Mr. David Lebeter reports

MEMBERS OF THE SOCIETY OF UNITED PROFESSIONALS RATIFY COLLECTIVE AGREEMENT WITH HYDRO ONE

Hydro One Inc. and the Society of United Professionals have noted that Society-represented employees have voted in favour of renewing their collective agreement, which will be in effect until Sept. 30, 2025.

"We're pleased to have reached this balanced outcome and want to thank both bargaining teams for their commitment," said David Lebeter, president and chief executive officer, Hydro One. "I'm confident that the dedicated employees in these roles will help us build a better and brighter future for all."

"The Society of United Professionals prides itself on working collaboratively with our employers to negotiate top-flight collective agreements that are fair for everyone," said Michelle Johnston, president of the Society. "I want to congratulate the leadership of both parties for reaching a good deal, and I want to thank all of the Society-represented members at Hydro One for their strong support of their bargaining team. Now we can get back to the important work of electrifying Ontario together."

The collective agreement between Hydro One and the Society of United Professionals covers critical engineering, supervisory and administrative roles across the company's operations.

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.

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.

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