Members of the Power Workers' Union ratify two renewal collective agreements with Hydro One

TORONTO, Oct. 6, 2020 /CNW/ - Hydro One Inc. is pleased to announce that the Power Workers' Union ("PWU") members voted in favour of two renewal collective agreements: the main collective agreement, which includes front-line staff, and the Customer Service Operations collective agreement, which includes staff in customer facing roles. 

"These agreements between Hydro One and the Power Workers' Union reflect our shared commitment to work together on behalf of our customers and communities, to be their voice and to take action to meet their needs," said Mark Poweska, President and CEO, Hydro One. "We look forward to a continued positive working relationship with the leadership of the PWU, which represents our frontline workers who deliver safe, reliable and affordable electricity to communities across Ontario." 

The collective agreements between Hydro One Inc. and the PWU cover approximately 3,800 regular employees and approximately 1,500 contingent employees in critical front line roles across the company's operations 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 approximately 1.4 million valued customers, approximately $27.1 billion in assets as at December 31, 2019, and annual revenues in 2019 of approximately $6.5 billion. Our team of approximately 8,800 skilled and dedicated employees proudly build and maintain a safe and reliable electricity system, which is essential to supporting strong and successful communities. In 2019, Hydro One invested approximately $1.7 billion in its transmission and distribution networks and supported the economy through buying approximately $1.5 billion of goods and services. 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. 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 www.HydroOne.com; www.sedar.com or www.sec.gov.

Forward-Looking Statements and Information

This press release may contain "forward-looking information" within the meaning of applicable 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 www.sedar.com. Hydro One does not intend, and it disclaims any obligation, to update any forwardlooking information, except as required by law.

SOURCE Hydro One Limited

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