Mr. Wassem Khalil reports

HYDRO ONE HIGHLIGHTS SAFETY PERFORMANCE, INDIGENOUS PROCUREMENT AND PARTNERSHIPS IN ITS 2025 SUSTAINABILITY REPORT

Hydro One Ltd. has released its 2025 sustainability report, titled Connecting power and possibility. The report details a strong safety performance, progress toward increasing indigenous and domestic procurement, and the buildout of Ontario's transmission system in partnership with first nation governments.

The company achieved a recordable injury rate of 0.68 per 200,000 hours worked, well below industry standards. This result reflects operational discipline, continuous improvement and dedication to ensuring every employee goes home safely at the end of each day.

Leadership in indigenous partnership and economic reconciliation remains a priority. In 2025, Hydro One spent approximately $216-million -- or more than 7 per cent of its total sourceable spend -- on purchases with indigenous businesses, exceeding its target of 5 per cent by 2026. This complements the company's strong position to deliver key projects through its industry-leading first nation equity partnership model. By the end of 2025, Hydro One had been designated 12 transmission lines.

Hydro One also took major steps forward to reinforce supply chain resilience amid global uncertainty. Through its Ontario and Canada first procurement strategy, the company directed more than 90 per cent of its total procurement spending to Canadian suppliers. This included an investment to expand Ontario-based transformer manufacturing to increase local production capacity.

"Ontario's long-term demand for electricity is increasing. Hydro One will continue to focus on sustainable solutions to meet the needs of the people of Ontario and support the province's broader economic goals," said Lisa Pearson, executive vice-president, corporate affairs, Hydro One. "Our focus on safety, Canadian procurement and strategic investments, and indigenous partnerships is supporting our efforts to build a strong, reliable and secure system. Hydro One's success is tied to Ontario's success, and we will continue to do our part to deliver value for customers, partners and communities."

About Hydro One Ltd.

Hydro One, through its wholly owned subsidiaries, is Ontario's largest electricity transmission and distribution provider with 1.5 million valued customers, $39.7-billion in assets as at Dec. 31, 2025, and annual revenues in 2025 of $9-billion.

Its team of 9,600 skilled and dedicated employees proudly build and maintain a safe and reliable electricity system, which is essential to supporting strong and successful communities. In 2025, Hydro One invested $3.4-billion in its transmission and distribution networks, and supported the economy through buying $3.0-billion of goods and services.

It is committed to the communities where it lives and works through community investment, sustainability and diversity initiatives.

Hydro One's common shares are listed on the Toronto Stock Exchange, and certain of Hydro One Inc.'s medium-term notes are listed on the New York Stock Exchange.

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