TORONTO, July 21, 2020 /CNW/ - Hydro One Inc. ("Hydro One") is pleased to announce the achievement of tentative settlements for two collective agreements with the Power Workers' Union ("the PWU") covering approximately 3,800 regular employees and approximately 1,400 casual employees in critical front line roles across the company's operations in Ontario.
"I want to thank our respective teams for negotiating in an open and productive way to reach this outcome," said Mark Poweska, President and CEO, Hydro One. "These agreements recognize the crucial role of our front-line staff in energizing life for our customers and communities during this challenging and uncertain time."
Negotiations covered the renewal of two collective agreements: the main collective agreement, which includes front-line staff, and the Customer Service Operations collective agreement, which includes staff in customer facing roles.
Union members will now vote on these tentative agreements with the outcome anticipated by the end of September.
Hydro One Limited (TSX: H)
Hydro One Limited, through its wholly-owned subsidiaries, is Ontario's largest electricity transmission and distribution provider with approximately 1.4 million valued customers, approximately $27.1 billion in assets as at December 31, 2019, and annual revenues in 2019 of approximately $6.5 billion. Our team of approximately 8,800 skilled and dedicated employees proudly build and maintain a safe and reliable electricity system, which is essential to supporting strong and successful communities. In 2019, Hydro One invested approximately $1.7 billion in its transmission and distribution networks and supported the economy through buying approximately $1.5 billion of goods and services. We are committed to the communities where we live and work through community investment, sustainability and diversity initiatives. We are designated as a Sustainable Electricity Company by the Canadian Electricity Association. Hydro One Limited's common shares are listed on the TSX and certain of Hydro One Inc.'s medium term notes are listed on the NYSE. Additional information can be accessed at www.HydroOne.com; www.sedar.com or www.sec.gov.
Forward-Looking Statements and Information:
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SOURCE Hydro One Inc.
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