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To: Goose94 who wrote (47610)	9/17/2018 7:43:04 PM
From: Goose94	Respond to of 202367

Hydro One Receipts (H.IR-T) top pick from Jason Mann on BNN.ca Market Call Monday Sept 17th @ 1200ET This one is a little unusual. Let’s start with Hydro itself, which has had quite a ride since going public, doing some large M&A purchases and then having the entire management team essentially fired by the Doug Ford’s government. It’s probably not a surprise the stock has suffered and that it’s become cheap enough that it’s interesting to us now. They have a high-quality regulated business, strong growth profile, solid balance sheet and a reasonable payout ratio supporting their 4.6 per cent yield. Hydro One trades at 11 times EBITDA and 15 times price-to-earnings, both reasonable relative to its utility peers. We don’t mind Hydro on a stand-alone basis, but there is another way to own it that is much more attractive. Hydro issued “installment receipts” as a way to fund their pending purchase of Avista in the U.S. With the receipts trading at $28, they have a few interesting outcomes: If the Avista deal closes, you’ll end up owning shares in Hydro, which we like at these levels. If the deal breaks, you’ll get $33.33 back, or a 20 per cent return from here. In addition, you get a 16 per cent yield on the receipts while you wait for one of these outcomes, so the total return is higher. The deal could break as soon as the end of the month, but more likely next April which is when the receipts expire assuming no deal gets done. We think there’s quite a good chance that it does break, since the various approvals are going to be tough to get after the turmoil at the top for Hydro. Given that it’s no longer accretive to Hydro at these prices, they may well be better paying a break fee and moving on. One thing to note: The receipt trades as a 3-to-1 levered version of Hydro shares, so consider this if you buy it. It will be three times more volatile (up and down) than the shares of Hydro.

To: Goose94 who wrote (47610)	11/25/2018 11:25:59 AM
From: Goose94	Read Replies (1) \| Respond to of 202367

Hydro One (H-T) Fight Forest Fires 20 highly skilled employees to support power grid recovery to California Nov 25, '18 - NR Hydro One announced today that it is mobilizing approximately 20 highly specialized forestry technicians to help inspect the electrical system and assist crews following the devastating effects of FOREST FIRES in California. The fires caused widespread damage, and as a result every kilometre of line must be inspected before local communities can access power safely. In order to prevent further fires from occurring in the region, Hydro One's highly trained forestry technicians will travel on November 26 to begin inspecting equipment and identifying possible vegetation hazards along transmission lines. "Our thoughts and prayers are with those affected by this devastating fire," said Greg Kiraly, Chief Operating Officer, Hydro One. "Our highly skilled forestry technicians are uniquely qualified to help inspect the system during this time of crisis. One of Hydro One's values is being empowered to act, that's why it is so important that we share our resources and staff expertize with our neighbours down south during this time of need." Hydro One's hardworking and dedicated forestry department employees will help Pacific Gas and Electric Company with their restoration efforts near Chico, California. The crews will support the inspection of 8,000 km of transmission lines and examine further risks associated with vegetation along the lines. As part of the North Atlantic Mutual Assistance Group, Hydro One has reciprocal agreements in place with North American utilities to provide assistance during significant power outages. In these mutual assistance situations, all costs are covered by the utility receiving help. Hydro One has been recognized by the Edison Electric Institute for both its storm response and its mutual assistance efforts. This year, the company received an Emergency Recovery Award for its response following a major ice storm in April and Emergency Assistance Awards for its storm recovery efforts following the devastating nor'easter storms Riley and Quinn that hit the northeast U.S. in March. About Hydro One Inc.: Hydro One Inc. is a fully owned subsidiary of Hydro One Limited, Ontario's largest electricity transmission and distribution provider with more than 1.3 million valued customers, $25 billion in assets and 2017 annual revenues of nearly $6 billion. Our team of over 7,400 skilled and dedicated regular and non-regular employees proudly and safely serves suburban, rural and remote communities across Ontario through our 30,000 circuit km of high-voltage transmission and 123,000 circuit km of primary distribution networks. We are one of only six utility companies in Canada to achieve the Sustainable Electricity Company designation from the Canadian Electricity Association. We also provide advanced broadband telecommunications services on a wholesale basis utilizing our extensive fibre optic network. Hydro One Limited's common shares are listed on the Toronto Stock Exchange (TSX: H).