Item - 2014.EX43.7

City Council on July 8, 9, 10 and 11, 2014, adopted the following:

1.         City Council consider that portion of the Council meeting at which the report (June 17, 2014) from the City Manager is being considered as the Annual General Meeting of the Shareholder for Toronto Hydro Corporation by:

a.         approving the "Toronto Hydro Corporation 2013 Annual Shareholder Meeting, Resolution of the Sole Shareholder – City of Toronto, Re-appointing Auditor" in Attachment 1 to the report (June 17, 2014) from the City Manager in order to re-appoint KPMG LLP, Chartered Accountants as the auditor for Toronto Hydro Corporation for 2014, and to authorize the Board of Directors of Toronto Hydro Corporation to fix the auditor's remuneration;

b.         receiving the "Toronto Hydro Corporation 2013 Annual Report, The Measure of Our Commitment", in Attachment 2 to the report (June 17, 2014) from the City Manager;

c.         receiving the "Toronto Hydro Corporation Fourth Quarter 2013 Report to the Shareholder December 31, 2013", in Confidential Attachment 3 to the report (June 17, 2014) from the City Manager;

d.         receiving the "Toronto Hydro Corporation 2013 Annual Financial Report December 31, 2013", including the "Toronto Hydro Corporation Consolidated Financial Statements December 31, 2013 and 2012", the "Toronto Hydro Corporation Ontario Securities Commission Form, Certification of Filings – CFO and CEO", and the "Toronto Hydro Corporation First Quarter Report March 31, 2014", in Attachments 4, 5 and 6 respectively to the report (June 17, 2014) from the City Manager; and

e.         receiving the "Toronto Hydro Corporation December 31, 2013 Internal Financial Statements", the "Financial Statements Toronto Hydro-Electric System Limited December 31, 2013", and the "Financial Statements Toronto Hydro Energy Services Inc. December 31, 2013", in Confidential Attachments 7, 8 and 9 respectively to the report (June 17, 2014) from the City Manager.

2.         City Council direct that Confidential Attachments 3, 7, 8 and 9 to the report (June 17, 2014) from the City Manager 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.

3.         City Council receive the "Toronto Hydro Corporation Annual Information Form for the Year Ended December 31, 2013" in Attachment 10 to the report (June 17, 2014) from the City Manager.

4.         City Council receive the report "Executive Compensation Disclosure Toronto Hydro Corporation 2013", in Attachment 11(a) and Confidential Attachment 11(b) to the report (June 17, 2014) from the City Manager, and direct that Confidential Attachment 11(b) remain confidential in its entirety as it deals with personal information about identifiable individuals.

5.         City Council receive the "Toronto Hydro Annual Report 2013 Environmental Performance", in Attachment 12 to the report (June 17, 2014) from the City Manager.

6.         City Council refer the "Toronto Hydro Corporation Consolidated Financial Statements December 31, 2013 and 2012", included as part of Attachment 4 to the report (June 17, 2014) from the City Manager, to the Audit Committee for information.

7.         City Council authorize and direct the appropriate City Officials to take the necessary actions to give effect to City Council's decision.

Confidential Attachments 3, 7, 8 and 9 to the report (June 17, 2014) from the City Manager remain confidential in their entirety in accordance with the provisions of the City of Toronto Act, 2006, as they relate 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 11(b) to the report (June 17, 2014) from the City Manager remains confidential in its entirety in accordance with the provisions of the City of Toronto Act, 2006, as it contains personal information about identifiable individuals.