Workflow
Integrated Energy Plan
icon
Search documents
Hydro One Reports Second Quarter Results
Prnewswireยท 2025-08-13 10:59
Core Viewpoint - Hydro One continues to invest in its transmission and distribution networks to meet the growing energy demands in Ontario, supporting economic and community growth [3][10]. Financial Highlights - Revenues for the second quarter of 2025 were CAD 2,066 million, an increase of CAD 35 million compared to the same period in 2024 [5][16]. - Net income attributable to common shareholders was CAD 327 million, up from CAD 292 million in the second quarter of 2024, resulting in basic EPS of CAD 0.54 compared to CAD 0.49 [4][5]. - Capital investments for the quarter were CAD 913 million, compared to CAD 818 million in the same quarter of 2024 [5][10]. Operational Highlights - Hydro One distributed 7,231 GWh of electricity to customers in the second quarter of 2025, an increase from 6,970 GWh in the same period of 2024 [3]. - The average monthly peak demand in Ontario was 20,836 MW, compared to 20,749 MW in the previous year [3]. Strategic Initiatives - The Government of Ontario released its Integrated Energy Plan, outlining strategies to meet energy demand growth through 2050, including new transmission lines [5]. - Hydro One announced 50 recipients of the Ice Storm 2025: Recovery Grant, providing up to CAD 10,000 each for local recovery efforts following an ice storm [12]. Sustainability and Recognition - Hydro One released its annual sustainability report, highlighting progress on environmental, social, and governance (ESG) commitments [14]. - The company was recognized by Corporate Knights as one of the Best 50 Corporate Citizens in Canada for the 10th consecutive year [5].