Hydro One (HRNNF) installs new CEO Megan Telford and posts strong 2026 AGM votes
Rhea-AI Filing Summary
Hydro One Limited filed a Form 6-K highlighting leadership and governance developments. The company appointed Megan Telford as President, CEO and a Director, following the retirement of David Lebeter, both effective June 9, 2026. Shareholders elected 10 directors, with support above 97% for all nominees and up to 99.97% for some candidates.
Turnout was strong, with 505,469,897 shares representing 84.23% of outstanding common shares voted at the annual meeting. Shareholders also reappointed KPMG LLP as external auditors and approved the advisory resolution on executive compensation. The filing reiterates Hydro One’s 2025 scale, including $9 billion in annual revenues and $39.7 billion in assets as of December 31, 2025.
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Insights
Hydro One combines a CEO transition with very strong shareholder support.
The filing centers on the appointment of Megan Telford as President, CEO and Director, succeeding retiring CEO David Lebeter. This is a planned leadership transition, disclosed alongside annual meeting results that show broad investor backing for the refreshed board.
All 10 director nominees received at least 97% support, and the advisory vote on executive compensation passed with 98.31% votes for. Auditor reappointment also saw approval above 98%. These outcomes indicate alignment between management, the board and shareholders, while the long-term impact of the new CEO will depend on future strategic and financial disclosures.
Key Figures
Key Terms
forward-looking information regulatory
management information circular regulatory
advisory resolution governance
National Instrument 51-102 regulatory
external auditors financial
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934
For the month of: June 2026
Commission File Number: 333-225519-01
HYDRO ONE LIMITED
(Translation of Registrant’s name into English)
483 Bay Street, South Tower, 8th Floor, Toronto Ontario M5G 2P5 Canada
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☐ Form 40-F ☒
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| HYDRO ONE LIMITED
/s/ Cassidy McFarlane |
| Name: Cassidy McFarlane |
| Title: General Counsel |
| Date: June 9, 2026 |
EXHIBIT INDEX
| 99.1 Press Release dated June 9, 2026
99.2 Report of Voting Results dated June 9, 2026 |
Exhibit 99.1
Hydro One Limited welcomes new President and CEO and announces election of Directors
TORONTO, June 9, 2026 – Hydro One Limited (TSX: H) (Hydro One) welcomes Megan Telford as the company’s President and CEO and newest member of its Board of Directors. Ms. Telford steps into the role following the retirement of David Lebeter, also effective today. Ms. Telford was one of the 10 nominees listed in the company’s management information circular dated April 27, 2026, and elected as a Director at its Annual Meeting of Shareholders today.
“On behalf of the Board, I am pleased to welcome Megan Telford as she steps into the role of President and CEO today. We are excited to work alongside Megan as she leads Hydro One into its next chapter,” said Melissa Sonberg, Chair of the Board, Hydro One. “We are also pleased to welcome Perrin Beatty as an incoming Director and look forward to benefiting from his experience and leadership. I would like to thank Helga Reidel and Mitch Panciuk for their years of dedicated service and valuable contributions to the organization. We wish them both continued success and all the best in their future endeavours.”
A total of 505,469,897 shares, representing 84.23 per cent of Hydro One’s issued and outstanding common shares, were voted in connection with the meeting.
Detailed voting results for the election of Directors are below:
| Director |
Votes For (Percent) | Votes Withheld (Percent) | ||
| Perrin Beatty |
99.84 | 0.16 | ||
| David Hay |
99.67 | 0.33 | ||
| Debbie Hutton |
99.84 | 0.16 | ||
| Stacey Mowbray |
99.94 | 0.06 | ||
| Mark Podlasly |
99.97 | 0.03 | ||
| Michael Rencheck |
99.80 | 0.20 | ||
| Melissa Sonberg |
97.22 | 2.78 | ||
| Megan Telford |
99.97 | 0.03 | ||
| Brian Vaasjo |
98.21 | 1.79 | ||
| Susan Wolburgh Jenah |
98.74 | 1.26 |
All other matters voted on at the meeting were approved. Final voting results will be available on Hydro One’s website and filed with Canadian and U.S. securities regulators.
Hydro One Limited (TSX: H)
Hydro One Limited, through its wholly-owned subsidiaries, is Ontario’s largest electricity transmission and distribution provider with 1.5 million valued customers, $39.7 billion in assets as at December 31, 2025, and annual revenues in 2025 of $9 billion. Our team of 9,600 skilled and dedicated employees proudly build and maintain a safe and reliable electricity system which is essential to supporting strong and successful communities. In 2025, Hydro One invested $3.4 billion in its transmission and distribution networks, and supported the economy through buying $3.0 billion of goods and services.
