Hydro One responds to Auditor General's Report


Substation Relay Protection Training

Our customized live online or in‑person group training can be delivered to your staff at your location.

  • Live Online
  • 12 hours Instructor-led
  • Group Training Available
Regular Price:
$699
Coupon Price:
$599
Reserve Your Seat Today
Hydro One responded to the Auditor General of Ontario's report released highlighting findings of a Value-For-Money audit of the company.

"It is important to note that the Auditor General's value-for-money audit found that Hydro One had the appropriate policies in place to help ensure that goods and services were acquired with due regard for value for money," said Hydro One Chair Rita Burak.

Hydro One accepts the auditor's recommendations and will continue to improve its internal procedures. As the report noted, many of the issues identified in the audit had already been identified by Hydro One's internal audit staff and actions had already been taken to improve internal controls and procedures.

Following the release of the Auditor General's report today, Hydro One Chair, Rita Burak and Energy Minister Dwight Duncan met to discuss Hydro One's response to the audit findings. The Chair provided the Minister with assurances that the issues raised in the report are being dealt with promptly and appropriately. The report's findings have also been discussed both by Hydro One's Audit and Finance Committee and the full Hydro One Board of Directors.

Hydro One, with over $4 billion in revenue and $12 billion in assets, is a public debt issuer and as such, complies with Ontario Securities Commission regulations. Hydro One's business is reviewed and audited by several entities on an ongoing basis, including external auditors Ernst and Young.

"We are proud of our accomplishments and our focus on ensuring that the company receives the best value on all of our expenditures. We appreciate the feedback from the Auditor General and will take prompt and appropriate action," concluded Burak.

Related News

SaskPower to buy more electricity from Manitoba Hydro

SaskPower-Manitoba Hydro Power Sale outlines up to 215 MW of clean hydroelectric baseload for Saskatchewan,…
View more

Honda Accelerates Electric Vehicle Push with Massive Investment in Ontario

Honda Ontario EV Investment accelerates electric vehicle manufacturing in Canada, adding a battery plant, EV…
View more

BOE Says UK Energy Price Guarantee is Key for Next Rates Call

UK Market Stability Outlook remains febrile as the Bank of England, Treasury, and OBR forecasts…
View more

France and Germany arm wrestle over EU electricity reform

EU Electricity Market Reform CFDs seek stable prices via contracts for difference, balancing renewables and…
View more

Southern California Edison Faces Lawsuits Over Role in California Wildfires

SCE Wildfire Lawsuits allege utility equipment and power lines sparked deadly Los Angeles blazes; investigations,…
View more

TVA faces federal scrutiny over climate goals, electricity rates

TVA Rates and Renewable Energy Scrutiny spotlights electricity rates, distributed energy resources, solar and wind…
View more

Sign Up for Electricity Forum’s Newsletter

Stay informed with our FREE Newsletter — get the latest news, breakthrough technologies, and expert insights, delivered straight to your inbox.

Electricity Today T&D Magazine Subscribe for FREE

Stay informed with the latest T&D policies and technologies.
  • Timely insights from industry experts
  • Practical solutions T&D engineers
  • Free access to every issue

Download the 2026 Electrical Training Catalog

Explore 50+ live, expert-led electrical training courses –

  • Interactive
  • Flexible
  • CEU-cerified