Hydro One Ltd - Company Profile
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Hydro One Ltd (Hydro One), is an electrical transmission and distribution utility. It generates, transmits and distributes electricity using hydro, wind, natural gas, nuclear and other sources. The company operates through subsidiaries in Ontario. Hydro One also undertakes telecommunications business and certain corporate activities for broadband connectivity for commercial, residential, and industrial customers across Ontario. It serves large industrial customers through high-voltage network of transformer stations, transmission towers and wires. The company’s distribution system delivers electricity at lower voltages to homes, farms and businesses through a network of power lines and hydro poles. Hydro One is headquartered in Toronto, Ontario, Canada.
Headquarters
Canada
Address
483 Bay Street, 8th Floor, South Tower, Toronto, Ontario, M5G2P5
Website
www.hydroone.com
Telephone
1 416 3455000
No of Employees
6,500
Industry
Power
Ticker Symbol & Exchange
H (TSE)
Revenue (2022)
$6.0B
7.7%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
8.8%
(2022 vs 2021)
Market Cap*
$16.7B
Net Profit Margin (2022)
XYZ
1.1%
(2022 vs 2021)
* As of and is in US$
Hydro One Ltd premium industry data and analytics
Products and Services
| Services | Brands |
|---|---|
| Electricity Transmission | Ivy Charging Network |
| Electricity Distribution | |
| Telecommunication Services |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Others | In November, Hydro One Inc. announced the completion of US$46.9 million in transmission line upgrades. |
| 2023 | Others | In September, Hydro One Networks filed an application with the Ontario Energy Board (OEB) to upgrade an existing transmission line and operate it at a higher voltage as part of its Etobicoke Greenway Project. |
| 2023 | New Products/Services | In September, the company launched the new Ultra-Low Overnight Electricity Price Plan. |
Competitor Comparison
| Key Parameters | Hydro One Ltd | Hydro-Quebec | BC Hydro | Emera Inc | Ontario Power Generation Inc |
|---|---|---|---|---|---|
| Headquarters | Canada | Canada | Canada | Canada | Canada |
| City | Toronto | Montreal | Vancouver | Halifax | Toronto |
| State/Province | Ontario | Quebec | British Columbia | Nova Scotia | Ontario |
| No. of Employees | 6,500 | 22,051 | - | 7,122 | 10,595 |
| Entity Type | Public | Government | Private | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Timothy Hodgson | Chairman | Executive Board | 2019 | - |
| David Lebeter | Chief Executive Officer; President | Senior Management | 2023 | - |
| Brad Bowness | Chief Information Officer | Senior Management | - | - |
| Paul Harricks | Chief Legal Officer | Senior Management | 2019 | - |
| Chris Lopez | Chief Financial and Regulatory Officer; Executive Vice President | Senior Management | 2023 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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