TORONTO, July 17, 2018 /PRNewswire/ - Hydro One Limited
("Hydro One"), Ontario's largest
electricity transmission and distribution company, announced that
an ad hoc nominating committee has been established to satisfy an
obligation outlined in the July 11,
2018 agreement with the Province of Ontario for the orderly replacement of the
company's Board of Directors. The ad hoc nominating committee is
comprised of four of the five largest Hydro One shareholders,
excluding the Province, who will identify, nominate
and recommend for appointment six replacement directors
no later than August 15, 2018.
About Hydro One:
We are Ontario's largest electricity transmission and
distribution provider with more than 1.3 million valued customers,
over C$25 billion in assets and 2017
annual revenues of nearly C$6
billion. Our team of over 7,400 skilled and dedicated
regular and non-regular employees proudly and safely serves
suburban, rural and remote communities across Ontario through our 30,000 circuit km of
high-voltage transmission and 123,000 circuit km of primary
distribution networks. Hydro One is committed to the communities we
serve, and has been rated as the top utility in Canada for its corporate citizenship,
sustainability, and diversity initiatives. We are one of only five
utility companies in Canada to
achieve the Sustainable Electricity Company designation from the
Canadian Electricity Association. We also provide advanced
broadband telecommunications services on a wholesale basis
utilizing our extensive fibre optic network through Hydro One
Telecom Inc. Hydro One Limited's common shares are listed on the
Toronto Stock Exchange (TSX: H). For more information about
everything Hydro One, please visit www.HydroOne.com.
Forward-Looking Statements and Information:
This press
release 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.sedar.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 Inc.