Hydro One releases transcript of Q2 2026 analyst call
Reuters2026/08/13 21:07- Hydro One discussed 2Q 2026 results on an analyst call attended by CEO Megan Telford, CFO Harry Taylor, IR director Wassem Khalil.
- Basic EPS rose to $0.62 from $0.54; net income attributable to common shareholders increased 13.1% on higher OEB-approved rates.
- Issued USD 1 billion senior 4.75% notes due 2031; swapped to a Canadian fixed equivalent rate of 3.835%.
- FFO-to-net-debt was 14.1%; management flagged 11% as the downgrade threshold, pointing to hybrid debt, then equity, potentially via an ATM.
- Joint rate application for 2028-2032 expected in October; dividend declared at $0.3531 per share, payable to holders of record Sept. 9.
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