Hydro One Reports First Quarter Results | PR Newswire [Video]

Hydro One restores power following a once-in-a-generation storm that impacted central and eastern Ontario

, /PRNewswire/ – Hydro One Limited (Hydro One or the Company) today announced its financial and operating results for the first quarter ended March 31, 2025.  

First Quarter Highlights 

• First quarter basic earnings per share (EPS) of $0.60 compares to EPS of $0.49 for the same period in 2024.
• The change in EPS year-over-year was largely due to higher revenues resulting from Ontario Energy Board (OEB)-approved 2025 transmission and distribution rates and higher average monthly peak demand, partially offset by higher depreciation, amortization and asset removal costs, higher financing charges, and higher income tax expense. 
• The Company’s wholly-owned subsidiary, Hydro One Networks Inc., has completed the acquisition of an approximate 48 per cent interest in the East-West Tie Limited Partnership, which owns and operates the East-West Tie Line in Northern Ontario.
• Hydro One performed more than 1.1 million service …