Item - 2026.EX32.5

The Executive Committee recommends that:

1. City Council treat the portion of the City Council meeting at which this letter (June 2, 2026) from the Corporate Secretary, Toronto Hydro Corporation is considered as the Annual Meeting of the shareholder for Toronto Hydro Corporation.

2. City Council approve and adopt the shareholder resolution attached in Attachment 2 to this letter (June 2, 2026) from the Corporate Secretary, Toronto Hydro Corporation to re-appoint the Auditor of Toronto Hydro Corporation to hold office until the close of the next Annual Meeting and to authorize the Directors of Toronto Hydro Corporation to fix the Auditor’s remuneration.

3. 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.

4. 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 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, 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.

5. City Council authorize and direct appropriate City officials to take the necessary action to give effect to City Council’s decision.

Brian Topp, Chair, Toronto Hydro Board of Directors and Jana Mosley, President and Chief Executive Officer, Toronto Hydro gave a presentation on Power to Meet the Moment, Year in Review.

Annual Meeting: The Ontario Business Corporations Act requires the directors of Toronto Hydro Corporation to call an Annual Meeting by no later than 15 months after holding the preceding Annual Meeting. The last Annual Meeting was on June 25 – 26, 2025.

Auditor: The Ontario Business Corporations Act requires the shareholder to appoint the auditor and either fix the remuneration of the auditor or authorize the Toronto Hydro Corporation Board of Directors to do so.

Financial Documents: All attached financial documents are confidential and were approved by the Toronto Hydro Corporation Board of Directors. The Ontario Business Corporations Act and the Shareholder Direction[1] require Toronto Hydro Corporation to present the following to the shareholder at each Annual Meeting:

- The financial statements required to be filed under the Securities Act relating to (1) the period that began immediately after the end of the last completed financial year and ended not more than six months before the annual meeting and (2) the immediately preceding financial year;

- The report of the auditor to the shareholders; and

- Any further information respecting Toronto Hydro Corporation’s financial position and the results of its operations.

Toronto Hydro Corporation therefore submits and recommends that the attached documents be received and approved by City Council.

[1] The Shareholder Direction relating to Toronto Hydro Corporation, as amended and restated.

As directed by City Council at its meeting on May 20 and 21, 2026, enclosed is our report on Supporting Multiplex Housing.