Hydro One Limited filings document a Canadian foreign private issuer that reports on Form 40-F and furnishes Form 6-K materials for its regulated electricity utility business. The records cover annual reporting, audited consolidated financial statements, operating priorities, transmission and distribution network investment, Ontario Energy Board matters, sustainability disclosures, and material change reports.
Hydro One’s filings also include proxy circulars and meeting materials addressing director elections, auditor appointment, advisory executive-pay votes, shareholder proposals, and related governance documents. Additional exhibits document the company’s Code of Business Conduct, board and executive governance matters, agreements involving the Government of Ontario, common share disclosure, and medium-term note listing information for Hydro One Inc.
Hydro One Limited reported higher first-quarter 2026 earnings, reflecting steady growth in its regulated transmission and distribution businesses. Total revenues reached $2,648 million, up from $2,408 million a year earlier, mainly from Ontario Energy Board–approved rate increases and slightly higher electricity demand. After purchased power costs of $1,424 million, revenues net of purchased power were $1,224 million, a 3.0% increase.
Net income attributable to common shareholders rose to $391 million from $358 million, and basic and diluted EPS increased to $0.65 from $0.60. Operating, maintenance and administration costs edged down to $329 million, while depreciation and amortization grew with the expanding asset base. Income tax expense fell to $41 million, helped by deductible timing differences including accelerated capital cost allowance.
Hydro One invested $715 million in capital projects and placed $484 million of assets in service, focused on transmission station work, lines, and broadband and metering initiatives. Net cash from operating activities was $394 million, down from $510 million, as working capital movements offset higher earnings. The company maintained a net debt-to-capitalization ratio of 59.8% and declared a quarterly dividend of $0.3331 per share (with a subsequent dividend of $0.3531 per share also approved).
Hydro One Limited reported stronger first quarter 2026 results with net income attributable to common shareholders of $391 million, up from $358 million a year earlier. Basic and diluted EPS rose to $0.65 from $0.60 as higher Ontario Energy Board–approved rates and peak demand lifted revenue.
Quarterly revenues increased to $2,648 million, while revenues, net of purchased power, grew to $1,224 million. Capital investments were $715 million and assets placed in-service were $484 million, reflecting continued grid investment. A quarterly dividend of $0.3531 per share was declared, payable June 30, 2026.
The company announced a CEO transition, with Megan Telford becoming President and CEO on June 9, 2026, as David Lebeter retires and serves as Special Advisor until October 10, 2026. Hydro One was selected to develop several priority transmission lines in Ontario, but an Ontario Energy Board decision denied recovery of $69 million in incremental revenue requirement related to a March 2025 ice storm.
Hydro One Limited has filed a Form 6-K providing the notice and 2026 management information circular for its virtual annual meeting of shareholders on June 9, 2026. Shareholders will receive the 2025 audited financial statements, elect 10 directors, reappoint KPMG as external auditor, and cast an advisory say-on-pay vote.
The filing outlines a planned leadership transition, with President and CEO David Lebeter retiring effective June 9, 2026 and Chief Operating Officer Megan Telford becoming President, CEO and a director. It also describes detailed voting procedures for registered and beneficial shareholders, board composition, director skills, compensation and share ownership requirements, and the Province of Ontario’s governance and nomination rights.
Hydro One Limited released its 2025 Sustainability Report, highlighting safety, Indigenous procurement and Canadian-focused sourcing as it expands Ontario’s transmission system with First Nation partners. The company reported a recordable injury rate of 0.68 per 200,000 hours worked, describing this as well below industry standards.
In 2025, Hydro One spent about $216 million, or more than 7% of total sourceable spend, on purchases from Indigenous businesses, surpassing its 5% by 2026 target. More than 90% of total procurement spending went to Canadian suppliers. Hydro One serves 1.5 million customers, with $39.7 billion in assets and 2025 revenues of $9 billion.
Hydro One Limited reports strong 2025 results, highlighting solid growth, heavy grid investment and a robust balance sheet. Revenue reached $9.0 billion and net income attributable to common shareholders rose to $1.34 billion, lifting basic EPS to $2.23, up about 16% from 2024.
