Hydro One: brands it owns and its ownership tree
Hydro One is a privately held company headquartered in Toronto, Canada that owns 2 consumer brands.[1][2]
Hydro One Inc. is the Ontario electricity transmission and distribution utility, which its 2025 annual information form describes as a wholly owned subsidiary of Hydro One Limited. The AIF says the Province of Ontario is Hydro One Limited's principal shareholder and that Hydro One Limited owns all the issued shares of Hydro One Inc.; it gives about $40 billion of assets and about 1.5 million customers.
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Company facts
- Legal name
- Hydro One Inc. (also Hydro One Limited)
- Type
- privately held company · see all privately held company owners
- Headquarters
- 🇨🇦 Toronto, Canada
- Revenue
- C$8.99 billion (2025)[2]
- SEC CIK
- 0001114445
- Last verified
- · 2 sources
Hydro One in numbers
- Hydro One owns 2 consumer brands tracked here across 1 top-level categories; the largest is energy with 2 brands.[1]
Hydro One financial history
Headline figures from Hydro One's annual reports filed with the US Securities and Exchange Commission, in CAD as reported, fiscal years ending 2020–2025. Revenue moved from C$7.25bn to C$8.99bn, an average of 4.4% a year (calculated).
| Fiscal year ended | Revenue | Operating income | Operating margin | Net income | Total assets | Long-term debt | Filing |
|---|---|---|---|---|---|---|---|
| C$8.99bn | C$2.25bn | 25.0% | — | C$39.6bn | C$17.7bn | 40-F | |
| C$8.45bn | C$1.99bn | 23.5% | — | C$36.6bn | C$15.9bn | 40-F | |
| C$7.8bn | C$1.84bn | 23.7% | — | C$32.7bn | C$14.3bn | 40-F | |
| C$7.74bn | C$1.83bn | 23.7% | — | C$31.3bn | C$12.6bn | 40-F | |
| C$7.18bn | C$1.61bn | 22.4% | C$980m | C$30.2bn | C$12.6bn | 40-F | |
| C$7.25bn | C$1.49bn | 20.5% | C$1.8bn | C$30.1bn | C$12.3bn | 40-F |
Source: SEC XBRL company facts. A dash means the company did not report that line in a form we could read. Figures for a year can be restated in a later filing; the latest filing's number is shown.
Everything Hydro One owns
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Full-screen interactive tree →
Brand portfolio by category
Recent changes to this record
Hydro One SEC filings
The documents behind the figures on this page, as listed in the SEC's EDGAR index. Each links to the filing itself.
Annual reports
- Annual report (Canadian issuer), filed (40-F)
- Annual report (Canadian issuer), filed (40-F)
- Annual report (Canadian issuer), filed (40-F)
- Annual report (Canadian issuer), filed (40-F)
- Annual report (Canadian issuer), filed (40-F)
- Annual report (Canadian issuer), filed (40-F)
Recent current and quarterly reports
| Filed | Form | What it declares |
|---|---|---|
| 6-K | Report of a foreign private issuer | |
| 6-K | Report of a foreign private issuer | |
| 6-K | Report of a foreign private issuer | |
| 6-K | Report of a foreign private issuer | |
| 6-K | Report of a foreign private issuer | |
| 6-K | Report of a foreign private issuer | |
| 6-K | Report of a foreign private issuer | |
| 6-K | Report of a foreign private issuer |
Frequently asked questions
What brands does Hydro One own?
Hydro One owns 2 consumer brands tracked here, including Hydro One Networks and Hydro One Remote Communities.
Is Hydro One a Canadian company?
Yes. Hydro One is headquartered in Toronto, Canada.
Who owns Hydro One?
Hydro One is privately held. Hydro One Inc. is the Ontario electricity transmission and distribution utility, which its 2025 annual information form describes as a wholly owned subsidiary of Hydro One Limited.
Sources (2) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Hydro One Inc. Annual Report on Form 40-F filed 2026-02-13 — SEC EDGAR, SEC filing, published 13 February 2026; retrieved 5 October 2026.
- [2] Hydro One Inc.: Form 40-F for the year ended 2025-12-31 (revenue) — SEC EDGAR, SEC filing, published 13 February 2026; retrieved 5 October 2026.
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