We are committed to the communities where we live and work through community investment, sustainability and diversity initiatives. 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.sedarplus.com or www.sec.gov.
For More Information
For more information about everything Hydro One, please visit www.hydroone.com where you can find additional information including links to securities filings, historical financial reports, and information about the Company’s governance practices, corporate social responsibility, customer solutions, and further information about its business.
Forward-looking statements and information:
This press release may contain “forward-looking information” within the meaning of applicable Canadian securities laws and “forward-looking statements” within the meaning of applicable U.S. securities laws (collectively, “forward-looking information”). Statements containing forward-looking information are made pursuant to the “safe harbour” provisions of applicable Canadian and U.S. securities laws. Words such as “expect”, “anticipate”, “intend”, “attempt”, “may”, “plan”, “will”, “can”, “believe”, “seek”, “estimate”, and variations of such words and similar expressions are intended to identify such forward-looking information. These statements are not guarantees of future performance or actions and involve assumptions and risks and uncertainties that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed, implied or forecasted in such forward-looking information. Some of the factors that could cause actual results or outcomes to differ materially from the results expressed, implied or forecasted by such forward-looking information, including some of the assumptions used in making such statements, are discussed more fully in Hydro One’s filings with the securities regulatory authorities in Canada, which are available on SEDAR+ at www.sedarplus.com. Hydro One does not intend, and it disclaims any obligation, to update any forward-looking information, except as required by law.
For further information, please contact:
Investors: Investor.Relations@HydroOne.com, 416-345-5943
Media: Media.Relations@HydroOne.com, 1-877-506-7584 (toll free in Ontario) or 416-345-6868
Exhibit 99.2
Hydro One Limited
ANNUAL MEETING OF SHAREHOLDERS
June 9, 2026
REPORT OF VOTING RESULTS
Prepared in accordance with Section 11.3 of
National Instrument 51-102 Continuous Disclosure Obligations
The following matters were voted on at the annual meeting of shareholders (the “Meeting”) of Hydro One Limited (the “Company”) held virtually via live audio webcast online on June 9, 2026. Each of the matters set out below is described in greater detail in the management information circular of the Company prepared in connection with the Meeting, which can be found at https://www.hydroone.com/abouthydroone/CorporateInformation/Documents/AGM-2026-MIC.pdf.
| 1. | Election of Directors |
Each of the 10 director nominees proposed for election was elected as a director of the Company to serve until the next annual meeting of shareholders or until their respective successors are elected or appointed.
| Director |
Votes For | Votes Withheld | ||||||
| # | % | # | % | |||||
| Perrin Beatty |
504,543,132 | 99.84 | 812,111 | 0.16 | ||||
| David Hay |
503,711,300 | 99.67 | 1,643,943 | 0.33 | ||||
| Debbie Hutton |
504,549,717 | 99.84 | 805,526 | 0.16 | ||||
| Stacey Mowbray |
505,056,147 | 99.94 | 299,096 | 0.06 | ||||
| Mark Podlasly |
505,191,366 | 99.97 | 163,877 | 0.03 | ||||
| Michael Rencheck |
504,354,626 | 99.80 | 1,000,617 | 0.20 | ||||
| Melissa Sonberg |
491,320,594 | 97.22 | 14,034,649 | 2.78 | ||||
| Brian Vaasjo |
496,286,402 | 98.21 | 9,068,841 | 1.79 | ||||
| Susan Wolburgh Jenah |
498,985,619 | 98.74 | 6,369,624 | 1.26 | ||||
| Megan Telford |
505,194,052 | 99.97 | 161,191 | 0.03 | ||||
| 2. | Appointment of External Auditors |
KPMG LLP was appointed as the Company’s external auditors for the ensuing year and the directors were authorized to fix their remuneration.
| Votes For |
Votes Withheld | |||||
| # |
% | # | % | |||
| 497,324,073 |
98.39 | 8,145,824 | 1.61 | |||
| 3. | Advisory Resolution on Approach to Executive Compensation |
The advisory resolution on the Company’s approach to executive compensation was approved.
| Votes For |
Votes Against | |||||
| # |
% | # | % | |||
| 496,791,747 |
98.31 | 8,563,496 | 1.69 | |||
DATED this 9th day of June, 2026.
| HYDRO ONE LIMITED | ||
| “Cassidy McFarlane” | ||
| Name: | Cassidy McFarlane | |
| Title: | General Counsel | |
[Report of Voting Results (2026 AGM) – Hydro One Limited]