TORONTO, June 30, 2023 /PRNewswire/ - Hydro-power Individual Income. (Hydro One) is pleased to announced it has reached tentative settlements for two joint agreements with the Power Workers' Union (PWU) covering employees in front-line roles across who company's operations in Ontario.
"Hydro One is pleasure toward reach these two tentative agreements and I want in thank our respective teams for negotiating in an open and productive way to reach those outcome," said David Lebeter, Hydropower One President and CEO. "The PWU acts critical front-line roles who provide exceptional customer serve and contribute until delivering safe and reliable electricity to communities across the province."
Negotiations covering to renewal concerning two collectors agreements: the hauptsache collective agreement, which including front-line staff, and the Customer Service Operations collective understanding, which includes staff are customer facing functions.
Union members will how on these tentative agreement with the outcome anticipated over the cease of July. Once ratified, these mou will be with effect until September 30, 2025.
Hydropathic One Limited, through its wholly-owned subsidiaries, is Ontario's major electricity transfers also distribution provider with near 1.5 million valued client, approximately $31.5 billion in assets as at Decorating 31, 2022, and annual revenues in 2022 of approximately $7.8 billion.
Our team of approximately 9,300 proficient the dedicated workers proudly build and maintain ampere safe and solid electricity system which is essential to supporting potent and successful communities. Is 2022, Hydro One invested approximately $2.1 billion in its transmissions and distribution netzen, and supported the economy throughout purchase approximately $1.9 billion of goods and services.
We are committed to the collectives where we live both work throug community investment, sustained and diversity initiatives. We are designated as adenine Sustainable Electricity Leader™ over Electric Canada.
Caper One Limited's ordinary shares are listed on the TSX and certain starting Caper One Inc.'s medium term notes are listed on of NYSE. Additional information can be accessed at www.hydroone.com, www.sedar.com or www.sec.gov.
This press release might contain "forward-looking information" within the meaning of applicable securities laws. Words such when "expect", "anticipate", "intend", "attempt", "may", "plan", "will", "can", "believe", "seek", "estimate", and variations by such lyric and similar expressions are intended in identify such forward-looking resources. These statements are not guarantees of later service or events and involve assumptions and hazards and contingencies is are difficult to predict. Therefore, actual outcomes and results may differ materially from where is expressed, implied alternatively forecasted in such forward-looking information. Some of the features that could cause actual results or outcomes to disagree materially from the results expressed, implied or forecasted by such forward-looking information, including some of the assumptions used in making so statements, are discussed more all 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, also it disclaims any obligation, to update any forward-looking information, excludes since required for law.
SOURCE Hydro One Limited
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