DBRS Rates Hydro One Inc.’s New Issue at A (high)

DBRS has today assigned a rating of A (high) with a Stable trend to Hydro One Inc.’s (Hydro One) proposed issuance of $235 million 3.79% medium-term notes (the Notes), maturing July 31, 2062. The Notes are expected to settle on August 16, 2012. This is a re-opening of Hydro One’s 3.79% medium-term notes offering that closed on July 31, 2012.

The Notes will rank pari passu with all of Hydro One’s other unsubordinated and unsecured indebtedness and will be issued pursuant to its Short-Form Base Shelf Prospectus dated August 23, 2011.

Proceeds from the issue will be used for general corporate purposes.

Notes:
All figures are in Canadian dollars unless otherwise noted.

The applicable methodology is Rating Companies in the North American Energy Utilities (Electric and Natural Gas) Industry (May 2011), which can be found on the DBRS website under Methodologies.