v3.25.4
CONSOLIDATED BALANCE SHEETS - CAD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 549 $ 716
Accounts receivable (Note 7) 1,083 911
Due from related parties 409 325
Other current assets (Note 8) 133 165
Total current assets 2,174 2,117
Property, plant and equipment (Note 9) 31,450 29,093
Other long-term assets:    
Regulatory assets (Note 11) 3,857 3,503
Deferred income tax assets (Note 6) 135 127
Intangible assets (Note 10) 654 661
Goodwill 378 373
Other assets (Note 12) 1,023 808
Total other long-term assets 6,047 5,472
Total assets 39,671 36,682
Current liabilities:    
Short-term notes payable (Notes 15 & 17) 100 200
Long-term debt payable within one year (Notes 15, 16 & 17) 925 1,150
Total current liabilities 3,590 3,501
Long-term liabilities:    
Long-term debt (Notes 15, 16 & 17) 18,092 16,329
Regulatory liabilities (Note 11) 1,621 1,476
Deferred income tax liabilities (Note 6) 1,799 1,452
Other long-term liabilities (Note 14) 1,823 1,751
Total long-term liabilities 23,335 21,008
Total liabilities 26,925 24,509
Contingencies and Commitments (Notes 29 & 30)
Subsequent Events (Note 32)
Noncontrolling interest subject to redemption (Note 26) 19 19
Equity    
Common shares 5,721 5,713
Additional paid-in capital 25 28
Retained earnings 6,911 6,360
Accumulated other comprehensive loss (9) (12)
Hydro One shareholders’ equity 12,648 12,089
Noncontrolling interest (Note 26) 79 65
Total equity 12,727 12,154
Total liabilities, preferred shares, noncontrolling interest subject to redemption and equity 39,671 36,682
Nonrelated Party    
Current liabilities:    
Accounts payable and other current liabilities (Note 13) 2,086 1,809
Related Party    
Current liabilities:    
Accounts payable and other current liabilities (Note 13) $ 479 $ 342