A regulator still has to say yes. A press release is not steel
Hydro One (TSX: H) reported second-quarter 2026 results on August 12. Net income attributable to common shareholders was $370 million, or $0.62 a basic share, against $327 million and $0.54 a year earlier. Revenue was $2.302 billion. Revenue net of purchased power was $1.231 billion. The company said the lift came from OEB-approved 2026 rates and higher peak demand, partly offset by higher financing charges and OM&A. Capital in the quarter was $812 million. Assets placed in service were $644 million. Transmission peak demand averaged 20,936 megawatts. Distribution delivered 7,550 gigawatt-hours. The dividend is $0.3531, payable September 29.
Megan Telford became president and CEO after David Lebeter retired June 9. Hydro One Inc. sold US$1.0 billion of 4.75 percent senior notes due May 30, 2031. The Canadian fixed equivalent is 3.835 percent. Proceeds repay maturing debt and commercial paper.
The map is a stack of applications, not a build sheet
The company was selected to develop the Red Lake Transmission Line north of Dryden: a double-circuit 230-kV line from Dryden to Ear Falls and on to Red Lake Switching Station. In-service talk is the early 2030s.
It also filed leave-to-construct with the OEB on four files. Northeast Power Line is a single-circuit 500-kV line from Greater Sudbury to Wharncliffe, about $1.9 billion, aimed at about 900 megawatts of extra transfer and a 2029 finish. Longwood to Lakeshore is a single-circuit 500-kV line in southwestern Ontario, about $1.2 billion, about 550 megawatts, aimed at 2030. Durham Kawartha is a double-circuit 230-kV line from Clarington to Peterborough County, about $430 million, in service 2029. Orléans Area Reinforcement is a new 115-kV line plus a 115-to-230-kV conversion, about $100 million, in service 2029.
Those are applications and a selection. They are not energized circuits.