Industry: Power Transmission and Distribution

TOP 3 Markets:

1. Ontario, Canada: approx. 95%
2. Rest of Canada: approx. 3%
3. International Markets: approx. 2%

Hydro One Limited is mainly active in the field of power transmission and distribution, generating the majority of its revenues from the domestic market of Ontario. The company is the largest electricity provider in Ontario, serving both residential and commercial customers. The vast majority of revenues come from regulated tariffs for power transmission and distribution within the province.

The remaining revenues come from other Canadian provinces and international markets, although these represent a very small share compared to Ontario. Hydro One focuses heavily on maintaining and expanding infrastructure in Ontario, which explains the dominance of this market.

Production Sites: Ontario, Canada

Hydro One Limited is a Canadian company that is mainly active in the field of electricity transmission and distribution. The company does not produce physical products in the traditional sense, but operates and maintains an extensive network of transmission and distribution lines.

The headquarters and operational activities of Hydro One are located in the province of Ontario, Canada. There, the company operates most of its facilities and infrastructure projects.

Revenue Growth: Estimated 4-6% annually (2025-2027)

Hydro One Limited is pursuing a strategy focused on sustainable growth and infrastructure modernization. The company plans to make significant investments in improving and expanding its power grid to enhance reliability and efficiency.

Another key focus is on integrating renewable energies and supporting the energy transition. Hydro One is working to expand its capacity to accommodate renewable energy sources while ensuring grid stability.

Additionally, the company is leveraging digital transformation and technological innovations to reduce operating costs and increase customer satisfaction. By utilizing Smart Grid technologies and advanced data analytics, Hydro One aims to enhance its service quality and unlock new business opportunities.

Commodities/Materials: Copper, Aluminum, Steel

Countries of origin: Canada, USA, China

Hydro One Limited, as a leading electricity supply company in Canada, mainly imports commodities such as copper, aluminum, and steel needed for the construction and maintenance of power lines and infrastructure.

Copper and aluminum are often sourced from Canada itself and the USA to ensure supply security and cost efficiency. Steel is partially imported from China due to competitive prices and high production capacities.

These materials are crucial for maintaining and expanding the electrical infrastructure, especially in a market that is increasingly focusing on renewable energies and grid modernization.

Market Share: Approximately 96% in Ontario (2023)

Network Size: Over 30,000 km of transmission lines (2023)

Hydro One Limited possesses a significant competitive advantage, especially due to its dominant market position in Ontario, where it covers almost the entire transmission market. This monopolistic position enables the company to generate stable revenues and protect itself against potential competitors.

The extensive network of transmission lines and continuous investments in infrastructure also enhance the company's efficiency and reliability. This is a crucial factor in a market with high entry barriers.

Additionally, Hydro One benefits from regulatory conditions that allow the company to control its prices within a certain range and thus achieve a predictable return. Together, these factors give Hydro One a strong and sustainable competitive edge.

Institutional Investor Share: approximately 50% (estimated, based on historical data from 2023)

Insider Purchases/Sales: No significant transactions in recent months (estimated, based on typical reports)

Hydro One Limited traditionally has a high institutional investor share due to being an established utility company that generates stable earnings. This attracts pension funds and other institutional investors who value long-term stability.

Insider transactions at Hydro One are typically low, indicating stable management and a long-term strategy. There are no reports of significant insider purchases or sales, suggesting management's confidence in the current company strategy.

Market share of Hydro One Limited: Estimate 25% (2025)

Main competitors and their market shares:

1. Hydro-Québec: Estimate 30% (2025)
2. BC Hydro: Estimate 20% (2025)
3. Ontario Power Generation: Estimate 15% (2025)
4. Emera Inc.: Estimate 5% (2025)
5. Fortis Inc.: Estimate 5% (2025)

Hydro One Limited is one of the leading providers in the Canadian energy market, especially in the field of electricity transmission and distribution in Ontario. The market share of Hydro One is supported by its strong regional presence and the regulatory framework that plays a significant role in Ontario.

Hydro One's "moat" mainly lies in its quasi-monopoly position in Ontario, where it operates as the primary operator for transmission and distribution networks. This position is strengthened by long-term regulatory agreements and investments in infrastructure.

Compared to its competitors, Hydro-Québec has a comparable or stronger moat due to its dominant role in Québec and its ability to export electricity at competitive prices. BC Hydro also benefits from a strong market position in British Columbia.

Overall, Hydro One has a significant advantage in its main market, but competitors are also strongly positioned in their respective regions. Hydro One's competitive advantage lies in its regional monopoly position and stable regulatory environment, while other companies like Hydro-Québec score points with their export capacities and diversified revenue sources.

Revenue Growth: 3.8% (2024) Net Income: 1.1 billion CAD (2024) Dividend Yield: 3.5% (2024)

Hydro One Limited is a leading company in the field of electricity transmission and distribution in Ontario, Canada. The company benefits from a stable and regulated business model that generates continuous revenue. In 2024, Hydro One recorded a revenue growth of 3.8%, attributed to the continuous demand for electricity and investments in infrastructure.

The net income of 1.1 billion CAD in 2024 demonstrates solid financial performance achieved through efficient operations and cost savings. The dividend yield of 3.5% is attractive to investors seeking stable returns, especially in a low-interest environment.

In summary, Hydro One Limited, due to its stable business model, solid financial performance, and attractive dividend yield, represents a potentially good investment for long-term oriented investors. However, investors should also consider regulatory risks and the company's dependence on the economic development in Ontario.

Dividend Yield: 3.5% (2025)
Dividend History: Continuous payout since 2015

Hydro One Limited pays a dividend that currently offers a yield of about 3.5%. The company has been continuously distributing dividends since its founding in 2015, indicating a reliable payout policy.

The reliability of the dividend is supported by the stable financial performance and the monopolistic market position of Hydro One. As the company operates in the energy supply industry, which is generally less sensitive to economic cycles, it can maintain its dividend policy even in economically challenging times.