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hydro One Hydro One Reports Second Quarter Results The customer focused 2023-2027 investment plan supports economic growth and builds a smarter , more sustainable and resilient grid for the future TORONTO , August 10 , 2021 - Hydro One Limited ( Hydro One or the Company ) today announced its financial and operating results for the second quarter ended June 30 , 2021 . Second Quarter Highlights • • • • Second quarter earnings per share ( EPS ) and adjusted EPS was $ 0.40 , compared to EPS of $ 1.84 and adjusted EPS of $ 0.39 , for the same period in 2020. The decrease in EPS was due to the impacts of the Ontario Divisional Court's decision on the deferred tax asset appeal recorded in the second quarter in 2020. The increase in adjusted EPS as compared to the same quarter last year was due mainly to approved rates for the transmission and distribution segments , higher demand , and lower COVID - 19 related expenses . This was partially offset by one - time revenues for the transmission segment in the second quarter in 2020 , higher operation , maintenance and administration costs ( OM & A ) , and higher depreciation , amortization and asset removal costs . Subsequent to the quarter , on August 5 , 2021 , Hydro One Networks Inc. filed with the Ontario Energy Board ( OEB ) its Joint Rate Application ( JRAP ) which included its 2023-2027 transmission and distribution investment plan . Hydro One released its sustainability targets along with its annual sustainability report that demonstrates continued progress in setting and meeting its sustainability goals . The Company announced that members of the Society of United Professionals ratified the renewal of the collective agreement . Hydro One received multiple awards including its 11th Emergency Response Award from the Edison Electric Institute for its restoration efforts , Environmental Excellence award from the Electricity Distributors Association for its Pollinator Program , and was recognized again by Corporate Knights as a Best 50 Corporate Citizen in Canada . The Company's capital investments and in - service additions for the quarter were $ 553 million and $ 300 million , respectively , compared to $ 429 million and $ 165 million in 2020 . Quarterly dividend declared at $ 0.2663 per share , payable September 30 , 2021 . " The 2023-2027 transmission and distribution investment plan will allow Hydro One to energize life in Ontario , by meeting the needs of our customers and communities , while supporting our employees , " said Mark Poweska , President and CEO of Hydro One . “ Hydro One is proud of building a better and brighter future for all Ontarians . Our sustainability report clearly outlines our goals and the progress we are making in standing up for people , the planet and communities across Ontario . " 1