Latest news with #DavidLebeter
Cision Canada
3 days ago
- Business
- Cision Canada
Members of the Power Workers' Union ratify collective agreement
TORONTO, June 2, 2025 /CNW/ - Hydro One Inc. (Hydro One) and the Power Workers' Union (PWU) are pleased to announce that PWU members have ratified the tentative agreement reached on May 5, 2025. The new agreement is effective from October 1, 2025, to March 31, 2028, and combines the main and Customer Service Organization agreements into one, covering front-line and customer-facing roles. "Thank you to the Power Workers' Union leadership and both bargaining teams for their efforts to reach a balanced and fair outcome," said David Lebeter, President and Chief Executive Officer, Hydro One. "I am confident that under this unified agreement, our employees represented by the Power Workers' Union will continue to work safely to deliver value and support growth in Ontario for years to come." "The Power Workers' Union are pleased with the stability that comes from successfully negotiating a unified collective agreement that meets the needs of our members and the public," said Jeff Parnell, PWU President. "Achieving the agreement early, before the end of the previous collective agreement, is testament to the positive relations between the parties and will ensure the PWU will continue to be the people who help keep the lights on in Ontario." Hydro One Limited (TSX: H) Hydro One Limited, through its wholly-owned subsidiaries, is Ontario's largest electricity transmission and distribution provider with 1.5 million valued customers, $36.7 billion in assets as at December 31, 2024, and annual revenues in 2024 of $8.5 billion. Our team of 10,100 skilled and dedicated employees proudly build and maintain a safe and reliable electricity system which is essential to supporting strong and successful communities. In 2024, Hydro One invested $3.1 billion in its transmission and distribution networks, and supported the economy through buying $2.9 billion of goods and services. We are committed to the communities where we live and work through community investment, sustainability and diversity initiatives. Hydro One Limited's common shares are listed on the TSX and certain of Hydro One Inc.'s medium term notes are listed on the NYSE. Additional information can be accessed at or Forward-Looking Statements and Information: This press release may contain "forward-looking information" within the meaning of applicable Canadian securities laws and "forward-looking statements" within the meaning of applicable U.S. securities laws (collectively, "forward-looking information"). Statements containing forward-looking information are made pursuant to the "safe harbour" provisions of applicable Canadian and U.S. securities laws. Words such as "expect", "anticipate", "intend", "attempt", "may", "plan", "will", "can", "believe", "seek", "estimate", and variations of such words and similar expressions are intended to identify such forward-looking information. These statements are not guarantees of future performance or actions and involve assumptions and risks and uncertainties that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed, implied or forecasted in such forward-looking information. Some of the factors that could cause actual results or outcomes to differ materially from the results expressed, implied or forecasted by such forward-looking information, including some of the assumptions used in making such statements, are discussed more fully in Hydro One's filings with the securities regulatory authorities in Canada, which are available on SEDAR+ at Hydro One does not intend, and it disclaims any obligation, to update any forward-looking information, except as required by law.
Yahoo
3 days ago
- Business
- Yahoo
Members of the Power Workers' Union ratify collective agreement
TORONTO, June 2, 2025 /CNW/ - Hydro One Inc. (Hydro One) and the Power Workers' Union (PWU) are pleased to announce that PWU members have ratified the tentative agreement reached on May 5, 2025. The new agreement is effective from October 1, 2025, to March 31, 2028, and combines the main and Customer Service Organization agreements into one, covering front-line and customer-facing roles. "Thank you to the Power Workers' Union leadership and both bargaining teams for their efforts to reach a balanced and fair outcome," said David Lebeter, President and Chief Executive Officer, Hydro One. "I am confident that under this unified agreement, our employees represented by the Power Workers' Union will continue to work safely to deliver value and support growth in Ontario for years to come." "The Power Workers' Union are pleased with the stability that comes from successfully negotiating a unified collective agreement that meets the needs of our members and the public," said Jeff Parnell, PWU President. "Achieving the agreement early, before the end of the previous collective agreement, is testament to the positive relations between the parties and will ensure the PWU will continue to be the people who help keep the lights on in Ontario." Hydro One Limited (TSX: H) Hydro One Limited, through its wholly-owned subsidiaries, is Ontario's largest electricity transmission and distribution provider with 1.5 million valued customers, $36.7 billion in assets as at December 31, 2024, and annual revenues in 2024 of $8.5 billion. Our team of 10,100 skilled and dedicated employees proudly build and maintain a safe and reliable electricity system which is essential to supporting strong and successful communities. In 2024, Hydro One invested $3.1 billion in its transmission and distribution networks, and supported the economy through buying $2.9 billion of goods and services. We are committed to the communities where we live and work through community investment, sustainability and diversity initiatives. Hydro One Limited's common shares are listed on the TSX and certain of Hydro One Inc.'s medium term notes are listed on the NYSE. Additional information can be accessed at or Forward-Looking Statements and