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 Ltd. said Hydro One Networks Inc. submitted a 2028–2032 Joint Rate Application to the Ontario Energy Board with an approximately $37 billion five-year investment plan, subject to approval. The proposed transmission and distribution work includes replacing aging infrastructure and adding electricity system capacity; Hydro One says the plan was informed by feedback from more than 100,000 customers.
If approved, a typical year-round medium-density residential customer’s monthly transmission bill would increase by $0.50 in 2028 and by an average of $1.14 each year from 2028 to 2032. Monthly distribution base charges would decrease about $0.10 in 2028 and remain unchanged in following years, largely reflecting the Distribution Rate Protection Program for eligible residential customers and a proposed customer refund. These estimates could change based on the Ontario Energy Board’s decisions.
Hydro One Limited (HRNNF), through subsidiaries Hydro One Networks Inc. and Hydro One Sault Ste. Marie LP, has applied to the Ontario Energy Board for leave to construct the North Shore Link, a new 230-kilovolt transmission line between Mississagi Transformer Station near Wharncliffe and Third Line Transformer Station in Sault Ste. Marie. The project represents a planned $1.3 billion investment to strengthen connections between northeastern and northwestern Ontario and enhance resiliency of the northern transmission system, with the line expected to be in service in 2029. Nine potential First Nation partners will have the opportunity, under Hydro One’s First Nation Equity Partnership Model, to invest in a 50% equity stake in the transmission line component, with ongoing collaboration on planning, development and construction.
Hydro One reports it is Ontario’s largest electricity transmission and distribution provider with 1.5 million customers, $39.7 billion in assets and $9 billion in annual revenues in 2025, supported by 9,600 employees. In 2025 it invested $3.4 billion in its networks and purchased $3.0 billion of goods and services.
Hydro One Limited reported higher profitability for the quarter ended June 30, 2026. Net income attributable to common shareholders was $370 million, up from $327 million a year earlier, with basic EPS rising to $0.62 from $0.54. Quarterly revenues were $2,302 million, an increase of $236 million, driven mainly by Ontario Energy Board–approved 2026 rates and higher average monthly peak demand. Revenues, net of purchased power, were $1,231 million, up from $1,167 million.
Operation, maintenance and administration costs increased due to higher work program spending, while depreciation and asset removal costs declined on lower storm restoration activity. Capital investments were $812 million in the quarter and $644 million of new assets were placed in service. The company also completed a US$1.0 billion 4.75% senior notes offering due 2031 to refinance debt and for general corporate purposes, and declared a quarterly dividend of $0.3531 per share.
Leadership transitioned as Megan Telford became President and CEO following David Lebeter’s retirement. Hydro One advanced several large-scale transmission projects through leave-to-construct applications and was selected to develop the Red Lake Transmission Line, reinforcing its long-term growth and infrastructure pipeline.
Hydro One Limited reported solid growth for the quarter ended June 30, 2026. Revenues rose to $2,302 million from $2,066 million, driven by Ontario Energy Board‑approved 2026 rate increases in both transmission and distribution and slightly higher demand. Revenues, net of purchased power, increased to $1,231 million, while purchased power costs rose but remain fully recoverable from customers.
Net income attributable to common shareholders grew to $370 million from $327 million, and basic EPS increased to $0.62 from $0.54. For the first half of 2026, revenues were $4,950 million and net income to common shareholders was $761 million, both up over 10% year over year. Operating performance benefited from higher regulated revenues and lower storm‑related asset removal costs, partially offset by higher work program and support costs and higher financing charges from increased long‑term debt.
Cash generation remained strong, with Q2 net cash from operating activities of $686 million and quarterly FFO of $706 million, supporting significant capital investment of $812 million and a higher common dividend of $0.3531 per share. The balance sheet is leveraged, with a Net Debt to capitalization ratio of 59.9% and large committed credit facilities to fund an extensive transmission build‑out pipeline.
