Hydro One Limited appoints Megan Telford as President and CEO following David Lebeter's retirement on June 9, 2026 [Accessibility Statement] Skip NavigationAppointment ensures continuity as the company continues to power Ontario's growthTORONTO, Feb. 26, 2026 /PRNewswire/ - Today, Hydro One Limited (Hydro One) announced that David Lebeter will retire from his role as President and CEO, effective June 9, 2026, and will remain as a special advisor with the company until October 10, 2026. The Board also announ ...

Government of Ontario nominee appointed to the Board of Directors of Hydro One Limited [Accessibility Statement] Skip NavigationTORONTO, Feb. 19, 2026 /PRNewswire/ - Hydro One Limited (Hydro One) announced today that the Government of Ontario's nominee Deb Hutton has been appointed to the company's Board of Directors, effective today. Ms. Hutton will fill the board vacancy created when Cherie Brant did not stand for re-election at the company's 2025 annual general meeting of shareholders."We welcome Deb Hut ...

before financing charges, equity income and income tax expenseTransmission2602271,4121,240Distribution185186881809Other(9)(37)(55)(82)Total income before financing charges, equity income and income tax expense4363762,2381,967Capital investmentsTransmission6294762,0971,860Distribution3033131,2521,185Other7101718Total capital investments9397993,3663,063Assets placed in- serviceTransmission9537541,5431,431Distribution3513421,3381,017Other642015Total assets placed in-service1,3101,1002,9012,4631 Revenues, net o ...

The proposed transmission line will be developed in partnership with First Nations and support a stronger and more reliable north-south electricity grid BARRIE, ON, Feb. 9, 2026 /PRNewswire/ - Today, the Honourable Sam Oosterhoff, Associate Minister of Energy-Intensive Industries and the Honourable Stephen Lecce, Minister of Energy and Mines, announced that the government has directed the Ontario Energy Board to designate Hydro One Networks Inc. (Hydro One) to develop and construct a new priority transmiss ...

Core Viewpoint - The Ontario government has designated Hydro One Networks Inc. to develop the Greenstone Transmission Line, which aims to enhance electricity capacity and reliability in northern communities while fostering economic development and supporting Indigenous community growth [1][4]. Project Overview - The Greenstone Transmission Line will be a single-circuit 230-kilovolt (kV) line, designed to support a future second circuit, connecting to existing infrastructure near Nipigon Bay and extending to Longlac Transformer Station [2]. - The project is expected to be operational by 2032 [2]. Indigenous Partnership - Hydro One's First Nation 50-50 Equity Partnership Model allows nearby First Nations to invest in a 50% equity stake in the transmission line, promoting collaboration in planning, development, and construction [3]. - The project is seen as a significant step towards economic reconciliation and self-determination for Indigenous communities, providing them with ownership and participation in major infrastructure [5]. Economic Impact - The Ontario government anticipates that the project will create 20,000 jobs and enhance local economic prosperity by partnering with First Nations and sourcing goods and services from local suppliers [4]. - Hydro One's investment in transmission and distribution networks was $3.1 billion in 2024, supporting the economy through $2.9 billion in goods and services purchases [7]. Company Profile - Hydro One Limited is Ontario's largest electricity transmission and distribution provider, serving 1.5 million customers with $36.7 billion in assets and annual revenues of $8.5 billion as of 2024 [6]. - The company employs 10,100 individuals dedicated to maintaining a reliable electricity system essential for community support [7].

Core Insights - Hydro One Limited, Ontario's largest electric transmission and distribution utility, will release its fourth quarter financial results on February 13, 2026, before North American markets open [1] - A teleconference will be held on the same day at 8 a.m. ET to discuss the results and outlook, accessible via Hydro One's website [2] - Hydro One serves 1.5 million customers, has $36.7 billion in assets as of December 31, 2024, and reported annual revenues of $8.5 billion for 2024 [4] Financial Performance - In 2024, Hydro One invested $3.1 billion in its transmission and distribution networks [5] - The company supported the economy by purchasing $2.9 billion in goods and services [5] Company Overview - Hydro One employs 10,100 skilled workers dedicated to maintaining a reliable electricity system [5] - The company's common shares are listed on the TSX, and certain medium-term notes are listed on the NYSE [6]

Core Viewpoint - The Ontario government has designated Hydro One to develop a new priority transmission line between Bowmanville and the Greater Toronto Area (GTA) to meet growing energy demand and support economic growth in the region [1][2][3]. Group 1: Project Details - The new project involves constructing a double-circuit 500-kilovolt (kV) transmission line from the Bowmanville Switching Station to one of three potential transformer stations, with expected service in the early 2030s [1]. - Hydro One will collaborate with nearby First Nations, allowing them to invest in a 50% equity stake in the transmission line component through a partnership model [2]. - The project is part of a broader initiative to expand Ontario's transmission system, which is critical for ensuring a reliable electricity supply as demand is projected to grow significantly over the next 25 years [3]. Group 2: Economic Impact - The new transmission line is expected to create thousands of jobs across Ontario and secure the province's energy supply for decades, delivering reliable electricity from small modular reactors (SMRs) [4]. - The project will support key industrial sectors, including agriculture and manufacturing, and is aimed at strengthening Ontario's economy amid global instability [3]. Group 3: Company Overview - Hydro One Limited is Ontario's largest electricity transmission and distribution provider, serving 1.5 million customers and holding $36.7 billion in assets as of December 31, 2024, with annual revenues of $8.5 billion in 2024 [5]. - In 2024, Hydro One invested $3.1 billion in its transmission and distribution networks and supported the economy by purchasing $2.9 billion in goods and services [7].

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh. ...

Accessibility StatementSkip Navigation This new transmission line will support homegrown businesses and industries in the Niagara Region Through Hydro One's industry leading First Nation 50-50 Equity Partnership Model, proximate First Nations have the opportunity to invest in a 50 per cent equity stake in the transmission line component of the project. "Ontario is facing historic growth demand for electricity in the next 25 years, especially in the southwest," said Sonny Karunakaran, Vice President, Strateg ...

Core Insights - Hydro One Limited reported an earnings per share (EPS) of $0.50, exceeding the estimated $0.47, but its revenue of approximately $876.2 million fell significantly short of the anticipated $2.3 billion [1][5] - The company's price-to-earnings (P/E) ratio is 25.44, indicating a positive market valuation of its earnings potential despite the revenue miss [2][5] Financial Performance - The EPS growth reflects strong operational efficiency, even with the revenue shortfall [2] - Hydro One's price-to-sales ratio is 3.65, and the enterprise value to sales ratio is 5.71, suggesting a robust market valuation relative to its sales [3] - The enterprise value to operating cash flow ratio stands at 20.49, indicating investor confidence in the company's cash-generating capabilities [3] Financial Health - The debt-to-equity ratio of 1.46 shows a balanced approach to financing, utilizing both debt and equity [4][5] - The current ratio of 0.36 suggests potential challenges in covering short-term liabilities with short-term assets [4][5] Strategic Focus - Hydro One is committed to supporting Ontario's growth through infrastructure projects, such as the St. Clair Transmission Line, aimed at enhancing power reliability and meeting increasing electricity demand [4]