What was the largest increase in disclosed pay at Hydro One in 2007?

Hydro One's largest increase in disclosed pay in 2007: $462,273 to $794,299, up 71.8%; it went to Laura Formusa. 618 people had an increase in disclosed pay between 2006 and 2007, with a median increase of 6.1%. Hydro One has not filed a Sunshine List since 2014.

Hydro One last filed a Sunshine List in 2014; the 2025 list has no records under this name. The figures below are from the 2006 → 2007 change.

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Laura Formusa →

Largest increase (by dollars)

$332,027

Laura Formusa · +71.8%

Had an increase

618

2006 → 2007

Median increase

+6.1%

among those who had one

On the list

1,908

2007 Sunshine List

Biggest Year-over-Year Increases
Hydro One · 2006 → 2007

A year-over-year increase or decrease in disclosed pay can include overtime, a retroactive payment, a vacation payout or severance, not only a change in base pay, rate, or role — the Sunshine List discloses total salary paid that year, not a pay rate. This list is ranked by the dollar increase, not by the percentage shown.

Laura Formusa+71.8%
President/Chief Executive Officer
$462,273 → $794,299
Maureen Wareham+73.2%
Corporate Secretary & Corporate Ethics
$112,682 → $195,210
Carmine Marcello+35.0%
Vice President, Corporate Projects
$199,819 → $269,693
Colin Wilson+60.8%
Grid Operations Manager
$114,133 → $183,547
Joseph Agostino+33.7%
General Counsel
$204,094 → $272,888
Paul Marchant+29.2%
President/Chief Executive Officer, Hydro One Telecom
$216,390 → $279,473
Peter Gregg+20.3%
Vice President, Corporate & Regulatory Affairs
$262,805 → $316,086
Beth Summers+10.0%
Chief Financial Officer
$474,166 → $521,652
John Formusa+21.1%
Vice President, Pension Fund
$224,001 → $271,304
Zbigniew Galuszka+40.0%
Teleprotection Engineer, Specialist
$111,740 → $156,393

346 people were new to Hydro One's list in 2007; 161 who were on it in 2006 were not. See the full 2007 roster →

Related questions

Method. Figures are salary paid, the same basis the year pages use for their movers sections. A mover is excluded from the raises above when their 2006 record was their first year at Hydro One (a partial year, such as a September hire, that a full second year then dwarfs and misreads as an outsized raise), or when their 2007 record is their very last on the Sunshine List — a partial final year before leaving looks identical to a real change in pay until next year's data confirms it. This page does not list pay cuts: even the province-wide 2007 Sunshine List omits cuts for its own most recent year, since a partial final year before leaving looks identical to a real cut until next year’s data arrives — that same reasoning applies to every employer, in every year, so cuts are left off this page entirely rather than showing them in some years and not others. Counts under five people show “<5”. Data runs through 2025. The 2007 figures were published here on .