Hydro One ( (TSE:H) ) has shared an update.
In 2024, Hydro One Limited made significant strides in enhancing its operations and financial performance. The company invested $3.1 billion in its transmission and distribution networks, completed the Chatham to Lakeshore Transmission Line under budget, and was selected to develop a new line between Wawa and Timmins. Hydro One also strengthened its partnerships with Indigenous communities through its 50-50 First Nations Equity Partnership model, achieving its goal of purchasing 5% of goods and services from Indigenous businesses ahead of schedule. Financially, the company saw an 8.2% increase in gross revenues and a 6.6% rise in earnings per share, leading to a total shareholder return of 14.8%.
More about Hydro One
Hydro One Limited is Ontario’s largest electricity transmission and distribution provider, serving 1.5 million customers with assets valued at $36.7 billion as of December 31, 2024. The company focuses on maintaining a reliable electricity system and is committed to community investment, sustainability, and diversity initiatives. Hydro One’s common shares are listed on the TSX, and certain medium-term notes are listed on the NYSE.
YTD Price Performance: 11.55%
Average Trading Volume: 997,428
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$29.01B
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