The company invested $3.37 billion in transmission and distribution assets and placed $2.90 billion in new assets in service, supporting Ontario’s expanding electricity demand. Funds from operations increased to $2.63 billion, with an annualized FFO to net debt ratio of 14.2%, while the net debt to capitalization ratio was 59.5%.
Hydro One reports a 27% total shareholder return for 2025, supported by a quarterly dividend increase to $0.3331 per share and total annual dividends of $1.31 per share. Management emphasizes safety performance, system reliability during severe storms, expanding Indigenous partnerships, major new transmission lines, and progress toward a targeted 30% reduction in operational greenhouse gas emissions by 2030.
Hydro One Limited filed a Form 6-K highlighting that Ontario’s Energy and Mines Minister has directed the Ontario Energy Board to designate Hydro One Networks Inc. to develop and construct the Red Lake Transmission Line in northwest Ontario.
The proposed priority project is a new double-circuit 230-kilovolt transmission line from Dryden Transformer Station to Ear Falls Transformer Station, continuing to Red Lake Switching Station, and is expected to be in service by the early 2030s. Once built, it is expected to add about 400 megawatts of electricity capacity in northwest Ontario, nearly quadrupling existing capacity and strengthening regional reliability for newly connected northern remote communities and the broader region.
Through Hydro One’s First Nation Equity Partnership Model, proximate First Nations will have the opportunity to invest in a 50 per cent equity stake in the transmission line component of the project and collaborate on planning, development and construction. Ontario states that its plan related to this project will unlock more than 5,800 jobs and $830 million in economic potential. The filing also reiterates Hydro One’s 2025 profile, including $39.7 billion in assets and $9 billion in annual revenues, and includes standard forward-looking information cautions.
Hydro One Networks Inc. received an Ontario Energy Board decision on its 2026 Annual Update that denies recovery of approximately $223 million in costs from a major March 2025 ice storm. The storm damaged Ontario’s grid and affected more than 600,000 customers, requiring over 4,500 workers to repair more than 6,000 broken poles and cross arms.
Hydro One is reviewing the decision and considering next steps. The wider group remains a large regulated utility with $39.7 billion in assets and $9 billion in 2025 revenues, serving about 1.5 million customers and investing $3.4 billion in its networks in 2025.
Hydro One Limited has filed a Form 6-K to furnish an updated Code of Business Conduct approved by its board on February 13, 2026. The Code outlines expectations for employees, officers, directors and business partners on ethics, health and safety, conflicts of interest and diversity and inclusion.
It details rules on insider trading, gifts and hospitality, use of company assets, financial integrity, fraud prevention, confidentiality and proper use of artificial intelligence. The Code also formalizes whistleblower, investigation and non-retaliation processes, giving multiple anonymous reporting channels and emphasizing that violations may lead to discipline up to dismissal.
Hydro One Limited has announced a planned CEO transition. President and CEO David Lebeter will retire from his role effective June 9, 2026, and will stay on as a special advisor until October 10, 2026 to support continuity.
The board has appointed Megan Telford, currently Chief Operating Officer, as the next President and CEO effective June 9, 2026. The company highlights her broad leadership experience across operations, system planning, customer care, human resources, Indigenous relations and corporate affairs.
Hydro One describes this as the outcome of a comprehensive succession process. The filing also reiterates that Hydro One serves about 1.5 million customers, had $39.7 billion in assets as at December 31, 2025, and generated $9 billion of revenue in 2025.
Hydro One Limited filed a report noting that the Government of Ontario’s nominee, Deb Hutton, has been appointed to its Board of Directors, effective immediately. She fills the vacancy created when Cherie Brant did not stand for re-election at the 2025 annual meeting.
Hutton is a seasoned communications professional with nearly three decades of experience across public and private sectors, including board roles at Metrolinx and York University. The filing also highlights that Hydro One serves 1.5 million customers, held $39.7 billion in assets as at December 31, 2025, and generated $9 billion in 2025 revenues, while investing $3.4 billion in its networks and purchasing $3.0 billion of goods and services.