Toronto Hydro Corporation - Annual General Meeting and 2020 Audited Financial Statements

receiving the "Toronto Hydro Corporation 2020 Annual Report," "Toronto Hydro Corporation 2020 Annual Financial Report and Audited Consolidated Financial Statements," "Toronto Hydro Corporation Annual Information Form 2020," "Toronto Hydro Corporation Chief Executive Officer and Chief Financial Officer Certifications of Annual Filings 2020," "Toronto Hydro Corporation First Quarter Financial Report 2021," and the "Toronto Hydro Corporation Statement of Board Remuneration and Expenses 2020," forming Attachments 2a, 2b, 3, 5, 10 and 11 respectively to the report (June 21, 2021) from the City Manager and the Chief Financial Officer and Treasurer; c. receiving the "Toronto Hydro Corporation Environmental Performance Report 2020," "2020 Toronto Hydro Environmental, Social Responsibility and Governance Report," and "2020 Toronto Hydro Environmental, Social Responsibility and Governance Metrics," forming Attachments 4a, 4b and 4c respectively to the report (June 21, 2021) from the City Manager and the Chief Financial Officer and Treasurer; d. receiving the "Toronto Hydro Corporation Shareholder Report 2020, including Non-Consolidated Financial Statements 2020 and 2019," "Toronto Hydro-Electric System Limited Financial Statements 2020 and 2019," and "Toronto Hydro Energy Services Inc. Financial Statements 2020 and 2019," forming Confidential Attachments 7, 8 and 9 respectively to the report (June 21, 2021) from the City Manager and the Chief Financial Officer and Treasurer; and e. receiving the two-part report "Toronto Hydro Corporation Executive Compensation Disclosure 2020" forming Attachment 6a and Confidential Attachment 6b to the report (June 21, 2021) from the City Manager and the Chief Financial Officer and Treasurer. 2. City Council direct the City Manager to complete an independent external review of executive compensation policies and practices at the City of Toronto's Agencies and Corporations, including Toronto Hydro Corporation, as requested by City Council, and to report back by the fourth quarter of 2021. 3. City Council request the City Manager to include in the 2021 review of executive compensation for the City's Agencies and Corporations appropriate updates to the City's policy framework adopted by City Council in 2014, in accordance with current leading industry practice. 4. City Council direct the City Clerk to forward a copy of the "Toronto Hydro Corporation Consolidated Financial Statements December 31, 2020 and 2019," included as part of Attachment 2b to the report (June 21, 2021) from the City Manager and the Chief Financial Officer and Treasurer, to the Audit Committee for information. 5. City Council receive the "Financial Impact of COVID-19 on Toronto Hydro Corporation's 2020 Year-End Results", forming Attachment 12 to the report (June 21, 2021) from the City Manager and the Chief Financial Officer and Treasurer. 6. City Council direct that Confidential Attachments 7, 8 and 9 the report (June 21, 2021) from the City Manager and the Chief Financial Officer and Treasurer remain confidential in their entirety due to the security of the property of the City and securities requirements arising from Toronto Hydro Corporation's status as an offering corporation under the Business Corporations Act, (Ontario) R.S.O. 1990, c.B.16, Toronto Hydro Corporation's status as a reporting issuer under the Securities Act, (Ontario) R.S.O. 1990, c.S.5, and the application by the Ontario Securities Commission of National Instrument 51-102. 7. City Council direct that Confidential Attachment 6b to the report (June 21, 2021) from the City Manager and the Chief Financial Officer and Treasurer remain confidential in its entirety, as it deals with personal information about identifiable individuals. 8. City Council direct that Confidential Attachment 2 to the supplementary report (July 13, 2021) from the City Manager and the City Solicitor remain confidential in its entirety, as it contains advice or communications that are subject to solicitor-client privilege. Confidential Attachments 7, 8 and 9 the report (June 21, 2021) from the City Manager and the Chief Financial Officer and Treasurer remain confidential in their entirety in accordance with the provisions of the City of Toronto Act, 2006, as they pertain to the security of the property of the City and securities requirements arising from Toronto Hydro Corporation's status as an offering corporation under the Business Corporations Act, (Ontario) R.S.O. 1990, c.B.16, Toronto Hydro Corporation's status as a reporting issuer under the Securities Act, (Ontario) R.S.O. 1990, c.S.5, and the application by the Ontario Securities Commission of National Instrument 51-102. Confidential Attachment 6b to the report (June 21, 2021) from the City Manager and the Chief Financial Officer and Treasurer remains confidential in its entirety in accordance with the provisions of the City of Toronto Act, 2006, as it deals with personal information about identifiable individuals. Confidential Attachment 2 to the supplementary report (July 13, 2021) from the City Manager and the City Solicitor remains confidential in its entirety in accordance with the provisions of the City of Toronto Act, 2006, as it contains advice or communications that are subject to solicitor-client privilege.