Hydro One Limited Announces Pricing of US$1.0 Billion Senior Notes Offering

Hydro One Limited, through its subsidiary Hydro One Inc., has priced an offering of US$1.0 billion in 4.750% senior notes due May 30, 2031. The offering is expected to close around May 26, 2026. Proceeds will be used to repay existing debt and for general corporate purposes. The senior notes are unsecured and rank equally with existing senior unsecured debt. This is Hydro One Inc.’s inaugural offering of senior notes. The company is Ontario’s largest electricity transmission and distribution provider, serving 1.5 million customers with $39.7 billion in assets as of December 31, 2025, and $9 billion in annual revenues for 2025. In 2025, Hydro One invested $3.4 billion in its networks and supported the economy through $3.0 billion in goods and services purchases. The company is committed to community investment, sustainability, and diversity initiatives.