Hydro One reports third quarter results

TORONTO, Nov. 10, 2026 /PRNewswire/ -- Hydro One Limited (Hydro One or the Company) today announced its financial and operating results for the third quarter ended September 30, 2026.

* Third quarter basic earnings per share (EPS) of $0.69 compares to EPS of $0.70 for the same period in 2025. Year-to-date EPS of $1.96 compares to EPS of $1.84 for the same period in 2025. * The change in the third quarter EPS was largely due to higher operation, maintenance and administration (OM&A) costs, higher depreciation, amortization and asset removal costs, and higher interest on long-term debt, partially offset by increased revenues from Ontario Energy Board (OEB)-approved rates, and higher peak demand. * On October 7, 2026, Hydro One Networks Inc. submitted its 2028-2032 Joint Rate Application to the OEB with a proposed approximately $37 billion investment plan, inclusive of OM&A, for its transmission and distribution systems. The company also updated its future capital investment disclosures for the 2028-2032 period to align with the filing. * Hydro One filed a leave-to-construct application with the OEB for the North Shore Link transmission line project. * Hydro One successfully energized the new Etobicoke Greenway transmission line, adding capacity and strengthening reliability in Toronto and the western Greater Toronto Area. * Hydro One employees donated generously during our annual Power to Give Month campaign, raising more than $2 million for Canadian causes that they selected. These funds are made up of employee donations that were matched by Hydro One. Employees also tracked more than 7,400 volunteer hours that were dedicated to local causes in their communities. * Hydro One was recognized as one of the world's most trustworthy companies for 2026 by Newsweek Magazine. * The Company's capital investments and in-service additions for the quarter were $1,084 million and $658 million, respectively, compared to $779 million and $577 million in the third quarter of 2025. * A quarterly dividend of $0.3531 per share was declared, payable on December 31, 2026, to shareholders of record on December 9, 2026. "Ontario's growth depends on a strong, reliable electricity system. Our 2028-2032 investment plan positions Hydro One to meet rising demand while enabling the communities, businesses and industries that will drive Ontario's next chapter of growth," said Megan Telford, President and Chief Executive Officer of Hydro One. "The investments we make today will strengthen the grid, enhance its resilience and security, and help ensure Ontario has the energy infrastructure it needs to grow and compete for decades to come."