13:28:08 EDT Tue 23 Apr 2024
Enter Symbol
or Name
USA
CA



Hydro One Ltd
Symbol H
Shares Issued 596,605,054
Close 2019-12-06 C$ 26.04
Market Cap C$ 15,535,595,606
Recent Sedar Documents

Globe says Hydro One CEO seeks "a grid for the future"

2019-12-09 08:11 ET - In the News

The Globe and Mail reports in its Monday, Dec. 9, edition that chief executive officer Mark Poweska says he is being grilled by institutional investors over Hydro One's plans for dealing with climate change. The Globe's Andrew Willis writes that Mr. Poweska says Hydro One is committed to improving operations, snapping up local electrical distribution systems where it can, and building "a grid for the future." Mr. Poweska says: "In talking to investors, we kept hearing that we needed to address environmental challenges, that ESG [environmental, social and governance] issues such as our plans to de-carbonize are critical to our strategy. Fortunately, we have a good ESG story to tell." Ontario drivers will be among the first customers tapping into the new CEO's climate change strategy. In partnership with Ontario Power Generation, Hydro One plans to install 100 charging stations for electric vehicles in more than 40 service centres on major Ontario highways by the end of 2020. The network is branded as "Ivy" and to build awareness, drivers initially will be able to charge their batteries at no cost. Hydro One plans to help homeowners and businesses with advise on energy options.

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