20180126Avista to Staff_DR_006(H1).DOCX

HYDRO ONE LIMITED
RESPONSE TO REQUEST FOR INFORMATION
JURISDICTION:OREGONDATE PREPARED:10/02/2017
CASE NO.:UM 1897WITNESS:Mayo Schmidt
REQUESTER:PUC StaffRESPONDER:Adele PantusaTYPE:Data RequestDEPT:Law
REQUEST NO.:Staff – 006(H1)TELEPHONE:[phone]EMAIL:[e-mail]:Please describe the process by which the Hydro One BOD approves the declaration and payment of dividends.RESPONSE:The amount and timing of any dividends payable by Hydro One is at the discretion of the Hydro One BOD and is established on the basis of Hydro One’s results of operations, maintenance of its deemed regulatory capital structure, financial condition, cash requirements, the satisfaction of solvency tests imposed by corporate laws for the declaration and payment of dividends and other factors that the Hydro One BOD may consider relevant.