Hydro One Limited filed a Form 6-K highlighting that its subsidiary Hydro One Networks Inc. has applied to the Ontario Energy Board for approval to build the Durham Kawartha Power Line. This is an approximately 55-kilometre, double-circuit, 230-kilovolt transmission line between Clarington TS and Dobbin TS.
The project represents an approximately $430 million investment aimed at supporting growth and grid reliability for communities across Peterborough, Quinte West and into the Ottawa region, with the line expected to be in service in 2029. Proximate First Nations will have the opportunity to invest in a 50% equity stake in the transmission line component under Hydro One’s First Nation Equity Partnership Model.
Hydro One notes it is Ontario’s largest electricity transmission and distribution provider with 1.5 million customers, $39.7 billion in assets and $9 billion in 2025 annual revenues, after investing $3.4 billion in its networks and purchasing $3.0 billion of goods and services in 2025.
Hydro One Limited filed a Form 6-K highlighting leadership and governance developments. The company appointed Megan Telford as President, CEO and a Director, following the retirement of David Lebeter, both effective June 9, 2026. Shareholders elected 10 directors, with support above 97% for all nominees and up to 99.97% for some candidates.
Turnout was strong, with 505,469,897 shares representing 84.23% of outstanding common shares voted at the annual meeting. Shareholders also reappointed KPMG LLP as external auditors and approved the advisory resolution on executive compensation. The filing reiterates Hydro One’s 2025 scale, including $9 billion in annual revenues and $39.7 billion in assets as of December 31, 2025.
Hydro One Limited filed a regulatory application with the Ontario Energy Board seeking approval to build the Orléans Area Reinforcement Project near Ottawa. The plan involves a new 11-kilometre 115-kilovolt transmission line and conversion of an existing 115-kV line to 230-kV.
The project represents an approximately $100 million investment aimed at increasing capacity, improving regional transfer capability and strengthening reliability, with expected in-service timing by 2029. Hydro One highlights growing electricity demand and the need for system upgrades to support economic growth in the region and province.
The company describes its broader scale with $39.7 billion in assets and $9 billion in 2025 annual revenues, serving 1.5 million customers and investing $3.4 billion in its transmission and distribution networks in 2025.
Hydro One Limited, Ontario’s largest electricity transmission and distribution company, reported that its wholly owned subsidiary Hydro One Inc. has priced an inaugural offering of US$1.0 billion aggregate principal amount of 4.750% senior notes due May 30, 2031. The offering is expected to close on or about May 26, 2026, subject to customary closing conditions.
Hydro One plans to use the net proceeds to repay certain maturing long‑term debt and short‑term borrowings, including commercial paper, and for other general corporate purposes. The unsecured senior notes will rank equally with Hydro One Inc.’s existing senior unsecured debt and are being publicly offered in the United States through a syndicate of underwriters.
The company highlights its 2025 scale, with $39.7 billion in assets, $9 billion in annual revenues, and capital investment of $3.4 billion in its transmission and distribution networks.
Hydro One Limited reports that subsidiary Hydro One Networks Inc. has filed two leave-to-construct applications with the Ontario Energy Board to build the Northeast Power Line and the Longwood to Lakeshore Transmission Line.
The Northeast Power Line is a single-circuit 500-kV transmission line between Hanmer TS and Mississagi TS, with an estimated cost of about $1.8 billion and planned completion in 2029. It is expected to increase transfer capability between northeast and northwest Ontario by approximately 900 MW. The Longwood to Lakeshore line is another single-circuit 500-kV project between Longwood TS and Lakeshore TS, representing about a $1.2 billion investment, anticipated to bring about 550 MW of electricity to southwest Ontario, with completion expected in 2030.
Both projects use Hydro One’s First Nation Equity Partnership Model, giving proximate First Nations the opportunity to invest in a 50 per cent equity stake in the transmission line component of each project. Hydro One highlights its scale with 1.5 million customers, $39.7 billion in assets as of December 31, 2025, 2025 annual revenues of $9 billion, and $3.4 billion invested in its transmission and distribution networks in 2025.
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).