Hydro One


Ticker: HRNNF (H.TO in Canada)

Acquired: 5/18/2016

Cost basis: $18.2907 (US$)

Current Portfolio Status: Hold

Dividend Reinvestment: N

Dividends paid quarterly in Mar, Jun, Sep, Dec

Shares held on account at Schwab

Hydro One Limited, through its subsidiaries, operates as an electrical transmission and distribution utility in Ontario. The company owns and operates approximately 29,000 kilometers of high voltage lines and approximately 123,000 circuit kilometers of low-voltage distribution lines; and 292 transmission stations, and approximately 1,000 distribution and regulating stations. It serves approximately 1.3 million customers across the province of Ontario, and large industrial customers and local distribution companies. The company also offers broadband fibre-optic capacity to other carriers, large corporations, government agencies, and healthcare and educational institutions. Hydro One Limited was incorporated in 2015 and is headquartered in Toronto, Canada.

Ontario Power Generation (OPG – government owned) was created to be the owner and operator of all of Ontario Hydro’s electricity generating stations.  Electrical sources include (approximately):

62% nuclear, 24% hydro, 10% oil/natural gas, 4% wind, 4% solar/biomass/thermal, 0% coal (since 2014)

The company completed its IPO 5 November 2015

Note: Upon completion of the secondary (April 2016), Province of Ontario retains 71.9% ownership (to be ultimately reduced to 40%)

Relationship: RY, BNS

Last update: 19 May 2016