Hydro One (HRNNF) installs new CEO Megan Telford and posts strong 2026 AGM votes

Rhea-AI Filing Summary

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.

Insights

Governance and utilities analyst

Hydro One combines a CEO transition with very strong shareholder support.

The filing centers on the appointment of Megan Telford as President, CEO and Director, succeeding retiring CEO David Lebeter. This is a planned leadership transition, disclosed alongside annual meeting results that show broad investor backing for the refreshed board.

All 10 director nominees received at least 97% support, and the advisory vote on executive compensation passed with 98.31% votes for. Auditor reappointment also saw approval above 98%. These outcomes indicate alignment between management, the board and shareholders, while the long-term impact of the new CEO will depend on future strategic and financial disclosures.

Key Figures

Shares voted at AGM: 505,469,897 shares Support for Megan Telford as Director: 99.97% votes for Support for advisory pay resolution: 98.31% votes for +5 more

8 metrics

Shares voted at AGM 505,469,897 shares Representing 84.23% of issued and outstanding common shares

Support for Megan Telford as Director 99.97% votes for Election to Hydro One’s board at 2026 annual meeting

Support for advisory pay resolution 98.31% votes for Advisory resolution on executive compensation at 2026 meeting

Auditor reappointment support 98.39% votes for Reappointment of KPMG LLP as external auditors

Total assets $39.7 billion Assets as at December 31, 2025

Annual revenues $9 billion Revenues in 2025

Capital investment $3.4 billion Invested in transmission and distribution networks in 2025

Goods and services purchased $3.0 billion Support of the economy through procurement in 2025

Key Terms

forward-looking information, management information circular, advisory resolution, National Instrument 51-102, +1 more

5 terms

forward-looking information regulatory

"This press release may contain “forward-looking information” within the meaning of applicable Canadian securities laws"

Forward-looking information are predictions, plans, estimates or expectations about a company’s future performance, results or events, such as sales forecasts, project timelines, or anticipated costs. It matters to investors because these statements guide expectations but rely on assumptions and uncertain factors—like a weather forecast for a business—so investors should treat them as informed guesses rather than guarantees and consider the risks and possible changes behind the numbers.

management information circular regulatory

"nominees listed in the company’s management information circular dated April 27, 2026"

A management information circular is a document sent to shareholders ahead of a company meeting that explains who is asking for votes, what decisions will be made, and why management recommends a particular outcome. Like an instruction booklet and argument sheet combined, it lays out details such as board nominees, executive pay, major transactions and any conflicts, helping investors decide how to vote and judge whether leadership choices could affect the company’s future value.

advisory resolution governance

"The advisory resolution on the Company’s approach to executive compensation was approved"

An advisory resolution is a non-binding vote by shareholders that expresses their opinion on a specific corporate matter, such as executive pay or a governance policy. It matters to investors because, like a public survey, it signals shareholder sentiment to the board and management; even though it does not force action, a strong vote for or against can prompt changes, affect company reputation, and influence future decisions that impact shareholder value.

National Instrument 51-102 regulatory

"Prepared in accordance with Section 11.3 of National Instrument 51-102 Continuous Disclosure Obligations"

National Instrument 51-102 is a Canadian securities rule that requires public companies to regularly publish clear, standardized information about their finances and significant developments, such as quarterly and annual reports, management discussion and analysis, and notices of material changes. For investors it acts like a rule forcing businesses to keep their financial “windows” clear and up to date, making it easier to compare companies, spot risks, and make informed decisions.

external auditors financial

"KPMG LLP was appointed as the Company’s external auditors for the ensuing year"

Independent, third-party professionals who examine a company's financial records, systems, and controls to verify that reported numbers are accurate and follow accounting rules — like an independent mechanic checking a car before you buy it. Investors rely on their work because a clean, unbiased check reduces the risk of hidden errors or fraud, supports trust in financial statements, and can influence a company's stock value and access to credit.

FAQ

What leadership change did Hydro One (HRNNF) announce in this Form 6-K?

Hydro One appointed Megan Telford as President, CEO and Director, effective June 9, 2026, following the retirement of former CEO David Lebeter. The change coincided with the company’s annual meeting of shareholders held the same day.

How many Hydro One (HRNNF) shares were voted at the 2026 annual meeting?

A total of 505,469,897 Hydro One common shares were voted, representing 84.23% of the issued and outstanding shares. This high participation level indicates strong shareholder engagement in director elections and other meeting matters.

