Increased Earnings Per Share
Hydro One reported an EPS of $0.60 for Q1 2025, up from $0.49 in Q1 2024, driven by higher revenues and demand.
Revenue Growth
Revenues net of purchased power increased by 11% year-over-year, with transmission revenues up by 15% and distribution revenues up by 6.3%.
Significant Investments in Infrastructure
The company placed $423 million of assets in service during Q1 2025, a 76.3% increase compared to the prior year.
Successful Acquisition
Completed the acquisition of a 48% interest in the East-West Tie Transmission Line, immediately accretive to earnings.
Safety and Sustainability Recognitions
Received the Public Electrical Safety Excellence Award and the Sustainability Excellence Award for sustainable financing initiatives.
Tentative Agreement with Power Workers' Union
Reached tentative agreements covering frontline and customer-facing roles, ensuring stability in labor relations.