v3.25.4
LEASES (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Summary of Other Information Related to Operating Leases Renewal options are included in the lease term when their exercise is reasonably certain. The Company also has a few finance lease arrangements, all of which were fully prepaid at commencement and are immaterial to the consolidated financial statements. Other information related to the Company's operating leases was as follows:
Year ended December 31 (millions of dollars)
20252024
Lease expense1717
Lease payments made1716
As at December 3120252024
Weighted-average remaining lease term1 (years)
34
Weighted-average discount rate 2.8 %2.9 %
1 Includes renewal options that are reasonably certain to be exercised.
Summary of Future Minimum Operating Lease Payments After Adoption
As at December 31, 2025, future minimum operating lease payments were as follows:
 (millions of dollars)
202616 
202714 
202810 
20293 
20301 
Thereafter1 
Total undiscounted minimum lease payments45 
Less: discounting minimum lease payments to present value (2)
Total discounted minimum lease payments43 
As at December 31, 2024, future minimum operating lease payments were as follows:
(millions of dollars)
202517 
202615 
202713 
202810 
20292 
Thereafter2 
Total undiscounted minimum lease payments59 
Less: discounting minimum lease payments to present value(4)
Total discounted minimum lease payments55 
Summary of Supplementary Balance Sheet Information
Hydro One presents its ROU assets and lease obligations on the consolidated balance sheets as follows:
As at December 31 (millions of dollars)
20252024
Other long-term assets (Note 12)
47 55 
Accounts payable and other current liabilities (Note 13)
14 14 
Other long-term liabilities (Note 14)
29 41