#Canada #Toronto #Ontario #Hydro One Limited #Electricity Provider

Hydro One Limited Announces New Board Members

Hydro One Limited, a prominent player in Ontario's electricity sector, has successfully elected nine nominees to its board of directors during its Annual and Special Meeting of Shareholders held on June 24, 2025. The meeting gathered a significant turnout from shareholders, with a total of 504,530,595 shares cast, accounting for 84.12% of Hydro One's outstanding common shares.

The nominees were presented in the Management Information Circular dated April 28, 2025, which detailed comprehensive profiles of each candidate. Following the voting process, the results in terms of support for each candidate were overwhelmingly positive. Here’s a look at the final counts:

• - David Hay: 99.46% in favor
• - David Lebeter: 99.87% in favor
• - Stacey Mowbray: 99.82% in favor
• - Mitch Panciuk: 99.71% in favor
• - Mark Podlasly: 99.87% in favor
• - Helga Reidel: 99.73% in favor
• - Melissa Sonberg: 99.28% in favor
• - Brian Vaasjo: 99.20% in favor
• - Susan Wolburgh Jenah: 97.75% in favor

These results indicate robust confidence from the shareholder base in the new board, reflecting the management’s commitment to corporate governance and accountability. This year’s meeting also saw approvals for all other matters on the agenda, showcasing a unified front among stakeholders.

Hydro One Limited has established itself as Ontario's largest electricity transmission and distribution service provider, serving approximately 1.5 million customers. As of December 31, 2024, it boasts $36.7 billion in total assets, with revenue reaching $8.5 billion in 2024. The board’s leadership is crucial as it oversees Hydro One's pivotal role in providing safe and reliable electricity to Ontario’s residents.

The company has committed significant resources toward improving and expanding its network infrastructure. In 2024, it invested $3.1 billion into its transmission and distribution systems and made substantial contributions to the local economy by purchasing $2.9 billion worth of goods and services.

In addition to its operational responsibilities, Hydro One is dedicated to community involvement and sustainability initiatives. The company integrates diversity and social responsibility into its business strategy, aiming to foster a positive impact on the communities it serves.

For those interested in a deeper understanding of Hydro One’s governance and the outcomes of the shareholder meeting, comprehensive materials and detailed voting results are available at their website, www.hydroone.com. Here, stakeholders can also access a wealth of information surrounding the company's financial performance, strategic goals, and governance practices.

Looking forward, Hydro One Limited published a forward-looking statement in the release, emphasizing that while it continues to anticipate growth and success, it operates under inherent uncertainties and risks that could influence outcomes. For more nuanced discussions on these declarations and further developments, stakeholders are encouraged to monitor Hydro One's updates alongside their regulatory filings.

In conclusion, the recently elected board members are poised to lead Hydro One toward continued innovation and improvement, ensuring reliable service delivery that meets the growing energy demands of Ontario’s communities and businesses. Hydro One remains committed not only to maintaining operational excellence but also to enhancing its role as a cornerstone in the province's efforts toward sustainable energy solutions.