Toronto Hydro Corporation Annual General Meeting and 2025 Audited Financial Statements

3. City Council affirm that Toronto Hydro is and should remain solely owned by the City of Toronto for the benefit of the people of Toronto by protecting the long-term financial sustainability of Toronto Hydro and the City of Toronto while keeping electricity safe, clean, reliable, and as affordable as possible for Toronto's residents and businesses. 4. To support the continued public ownership of Toronto Hydro, City Council amend the Toronto Hydro Shareholder Direction by adding the following words to the Shareholder Direction in a form satisfactory to the City Solicitor in consultation with the Board of Directors, Toronto Hydro: "Unless Directed by Council the Corporation shall not, and shall ensure that the Distribution Company does not, pursue the raising of capital by way of investment in the equity of, or the issuance of shares by, either the Corporation or the Distribution Company to any Person other than the City." 5. City Council receive the following documents for information: a. Attachment 1a - Toronto Hydro Corporation 2025 Annual Report Year in Review; b. Attachment 1b - Toronto Hydro Corporation 2025 Sustainability Report; c. Attachment 2 - Resolution of the Shareholder Re-appointing Auditor; d. Attachment 3 - Toronto Hydro Corporation 2025 Annual Report to the Shareholder; d. Attachment 4 - Toronto Hydro Corporation Annual Information Form; e. Attachment 5 - Toronto Hydro Corporation Chief Executive Officer and Chief Financial Officer Certification; f. Attachment 6 - Executive Compensation Disclosure; g. Confidential Attachment 7 - Toronto Hydro Corporation Non-Consolidated Financial Statements for years ending December 31, 2025 and 2024; h. Confidential Attachment 8 - Financial Statements of Toronto Hydro-Electric System Limited for years ending December 31, 2025 and 2024; i. Confidential Attachment 9 - Financial Statements of Toronto Hydro Energy Services Inc. for years ending December 31, 2025 and 2024; j. Confidential Attachment 10 - Toronto Hydro Corporation Report for the three months ended March 31, 2026; k. Attachment 11a - Statement of Remuneration and Expenses for Council Appointees; and l. Attachment 11b - Toronto Hydro Corporation Statement of Board of Directors Remuneration and Expenses. 6. City Council direct that Confidential Attachments 7 to 10 to the letter (June 2, 2026) from the Corporate Secretary, Toronto Hydro Corporation remain confidential in their entirety 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, Toronto Hydro Corporation's status as a reporting issuer under the Securities Act, and the application by the Ontario Securities Commission of National Instrument 51-102. 7. City Council authorize and direct appropriate City officials to take the necessary action to give effect to City Council's decision. Confidential Attachments 7 to 10 to the letter (June 2, 2026) from the Corporate Secretary, Toronto Hydro Corporation remain confidential in their entirety in accordance with the provisions of the City of Toronto Act, 2006, as they pertain to 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, Toronto Hydro Corporation's status as a reporting issuer under the Securities Act, and the application by the Ontario Securities Commission of National Instrument 51-102.