Hydro One and PWU Reach Tentative Agreement for New Collective Bargaining Agreement.

Hydro One Limited and the Power Workers' Union (PWU) have ratified a new collective agreement. The agreement, effective from October 1, 2025, to March 31, 2028, combines the main and customer service organization agreements, covering front-line and customer-facing roles.

Hydro One Limited and the Power Workers' Union (PWU) have reached a significant milestone in labor negotiations, with PWU members ratifying a new collective agreement. The agreement, effective from October 1, 2025, to March 31, 2028, consolidates the main and Customer Service Organization agreements into one comprehensive document. This unified agreement covers front-line and customer-facing roles, aiming to provide stability and clarity for employees and the company.

David Lebeter, President and Chief Executive Officer of Hydro One, expressed gratitude for the collaborative effort, stating, "Thank you to the Power Workers' Union leadership and both bargaining teams for their efforts to reach a balanced and fair outcome. I am confident that under this unified agreement, our employees represented by the Power Workers' Union will continue to work safely to deliver value and support growth in Ontario for years to come" [1].

Jeff Parnell, PWU President, echoed the sentiment, noting the positive relations between the parties and the early achievement of the agreement. "The Power Workers' Union are pleased with the stability that comes from successfully negotiating a unified collective agreement that meets the needs of our members and the public. Achieving the agreement early, before the end of the previous collective agreement, is testament to the positive relations between the parties and will ensure the PWU will continue to be the people who help keep the lights on in Ontario" [1].

Hydro One Limited, Ontario's largest electricity transmission and distribution provider, has 1.5 million valued customers, $36.7 billion in assets, and annual revenues of $8.5 billion as of December 31, 2024. The company's 10,100 employees are committed to maintaining a safe and reliable electricity system, investing $3.1 billion in its networks and supporting the economy through purchasing $2.9 billion in goods and services in 2024 [1].

The new agreement is a testament to the collaborative spirit between Hydro One and the PWU, ensuring that the company's employees will continue to play a crucial role in Ontario's energy infrastructure. This development is likely to be well-received by investors, who value the stability and predictability that a unified collective agreement provides.

References:
[1] https://hydroone.mediaroom.com/2025-06-02-Members-of-the-Power-Workers-Union-ratify-collective-agreement
[2] https://finance.yahoo.com/news/members-power-workers-union-ratify-210100664.html
[3] https://finance.yahoo.com/news/members-power-workers-union-ratify-210100700.html