Hydro One and Power Workers' Union Finalize a New Collective Agreement

On June 2, 2025, Hydro One Inc. and the Power Workers' Union (PWU) announced that members of the PWU have ratified a tentative agreement reached earlier. This consensus comes as a significant achievement for both parties involved and signals a lasting commitment to service and collaboration in Ontario's energy sector.

Agreement Details

The newly ratified collective agreement is set to be effective from October 1, 2025, through March 31, 2028. This agreement is particularly notable as it unifies the main agreement and the Customer Service Organization agreement into a single framework. This change will provide comprehensive coverage for front-line and customer-facing roles, thereby enhancing operational efficiency.

David Lebeter, President and Chief Executive Officer of Hydro One, expressed his gratitude towards the leadership of the Power Workers' Union and both negotiating teams. He stated, “I am confident that under this unified agreement, our employees represented by the Power Workers' Union will continue to work safely to deliver value and support growth in Ontario for years to come.”

Such a statement underscores Hydro One's commitment to not only maintaining but also enhancing its service quality in Ontario’s electricity sector.

PWU’s Perspective

Jeff Parnell, President of the PWU, articulated the union's satisfaction with the stability brought forth by this successful negotiation. He stated, “Achieving the agreement early, before the end of the previous collective agreement, is a testament to the positive relations between the parties.” Parnell emphasized that the union members will continue being vital stakeholders in maintaining Ontario's electricity supply, remarking that they are the personnel who keep the lights on.

Hydro One's Profile

Hydro One Limited is the largest electricity transmission and distribution provider in Ontario, serving 1.5 million customers and managing assets worth approximately $36.7 billion as of December 31, 2024. The company notably achieved annual revenues of $8.5 billion in 2024.

With a dedicated workforce of over 10,100 employees, Hydro One is committed to building and maintaining a safe, reliable electricity system that supports strong and sustainable communities. In 2024 alone, Hydro One invested $3.1 billion into its transmission and distribution networks, underscoring its dedication to community and economic development through procurement of $2.9 billion in goods and services.

Looking Forward

As part of its ongoing mission, Hydro One is devoted to supporting the communities in which it operates through initiatives for sustainability and diversity. The ratification of this agreement marks a substantial step towards fostering a collaborative environment between the company and its employees, thus ensuring reliability in service delivery for years to come.

The stock of Hydro One Limited is traded on the Toronto Stock Exchange (TSX), and some of Hydro One Inc.'s medium-term notes are listed on the New York Stock Exchange (NYSE). For more information about Hydro One, visit www.hydroone.com or consult their filings at www.sedarplus.com and www.sec.gov.

This collective agreement not only reflects the dedication of Hydro One and PWU to their employees but also their commitment to the public they serve, showcasing how vital partnerships can lead to effective governance and community support in Ontario’s energy landscape.