“The Society of United Professionals is proud to work with employers to negotiate collective agreements that are fair to all,” said Scott Travers, President of the Society. “I am very pleased that our members voted in favour of this agreement.” “This agreement recognizes our staff`s significant contributions to providing exceptional customer service, reducing costs, improving the reliability of Ontario`s electrical system and increasing shareholder value,” said Paul Dobson, Executive President and CEO of Hydro One. “Hydro One is committed to building relationships with union leadership, and I want to thank our bargaining teams for their hard work and collaboration over the past few months.” TORONTO, April 30, 2019 /PRNewswire/ – Hydro One Inc. and the Society of United Professionals (“the Society”) are pleased to announce that union members have voted in favour of a two-year collective agreement. The collective agreement between Hydro One Inc. and the company employs approximately 1,500 employees in critical engineering, monitoring and administrative tasks. Through the Society of United Professionals: The Society of United Professionals was founded more than 70 years ago by engineers who wanted better working conditions. Today, the company represents 8,000 professionals across Ontario in the public, private and non-profit sectors. Members of the company include engineers, lawyers and superiors among many other professions. Learn more about www.thesociety.ca and follow us on Facebook, Twitter and YouTube. Through Hydro One Inc.:Hydro One Inc.
is a wholly-related subsidiary of Hydro One Limited, Ontario`s largest electricity transmission and distribution provider, with nearly 1.4 million customer customers, a fortune of approximately $25.7 billion and annual revenue of nearly $6.2 billion in 2018. Our team of approximately 8,600 skilled and dedicated employees proudly builds and maintains a safe and reliable electrical system, essential to support strong and prosperous communities. In 2018, Hydro One invested nearly $1.6 billion in its 30,000-kilometre high-voltage transmission system and 123,000 km of primary distribution networks and injected approximately $1.3 billion into the economy by purchasing goods and services in Ontario. We are committed to the communities in which we live and work and work through community investments, sustainability and diversity initiatives. We are one of six Canadian companies that have been named the Sustainable Electricity Company of the Canadian Electricity Association. Thanks to Hydro One Telecom Inc.`s extensive fibre optic network, we also offer advanced broadband services in bulk. Hydro One Limited`s common shares are listed on the Toronto Stock Exchange (TSX: H). Statements and forward-looking informationThis press release may contain “forward-looking information” within the meaning of applicable securities legislation. Words such as “wait,” “anticipate,” “intention,” “try,” “want,” “may,” “believe,” “seek,” “appreciate,” and variations in such words and similar expressions are expected to identify this forward-looking information.
These statements are not guarantees for future benefits or measures and involve assumptions and risks and uncertainties that are difficult to predict. As a result, actual results and results may differ materially from what is expressed, implied or anticipated in such forward-looking information. Some of the factors that could lead to actual results or results being materially different from those expressed, implied or anticipated by such forward-looking information, including certain assumptions used in the development of these statements, are discussed in more detail in Hydro One`s documents with Canadian securities regulators, available on SEDAR on www.sedar.com. Hydro One intends and refuses any obligation to update any forward-looking information, unless required by law.