Mr. David Lebeter reports

MEMBERS OF THE POWER WORKERS' UNION RATIFY CUSTOMER SERVICE OPERATIONS COLLECTIVE AGREEMENT WITH HYDRO ONE

Hydro One Inc. has noted that Power Workers' Union (PWU) members have voted in favour of the customer service operations collective agreement, which will be in effect until Sept. 30, 2025.

"As a customer-first organization, these dedicated team members provide the highest level of support and service to our customers," said David Lebeter, president and chief executive officer, Hydro One. "I want to thank the Power Workers' Union leadership and both bargaining teams for their continued commitment to reaching this balanced outcome."

The collective agreement between Hydro One and the PWU covers employees in customer-facing roles across the company's operations in Ontario.

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.

The company's 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 seek Safe Harbor.