TORONTO, Oct. 6, 2020 /CNW/ - Hydro One Inc. is pleased to
announce that the Power Workers' Union ("PWU") members voted in
favour of two renewal collective agreements: the main collective
agreement, which includes front-line staff, and the Customer
Service Operations collective agreement, which includes staff in
customer facing roles.
"These agreements between Hydro One and the Power Workers' Union
reflect our shared commitment to work together on behalf of our
customers and communities, to be their voice and to take action to
meet their needs," said Mark
Poweska, President and CEO, Hydro One. "We look forward to a
continued positive working relationship with the leadership of the
PWU, which represents our frontline workers who deliver safe,
reliable and affordable electricity to communities across
Ontario."
The collective agreements between Hydro One Inc. and the PWU
cover approximately 3,800 regular employees and approximately 1,500
contingent employees in critical front line roles across the
company's operations in Ontario.
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 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 forwardlooking information, except as
required by law.
SOURCE Hydro One Limited