- Hydro One (TSX:H) and the Power Workers’ Union (PWU) have jointly announced that tentative agreements have been reached for the renewal of two key collective agreements
- The agreements were reached following a series of negotiations aimed at ensuring continued collaboration and stability across the company’s essential services
- If ratified, the new agreements will come into effect on October 1, 2025
- Hydro One stock (TSX:H) last traded at C$52.43
Hydro One (TSX:H) and the Power Workers’ Union (PWU) have jointly announced that tentative agreements have been reached for the renewal of two key collective agreements covering front-line employees across Hydro One’s operations in Ontario.
Via a news release, the agreements, which include the main collective agreement and the Customer Service Operations collective agreement, were reached following a series of negotiations aimed at ensuring continued collaboration and stability across the company’s essential services.
The agreements are now subject to ratification by the PWU membership. Voting is expected to take place in the coming weeks. If ratified, the new agreements will come into effect on October 1, 2025.
Through its wholly-owned subsidiaries, Hydro One Inc. is Ontario’s largest electricity transmission and distribution provider with 1.5 million customers, C$36.7 billion in assets as at December 31, 2024, and annual revenues in 2024 of approximately C$8.5 billion.
Hydro One stock (TSX:H) last traded at C$52.43.
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