2025 Annual Report

While delivering safe and reliable power, we're dedicated to making a positive impact for the people and places we serve— building a brighter, low-carbon Ontario for generations to come.

Download Annual Report Download Financial Report
Logs stacked up on top of each other
David Lebeter headshot

A message from our

President & CEO

Hydro One is leading Ontario into an electrified future that promises a better and brighter future for generations to come. I am proud of what we have achieved together and confident in what lies ahead. Thank you to our employees for their dedication and for the trust of our customers, partners and shareholders. Together, we are "Connecting Power and Possibility".

David Lebeter

President & Chief Executive Officer

2025

Key highlights

Safety first

Safety remains the foundation for our operations and the defining measure of our success. In 2025, our relentless focus on safety delivered strong results, including 20 months with no High Energy Serious Injury or Fatality incidents and a very low recordable injury rate — putting Hydro One in the top safety quartile amongst our peers.

Hydro one worker working on a power line
Transmission tower

Resilience and response

On March 28, 2025, a generational ice storm swept across Ontario, affecting more than 620,000 of our customers. More than 4,800 employees supported by 30 local distribution companies and utility partners mobilized quickly to restore power. This extraordinary response reflects the skill, dedication and collaboration that defines Hydro One at its best.

To further aid recovery efforts, Hydro One established the Ice Storm 2025: Recovery Grant, offering up to $10,000 to Indigenous communities and municipalities that were impacted by the storm. Through our actions, we demonstrated to customers that they can count on Hydro One during extreme weather events and outages, especially when they need us most.

Hydro one employees standing together

Powering growth

In 2025, we advanced work aligned with the government's Integrated Energy Plan, a long-term strategy to ensure the province has affordable, reliable, and clean energy to fuel economic growth through 2050. We broke ground on the St. Clair Transmission Line, a $472-million project being delivered with First Nation partners that will add approximately 450 megawatts of power in southwest Ontario and enable EV battery manufacturing and agriculture in the region.

In addition to existing transmission lines, we were designated to develop a new 500 kV transmission line running from Bowmanville to the Greater Toronto Area. With 14 transmission lines in various stages of development or construction, we're well positioned to deliver significant growth in critical infrastructure — driving economic opportunity and prosperity across the province.

This work is being carried out in collaboration with Indigenous partners and communities and alongside Canadian suppliers. In 2025, more than 90% of our purchases were made with Canadian companies.

Read our latest reports

Discover more

Construction worker lifting wooden logs

2025 Annual Report

Download now
Construction worker lifting wooden logs

2025 Financial Report

Download now

​​​​​​​​​​​​