Mr. David Lebeter reports

MEMBERS OF THE POWER WORKERS' UNION RATIFY MAIN COLLECTIVE AGREEMENT WITH HYDRO ONE

Power Workers' Union (PWU) members have voted in favour of the main collective agreement with Hydro One Ltd., which will be in effect until Sept. 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 chief executive officer, 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, are expected in the near term.

About Hydro One Ltd.

Hydro One, 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 Dec. 31, 2022, and annual revenues in 2022 of approximately $7.8-billion.

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