TORONTO, April 23, 2020 /CNW/ - Today Hydro One Networks
Inc. ("Hydro One"), Ontario's
largest electricity transmission and distribution company, received
decisions from the Ontario Energy Board ("OEB") regarding its
2020-22 transmission rate application and the Barrie Area
Transmission Upgrade project.
Please see the OEB's website for copies of both decisions:
- Decision regarding 2020-22 transmission rate application
- Decision regarding Barrie Area Transmission Upgrade
project
Hydro One is reviewing these decisions in detail and will
determine the appropriate next steps.
Hydro One Limited (TSX: H)
Hydro One Limited, through
its wholly-owned subsidiaries, is Ontario's largest
electricity transmission and distribution provider with
approximately 1.4 million valued customers,
approximately $27.1 billion in assets as at December
31, 2019, and annual revenues in 2019 of approximately $6.5
billion. Our team of approximately 8,800 skilled and dedicated
employees proudly build and maintain a safe and reliable
electricity system, which is essential to supporting strong and
successful communities. In 2019, Hydro One invested
approximately $1.7 billion in its transmission and
distribution networks and supported the economy through buying
approximately $1.5 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 Company by the Canadian
Electricity Association. 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.sedar.com or www.sec.gov.
Forward-Looking Statements and Information:
This press
release and the decisions 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.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.