Business
Hydro One provides update on the settlement process for its Joint Rate Application
Hydro One provides update on the settlement process for its Joint Rate Application ...
About this update from Hydro One Limited
[{"type":"text","content":"\n \n \n \n Hydro One provides update on the settlement process for its Joint Rate Application\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Sept. 2, 2022\n \n \n /CNW/ - Today, Hydro One Networks Inc. (Hydro One) provided an update on the settlement process for its Joint Rate Application, which includes its 2023-2027 Investment Plan for the company's transmission and distribution system. The settlement process is ongoing and is subject to the Ontario Energy Board's confidentiality guidelines. To learn more, click\n \n here\n \n .\n \n \n \n \n \n \n \n \n \n Hydro One's 2023-2027 investment plan, informed by customer feedback, plans to reduce the impacts of power outages for its distribution customers, renew and replace critical transmission and distribution infrastructure, enable economic growth and prepare for climate change.\n \n \n \n Hydro One Limited (TSX:\n \n H\n \n )\n \n \n \n Hydro One Limited, through its wholly-owned subsidiaries, is Ontario's largest electricity transmission and distribution provider with approximately 1.5 million valued customers, approximately $30.4 billion in assets as at December 31, 2021, and annual revenues in 2021 of approximately $7.2 billion.\n \n \n Our team of approximately 9,300 skilled and dedicated employees proudly build and maintain a safe and reliable electricity system which is essential to supporting strong and successful communities. In 2021, Hydro One invested approximately $2.1 billion in its transmission and distribution networks, and supported the economy through buying approximately $1.7 billion of goods and services.\n \n \n We are committed to the communities where we live and work through community investment, sustainability and diversity initiatives. We are designated as a Sustainable Electricity Company by the Canadian Electricity Association.\n \n \n 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. Additio...