What were the director election results for Hydro One (HRNNF) in 2026?

All 10 Hydro One director nominees were elected, each receiving at least 97.22% of votes cast in favour. Support reached 99.97% for both Mark Podlasly and Megan Telford, reflecting broad investor backing for the board slate.

Did Hydro One (HRNNF) shareholders approve the advisory vote on executive compensation?

Yes. The advisory resolution on Hydro One’s approach to executive compensation received 496,791,747 votes for, or 98.31%, and 8,563,496 votes against, or 1.69%. This strong approval signals broad shareholder support for the company’s compensation practices.

Who are Hydro One’s (HRNNF) external auditors and were they reappointed?

KPMG LLP was reappointed as Hydro One’s external auditors for the ensuing year. Shareholders cast 497,324,073 votes for, or 98.39%, and 8,145,824 votes withheld, or 1.61%, and authorized directors to fix the auditors’ remuneration.

What 2025 financial scale figures for Hydro One (HRNNF) are cited in the filing?

The filing notes Hydro One had $39.7 billion in assets as of December 31, 2025, and 2025 annual revenues of $9 billion. It also invested $3.4 billion in its networks and purchased $3.0 billion of goods and services during 2025.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 6-K: How Foreign Companies Report to the SEC →

Accepted by SEC EDGAR 06/09/2026 - 08:48 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

Pursuant to Rule 13a-16 or 15d-16

under the Securities Exchange Act of 1934

For the month of: June 2026

Commission File Number: 333-225519-01

HYDRO ONE LIMITED

(Translation of Registrant’s name into English)

483 Bay Street, South Tower, 8th Floor, Toronto Ontario M5G 2P5 Canada

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☐   Form 40-F ☒

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

HYDRO ONE LIMITED

/s/ Cassidy McFarlane

Name: Cassidy McFarlane

Title: General Counsel

Date: June 9, 2026

EXHIBIT INDEX

99.1 Press Release dated June 9, 2026

99.2 Report of Voting Results dated June 9, 2026

Exhibit 99.1

Hydro One Limited welcomes new President and CEO and announces election of Directors

TORONTO, June 9, 2026 – Hydro One Limited (TSX: H) (Hydro One) welcomes Megan Telford as the company’s President and CEO and newest member of its Board of Directors. Ms. Telford steps into the role following the retirement of David Lebeter, also effective today. Ms. Telford was one of the 10 nominees listed in the company’s management information circular dated April 27, 2026, and elected as a Director at its Annual Meeting of Shareholders today.

“On behalf of the Board, I am pleased to welcome Megan Telford as she steps into the role of President and CEO today. We are excited to work alongside Megan as she leads Hydro One into its next chapter,” said Melissa Sonberg, Chair of the Board, Hydro One. “We are also pleased to welcome Perrin Beatty as an incoming Director and look forward to benefiting from his experience and leadership. I would like to thank Helga Reidel and Mitch Panciuk for their years of dedicated service and valuable contributions to the organization. We wish them both continued success and all the best in their future endeavours.”

A total of 505,469,897 shares, representing 84.23 per cent of Hydro One’s issued and outstanding common shares, were voted in connection with the meeting.

Detailed voting results for the election of Directors are below:

Director		Votes For (Percent)		Votes Withheld (Percent)
Perrin Beatty		99.84		0.16
David Hay		99.67		0.33
Debbie Hutton		99.84		0.16
Stacey Mowbray		99.94		0.06
Mark Podlasly		99.97		0.03
Michael Rencheck		99.80		0.20
Melissa Sonberg		97.22		2.78
Megan Telford		99.97		0.03
Brian Vaasjo		98.21		1.79
Susan Wolburgh Jenah		98.74		1.26

All other matters voted on at the meeting were approved. Final voting results will be available on Hydro One’s website and filed with Canadian and U.S. securities regulators.

Hydro One Limited (TSX: H)

Hydro One Limited, through its wholly-owned subsidiaries, is Ontario’s largest electricity transmission and distribution provider with 1.5 million valued customers, $39.7 billion in assets as at December 31, 2025, and annual revenues in 2025 of $9 billion. Our team of 9,600 skilled and dedicated employees proudly build and maintain a safe and reliable electricity system which is essential to supporting strong and successful communities. In 2025, Hydro One invested $3.4 billion in its transmission and distribution networks, and supported the economy through buying $3.0 billion of goods and services.

