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Hydro One Limited (T:H)

Business Focus: Electric Utilities (NEC)

Sector:  Utilities Industry:  Electric Utilities
 
Company Contact
Address: 483 Bay Street, 8Th Floor, South Tower
TORONTO ON M5G 2P5
Tel: N/A
Website: https://www.hydroone.com
IR: See website
Key People
David Lebeter
President, Chief Executive Officer, Chief Operating Officer, Director
Chris Lopez
Chief Financial Officer
Megan Telford
Chief Human Resource Officer
Paul H. Harricks
Executive Vice President, Chief Legal Officer
   
Business Overview
Hydro One Limited is a Canada-based company engaged in the business of transmission and distribution of electricity to customers within Ontario. The Company's segments include Transmission, Distribution and Other segment. The Transmission segment comprises the transmission of high voltage electricity across the province, interconnecting local distribution companies and certain large directly connected industrial customers throughout the Ontario electricity grid. The Distribution segment comprises the delivery of electricity to end customers and certain other municipal electricity distributors. The Other segment includes certain corporate activities, investments including a joint venture that owns and operates electric vehicle fast charging stations across Ontario under the Ivy Charging Network brand, and the operations of the Company's telecommunications business. The Company's subsidiaries include Hydro One Networks Inc. (Hydro One Networks) and Hydro One Sault Ste. Marie LP (HOSSM).
Financial Overview
For the fiscal year ended 31 December 2023, Hydro One Ltd revenues increased 1% to C$7.84B. Net income increased 3% to C$1.09B. Revenues reflect Transmission segment increase of 7% to C$2.21B, Other segment increase of 12% to C$48M. Net income benefited from Transmission segment income increase of 6% to C$1.19B. Dividend per share increased from C$1.11 to C$1.17.
Employees: 7,000 as of Dec 31, 2023
Reporting Currency: Canadian Dollars
Enterprise value: $39,333M as of Dec 31, 2023
Annual revenue (TTM): $7,844M as of Dec 31, 2023
EBITDA (TTM): $2,694M as of Dec 31, 2023
Net annual income (TTM): $1,085M as of Dec 31, 2023
Free cash flow (TTM): -$764.00M as of Dec 31, 2023
Net Debt Last Fiscal Year: $15,610M as of Dec 31, 2023
Shares outstanding: 599,077,067 as of Dec 31, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization