Increased Earnings Per Share
Hydro One reported basic earnings per share of $0.70 compared to $0.62 in the third quarter of 2024, driven by higher revenues and demand.
Revenue Growth
Revenues net of purchase power increased by 7% year-over-year, with a 9.4% increase in the Transmission segment and a 4.2% increase in the Distribution segment.
Significant Investments and Projects
Hydro One invested $779 million in the third quarter, including the St. Clair transmission line project and equity income from the East West Tie Limited partnership.
Employee and Community Engagement
Hydro One employees raised over $2.1 million and logged more than 5,200 volunteer hours during the Power to Give campaign.
Recognition and Awards
Hydro One was named Company of the Year by the Ontario Energy Association for the second consecutive year.