Information:This press release may contain "forward-looking information" within the meaning of applicable Canadian securities laws and "forward-looking statements" within the meaning of applicable U.S. securities laws (collectively, "forward-looking information"). Statements containing forward-looking information are made pursuant to the "safe harbour" provisions of applicable Canadian and U.S. securities laws. Words such as "expect", "anticipate", "intend", "attempt", "may", "plan", "will", "can", "believe", "seek", "estimate", and variations of such words and similar expressions are intended to identify such forward-looking information. These statements are not guarantees of future performance or actions and involve assumptions and risks and uncertainties that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed, implied or forecasted in such forward-looking information. Some of the factors that could cause actual results or outcomes to differ materially from the results expressed, implied or forecasted by such forward-looking information, including some of the assumptions used in making such statements, are discussed more fully in Hydro One's filings with the securities regulatory authorities in Canada, which are available on SEDAR+ at Hydro One does not intend, and it disclaims any obligation, to update any forward-looking information, except as required by law. View original content to download multimedia: SOURCE Hydro One Inc. View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
30-04-2025
- Business
- Cision Canada
CNIB and Hydro One partner to enhance guide dog safety training infrastructure
TORONTO, April 30, 2025 /CNW/ - CNIB and Hydro One Inc. (Hydro One) announced today a three-year partnership to enhance safety training infrastructure at the CNIB Guide Dogs Canine Campus in Carleton Place, Ontario. The partnership will focus on three components of the training program: The Indoor City Simulation where guide dogs are trained in a controlled, real-world environment to safely navigate intersections, public transit, and other urban spaces. Expanded safety training features including tactile paving, pedestrian crosswalks, and obstacle navigation to prepare dogs and handlers for real-world mobility challenges. Measurable safety outcomes to further demonstrate how every client and guide dog placed in the program has undergone comprehensive training in high-risk environments. "At CNIB, we believe that safety and independence go hand in hand," said Angela Bonfanti, President & CEO of CNIB. "Hydro One's generous support ensures that Canadians who are blind, Deafblind or low vision can confidently navigate their communities with the assistance of our highly trained guide dogs. Together, we are breaking down barriers and creating a safer, more inclusive world." "Safety is a core value and at the heart of everything we do at Hydro One and also guides how we give back to the communities where we live, work and play," said David Lebeter, President and CEO, Hydro One. "This three-year partnership with the CNIB will enhance safety training and help build a caring connection between people who are blind and their guide dogs." People with sight loss often say having a guide dog is a transformational experience. Being part of a guide dog team provides mobility, safety and confidence, leading to increased independence and a sense of connection with the world. CNIB Guide Dogs has raised, trained, and matched more than 100 guide dog teams across Canada since the program's inception in 2017. With applicants waiting on average three to four years to be matched with a CNIB Guide Dog, partnerships like this are crucial in ensuring every individual who needs a guide dog has access to one. For more information about CNIB Guide Dogs and how you can support the program, visit
Yahoo
05-03-2025
- Business
- Yahoo
Hydro One Networks buys 48% stake in East-West Tie Limited Partnership
Hydro One Networks, a wholly owned subsidiary of Hydro One, has completed the acquisition of a 48% stake in the East-West Tie Limited Partnership. The stake was acquired from OMERS Infrastructure Management affiliates and Enbridge Transmission Holdings under a deal signed in December 2024. East-West Tie Limited Partnership owns the East-West Tie Line, a 450km, 230 kilovolt (kV) double-circuit transmission line regulated by the Ontario Energy Board (OEB) which stretches between Wawa and Thunder Bay along the north shore of Lake Superior, Canada. The acquisition, valued at C$261m ($180.3m), includes closing adjustments. The closure of the deal results in a partnership for Hydro One with the other owners of the East-West Tie Line: Bamkushwada Limited Partnership, a consortium of six First Nations, and affiliates of NextEra Energy Canada, which own 3.5% and 48% respectively. The East-West Tie Line features an OEB-approved rate base of C$880m. Hydro One president and CEO David Lebeter stated: "Electricity is the backbone of the economy, and Hydro One has a long history of owning and operating transmission infrastructure in the north. "This investment will continue to support the reliable delivery of electricity that powers daily life and contributes to shared long-term prosperity in the region." The East-West Tie Line was constructed in collaboration with the Bamkushwada Limited Partnership, jointly owned by Biigtigong Nishnaabeg, Fort William First Nation, Michipicoten First Nation, Netmizaaggamig Nishnaabeg, Pays Plat First Nation and Red Rock Indian Band. Hydro One Limited, via its fully-owned subsidiaries, is the largest electricity transmission and distribution provider in Ontario with 1.5 million customers and $37bn in assets as of 31 December 2024. In the same month, the company was selected to develop a critical transmission line in northeastern Ontario in partnership with First Nations. The OEB was directed to amend Hydro One's transmission licence to enable the construction of this project. "Hydro One Networks buys 48% stake in East-West Tie Limited Partnership" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
