Latest news with #HydroOne
Globe and Mail
2 days ago
- Business
- Globe and Mail
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.
Cision Canada
2 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
2 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
CTV News
5 days ago
- Climate
- CTV News
Planned power outage in Essex will leave 1,400 without power
Nearly 1,400 Hydro One customers be without power early Sunday morning for a planned outage. Customers in Essex within the Gosfield South area, as well as residents in Kingsville will be affected. Hydro One is installing new equipment in the area, and the power will be off on June 1 from 4:30 a.m. until 9:30 a.m. All Hydro One customers impacted by this planned maintenance outage have already been contacted. Hydro One reminds all members of the public to always stay clear of downed power lines or equipment. - by Meagan Delaurier, AM800
Yahoo
27-05-2025
- Business
- Yahoo
Hydro One (TSE:H) Is Increasing Its Dividend To CA$0.3331
Hydro One Limited (TSE:H) will increase its dividend from last year's comparable payment on the 30th of June to CA$0.3331. Even though the dividend went up, the yield is still quite low at only 2.6%. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. The dividend yield is a little bit low, but sustainability of the payments is also an important part of evaluating an income stock. Based on the last payment, Hydro One's earnings were much higher than the dividend, but it wasn't converting those earnings into cash flow. No cash flows could definitely make returning cash to shareholders difficult, or at least mean the balance sheet will come under pressure. Over the next year, EPS is forecast to expand by 16.4%. If the dividend continues on this path, the payout ratio could be 26% by next year, which we think can be pretty sustainable going forward. See our latest analysis for Hydro One Even though the company has been paying a consistent dividend for a while, we would like to see a few more years before we feel comfortable relying on it. Since 2016, the dividend has gone from CA$0.84 total annually to CA$1.33. This works out to be a compound annual growth rate (CAGR) of approximately 5.3% a year over that time. The dividend has been growing as a reasonable rate, which we like. However, investors will probably want to see a longer track record before they consider Hydro One to be a consistent dividend paying stock. Some investors will be chomping at the bit to buy some of the company's stock based on its dividend history. It's encouraging to see that Hydro One has been growing its earnings per share at 7.9% a year over the past five years. The lack of cash flows does make us a bit cautious though, especially when it comes to the future of the dividend. In summary, while it's always good to see the dividend being raised, we don't think Hydro One's payments are rock solid. With cash flows lacking, it is difficult to see how the company can sustain a dividend payment. This company is not in the top tier of income providing stocks. Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. Still, investors need to consider a host of other factors, apart from dividend payments, when analysing a company. For example, we've identified 2 warning signs for Hydro One (1 is a bit concerning!) that you should be aware of before investing. Looking for more high-yielding dividend ideas? Try our collection of strong dividend payers. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
