Hydro One (TSE:H) has released an update.
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Hydro One has reported an increase in second-quarter earnings, with a basic EPS of $0.49, up from $0.44 the previous year, attributing the growth to higher OEB-approved rates and peak demand. The company is advancing its infrastructure goals with the $472 million St. Clair Transmission Line Project, aiming for a 2028 service start, and has completed the Chapleau Public Utilities Corporation acquisition. Hydro One also noted a higher quarterly dividend and welcomed new EVP Harry Taylor to bolster financial and regulatory expertise.
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