Hydro One notice of redemption of its 5.77% notes due November 15, 2012

Aug 14, 2012

TORONTO, Aug. 14, 2012 /CNW/ - Hydro One Inc. announced that tomorrow it will issue formal notice of redemption of all $600 million of Hydro One Inc.'s outstanding Series 3, 5.77% notes due November 15, 2012 (the "Notes").   The Notes will be redeemed on September 4, 2012 at a redemption price of 100.863 percent of the principal amount of the Notes together with accrued interest to September 4, 2012, in accordance with the terms of the trust indenture governing the Notes.

Hydro One Inc. is a holding company that operates through its subsidiaries in electricity transmission and distribution and telecom businesses. One of its subsidiaries, Hydro One Networks Inc., operates one of the largest transmission and distribution systems in North America. Hydro One Inc. is wholly owned by the Province of Ontario.

FORWARD-LOOKING STATEMENTS AND INFORMATION

Our oral and written public communications, including this document, often contain forward-looking statements that are based on current expectations, estimates, forecasts and projections about our business and the industry in which we operate and include beliefs and assumptions made by the management of our company.  Words such as "expect" and "will" are intended to identify such forward-looking statements.  These statements are not guarantees of future performance and involve assumptions and risks and uncertainties that are difficult to predict.  Therefore, actual outcomes and results may differ materially from what is expressed, implied or forecasted in such forward-looking statements.  We do not intend, and we disclaim any obligation to update any forward-looking statements, except as required by law.

SOURCE: Hydro One Inc.

For further information:

Ali R. Suleman
Vice President and Treasurer
(416) 345-6026

Hydro One Investor Relations
(416) 345-6867


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