Hydro One invests $5 million to strengthen local power system and support future growth in the Township of Perry

Huntsville, ON, September 28, 2022 - Today, Hydro One announced it has invested $5 million to strengthen the local distribution infrastructure and support future growth in the Township of Perry. The company recently rebuilt its Emsdale Distribution Station to improve reliability and resiliency while also increasing capacity to support future growth in the community as part of its investment plan to renew and replace aging infrastructure in the province. The previous station served the area for more than 45 years.

"We are investing in building and renewing infrastructure to support local businesses, residents and the economy now and in the future," said David Lebeter, Chief Operating Officer, Hydro One. "Residents and businesses in the Township of Perry depend on us and we are proud to continue energizing life in the community with the completion of our new distribution station."

"Hydro One's investment in our Township shows the company's commitment to energizing life in our communities," said Mayor Norm Hofstetter, Township of Perry. "Our Township continues to grow and prosper with assurance that we have safe and reliable power thanks to the new station in Emsdale."

As Hydro One invests in its system, it is also installing technology to better manage the local electricity network and improve reliability for customers such as remotely operated equipment installed outside the station to help restore power faster during an outage. Hydro One built the new station next to where the former station was located on Deer Lake Road.

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Hydro One Limited (TSX: H)

Hydro One Limited, through its wholly-owned subsidiaries, is Ontario's largest electricity transmission and distribution provider with approximately 1.5 million valued customers, approximately $30.4 billion in assets as at December 31, 2021, and annual revenues in 2021 of approximately $7.2 billion.

Our team of approximately 9,300 skilled and dedicated employees proudly build and maintain a safe and reliable electricity system which is essential to supporting strong and successful communities. In 2021, Hydro One invested approximately $2.1 billion in its transmission and distribution networks, and supported the economy through buying approximately $1.7 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.