Hydro One Submits CA$37 Billion Plan to Ontario Energy Board to Upgrade And Extend Electrical Grid
MT newswire2026/10/08 17:1201:12 PM EDT, 10/08/2026 (MT Newswires) -- Hydro One (H.TO) said on Thursday that it submitted a CA$37 billion investment plan to the Ontario Energy Board (OEB), that, if approved, would see a slight increase in rates. The application proposes a five-year plan that would enable the delivery of 6,000 megawatts of new electricity, enough to power the equivalent of five million homes, and upgrade 1,400 kilometers of transmission lines, Hydro One said. If approved, the monthly bill for a "typical" medium-density residential customer (R1) would increase by CA$0.50 in 2028 and by CA$1.14 each year from 2028 to 2032 for transmission. Monthly base charges for distribution would decrease by about CA$0.10 in 2028 and remain unchanged in the following years, a statement added. Hydro One shares were last seen up CA$0.20 at CA$51.03 on the Toronto Stock Exchange. Price: 50.99, Change: +0.16, Percent Change: +0.31
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