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  5. H: If the northern states can get electricity from other US resources, how might that affect the stock price of Hydro One going forward? [Hydro One Limited]
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Q: If the northern states can get electricity from other US resources, how might that affect the stock price of Hydro One going forward?
Asked by nick on March 12, 2025
5i Research Answer:

We do not think tariffs will have an impact. The stock did not react materially to any of the Ford announcements. If the other states find an alternative source immediately, the stock would likely take a hit of 5% to 10%. But there are few alternatives that could be turned on quickly, and the stock would have some time to adjust and H could look at other customer needs. There may be more info tomorrow after the Premier meets with US counterparts.