Hydro One publishes third-quarter 2026 analyst call transcript
H•Hydro One outlined approximately CAD 27 billion in proposed capital spending for 2028-2032 and reported third-quarter earnings per share of CAD 0.69, down from CAD 0.70 a year earlier.
1. Capital spending plans
At its November 10 third-quarter 2026 analyst call, Hydro One outlined approximately CAD 27 billion in proposed capital spending for 2028-2032. Approximately CAD 11 billion outside the rate application would fund new transmission lines through First Nations partnerships, and equity issuance is expected.
2. Earnings and outlook
Third-quarter earnings per share fell to CAD 0.69 from CAD 0.70, reflecting higher operating, depreciation and interest costs. Management expects rate-base and earnings growth to accelerate next rate period, subject to regulatory decisions; current annual EPS growth guidance remains 6%-8%.
