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Hydro One submits proposed $37 billion five-year investment plan to Ontario Energy Board
HRNNFHydro One Ltd
Hydro One Networks Inc. submitted its 2028-2032 Joint Rate Application to the Ontario Energy Board, proposing a $37 billion capital investment program for transmission and distribution infrastructure. If approved, the plan aims to add approximately 6,000 megawatts of new capacity, modernize 1,400 kilometers of lines, replace over 85,000 poles, and deploy smart switching technology on 90 percent of major distribution lines. The filing notes that a typical residential customer's monthly bill could increase by $0.50 in 2028 and average $1.14 annually through 2032 for transmission services. Hydro One Limited operates as Ontario’s largest electricity transmission and distribution provider.