We are committed to the communities where we live and work through community investment, sustainability and diversity initiatives. Hydro One Limited’s common shares are listed on the TSX and certain of Hydro One Inc.’s medium term notes are listed on the NYSE. Additional information can be accessed at www.hydroone.com, www.sedarplus.com or www.sec.gov.

For More Information

For more information about everything Hydro One, please visit www.hydroone.com where you can find additional information including links to securities filings, historical financial reports, and information about the Company’s governance practices, corporate social responsibility, customer solutions, and further information about its business.

Forward-looking statements and information:

This press release may contain “forward-looking information” within the meaning of applicable Canadian securities laws and “forward-looking statements” within the meaning of applicable U.S. securities laws (collectively, “forward-looking information”). Statements containing forward-looking information are made pursuant to the “safe harbour” provisions of applicable Canadian and U.S. securities laws. Words such as “expect”, “anticipate”, “intend”, “attempt”, “may”, “plan”, “will”, “can”, “believe”, “seek”, “estimate”, and variations of such words and similar expressions are intended to identify such forward-looking information. These statements are not guarantees of future performance or actions and involve assumptions and risks and uncertainties that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed, implied or forecasted in such forward-looking information. Some of the factors that could cause actual results or outcomes to differ materially from the results expressed, implied or forecasted by such forward-looking information, including some of the assumptions used in making such statements, are discussed more fully in Hydro One’s filings with the securities regulatory authorities in Canada, which are available on SEDAR+ at www.sedarplus.com. Hydro One does not intend, and it disclaims any obligation, to update any forward-looking information, except as required by law.

For further information, please contact:

Investors: Investor.Relations@HydroOne.com, 416-345-5943

Media: Media.Relations@HydroOne.com, 1-877-506-7584 (toll free in Ontario) or 416-345-6868

Exhibit 99.2

Hydro One Limited

ANNUAL MEETING OF SHAREHOLDERS

June 9, 2026

REPORT OF VOTING RESULTS

Prepared in accordance with Section 11.3 of

National Instrument 51-102 Continuous Disclosure Obligations

The following matters were voted on at the annual meeting of shareholders (the “Meeting”) of Hydro One Limited (the “Company”) held virtually via live audio webcast online on June 9, 2026. Each of the matters set out below is described in greater detail in the management information circular of the Company prepared in connection with the Meeting, which can be found at https://www.hydroone.com/abouthydroone/CorporateInformation/Documents/AGM-2026-MIC.pdf.

1. Election of Directors

Each of the 10 director nominees proposed for election was elected as a director of the Company to serve until the next annual meeting of shareholders or until their respective successors are elected or appointed.

Director		Votes For				Votes Withheld
		#		%		#		%
Perrin Beatty		504,543,132		99.84		812,111		0.16
David Hay		503,711,300		99.67		1,643,943		0.33
Debbie Hutton		504,549,717		99.84		805,526		0.16
Stacey Mowbray		505,056,147		99.94		299,096		0.06
Mark Podlasly		505,191,366		99.97		163,877		0.03
Michael Rencheck		504,354,626		99.80		1,000,617		0.20
Melissa Sonberg		491,320,594		97.22		14,034,649		2.78
Brian Vaasjo		496,286,402		98.21		9,068,841		1.79
Susan Wolburgh Jenah		498,985,619		98.74		6,369,624		1.26
Megan Telford		505,194,052		99.97		161,191		0.03

2. Appointment of External Auditors

KPMG LLP was appointed as the Company’s external auditors for the ensuing year and the directors were authorized to fix their remuneration.

Votes For				Votes Withheld
#		%		#		%
497,324,073		98.39		8,145,824		1.61

3. Advisory Resolution on Approach to Executive Compensation

The advisory resolution on the Company’s approach to executive compensation was approved.

Votes For				Votes Against
#		%		#		%
496,791,747		98.31		8,563,496		1.69

DATED this 9^th day of June, 2026.

HYDRO ONE LIMITED
“Cassidy McFarlane”
Name:		Cassidy McFarlane
Title:		General Counsel

[Report of Voting Results (2026 AGM) – Hydro One Limited]

Filing Exhibits & Attachments

2 documents

Press Releases

• EX-99.1 EX-99.1 13.0 KB
• EX-99.2 EX-99.2 18.3 KB