Hydro One Appoints Susan Wolburgh Jenah as Interim Chair, Ensuring Governance Stability

Leadership Transition at Hydro One Signals Commitment to Governance

Hydro One Limited, Ontario's largest electricity transmission and distribution provider, appoints Susan Wolburgh Jenah as Interim Chair of the Board of Directors following the leave of current Chair Timothy Hodgson, who is engaged in a political campaign for the Liberal Party of Canada. Wolburgh Jenah, who has been a board member since January 2020 and serves as Chair of the Governance and Regulatory Committee, brings a wealth of experience with over 40 years in various leadership roles. Her previous positions include founding President and CEO of the Investment Industry Regulatory Organization of Canada (IIROC) and executive roles at the Ontario Securities Commission. This leadership change underscores Hydro One's dedication to strong governance during a critical electoral period.

As Interim Chair, Wolburgh Jenah is poised to guide Hydro One through its strategic initiatives while maintaining regulatory compliance and operational excellence. Given her extensive background in regulatory frameworks and corporate governance, she is well-equipped to navigate the complexities of the energy sector, especially amid evolving regulations and economic pressures. Her role becomes particularly significant as Hydro One continues to address the energy needs of its 1.5 million customers, ensuring reliable service while pursuing sustainable practices.

Hydro One's commitment to community and economic development is evident through its substantial investments. In 2024, the company allocated approximately $3.1 billion to enhance its network infrastructure and contributed around $2.9 billion towards local goods and services. These investments not only bolster the company’s operational capacity but also reinforce its role as a vital player in Ontario’s economy. Under Wolburgh Jenah's leadership, Hydro One is expected to sustain its focus on enhancing customer service, advancing renewable energy initiatives, and fostering community relationships.

In addition to her corporate responsibilities, Wolburgh Jenah serves as an adjunct professor at Osgoode Hall Law School, blending her practical experience with academic insights. Her appointment reflects Hydro One's strategic approach to leadership continuity during a politically charged environment, ensuring that governance remains stable and effective.

With around 10,100 employees and annual revenues of approximately $8.5 billion, Hydro One's strategic direction during this transitional phase will be critical in maintaining its position as a leader in the electrical transmission and distribution sector. The company’s focus on governance, community investment, and operational resilience will be paramount as it navigates future challenges and opportunities.