TORONTO, Aug. 16,
2023 /PRNewswire/ - Hydro One Inc. (Hydro One)
is pleased to announce that Power Workers' Union (PWU) members have
voted in favour of the main collective agreement, which will be in
effect until September 30, 2025.
"I want to extend my thanks to the Power Workers' Union
leadership and our bargaining teams for their commitment to reach
this balanced outcome," said David Lebeter, President and CEO,
Hydro One. "I am confident that these highly skilled employees will
continue to build a better and brighter future by delivering value
for customers, communities and investors today and for years to
come."
The collective agreement between Hydro One and the PWU covers
employees in front-line roles across the company's operations
in Ontario. Results of the vote on the Customer Service
Operations collective agreement, which includes staff in customer
facing roles, is expected in the near term.
Hydro One Limited (TSX:
H)
Hydro One Limited, through its wholly-owned subsidiaries,
is Ontario's largest electricity transmission and
distribution provider with approximately 1.5 million valued
customers, approximately $31.5 billion in assets as
at December 31, 2022, and annual revenues in 2022 of
approximately $7.8 billion.
Our team of approximately 9,300 skilled and dedicated employees
proudly build and maintain a safe and reliable electricity system
which is essential to supporting strong and successful communities.
In 2022, Hydro One invested approximately $2.1 billion in
its transmission and distribution networks, and supported the
economy through buying approximately $1.9 billion of
goods and services.
We are committed to the communities where we live and work
through community investment, sustainability and diversity
initiatives. We are designated as a Sustainable Electricity Leader™
by Electricity Canada.
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.
Forward-Looking Statements and
Information:
This press release and the application and investment plan to
which it refers may contain "forward-looking information" within
the meaning of applicable 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.
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SOURCE Hydro One Limited