TORONTO, April 8, 2021 /PRNewswire/ - Today, Hydro One
Networks Inc. (Hydro One) received a decision from the Ontario
Energy Board (OEB) regarding the implementation of the deferred tax
asset.
Please see the OEB's website for a copy of the decision.
Hydro One is reviewing the decision in detail and will determine
the appropriate next steps.
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 $30.3 billion in assets as at December 31, 2020, and annual revenues in 2020 of
approximately $7.3 billion.
Our team of approximately 8,700 skilled and dedicated employees
proudly build and maintain a safe and reliable electricity system
which is essential to supporting strong and successful communities.
In 2020, Hydro One invested approximately $1.9 billion in its transmission and distribution
networks and supported the economy through buying approximately
$1.7 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 and the decision to which it refers 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. Such statements include, but are not limited to,
statements regarding the implementation of the Ontario Energy
Board's decision on the deferred tax asset and possible next steps.
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
forward-looking information, except as required by law.
Our website is www.HydroOne.com. Follow us on
facebook.com/hydrooneofficial, twitter.com/hydroone and
instagram.com/hydrooneofficial
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SOURCE Hydro One Limited