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## TABLE OF CONTENTS 

02  Letter from the Chair 04 Letter from the President and CEO 06 Safety 08 Reliability 10 Innovation & Pr oductivity 12 Community 14 Hydro One Senior Management 15 Management’ Discussion and Analysis 48 Management’s Report 49 Independent Auditors’ Report 50 Consolidated S tatements of Operations and Comprehensive Income 51 Consolidated Balance Sheets 53 Consolidated S tatements of Changes in Shareholder’s Equity 54 Consolidated Statements of Cash Flows 55 Notes to Consolidated Financial Statements 95 Board of Directors 

## CONSOLIDATED FINANCIAL HIGHLIGHTS AND STA TISTICS 

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1  System-related statistics are preliminary. 

