Linda Ezergailis • TD Cowen

Question 1

Linda Ezergailis's questions to Hydro One Ltd (HRNNF) leadership • Q1 2024

May 14, 2024

Question

Linda Ezergailis of TD Cowen questioned the geographic focus of the refreshed strategy, the potential for owning non-electric infrastructure, and the company's talent pipeline and potential gaps at all organizational levels.

Answer

President and CEO David Lebeter affirmed that the primary focus remains on Ontario due to significant internal growth opportunities, and the company is not looking to acquire non-electric assets like gas or water. Regarding talent, he expressed confidence in the current workforce, noting a younger average age and strong internal development, stating he sees no current weaknesses in the company's bench strength.

Ask Fintool Equity Research AI

Question 2

Linda Ezergailis's questions to Fortis Inc (FTS) leadership • Q1 2024

May 1, 2024

Question

Linda Ezergailis from TD Cowen questioned how Fortis is managing its Alberta capital program and mitigating uncertainty amid the PBR3 appeal, and also asked about inflationary pressures on the capital program.

Answer

President & CEO David Hutchens acknowledged the PBR3 decision was disappointing but viewed the leave to appeal as positive. He stated that necessary reliability investments will proceed, even with potential for temporary regulatory lag. Executive Janine Sullivan added that the 2024 capital plan will be executed by managing costs and using specific Type 1 capital applications while the appeal is ongoing.