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The synthesis, characterization, and reactivity of a NiOH core bearing a tridentate redox-active ligand capable of reaching three molecular oxidation states is presented in this paper. The reduced complex [LNiOH]2– was characterized by single-crystal X-ray diffraction analysis, depicting a square-planar NiOH core stabilized by intramolecular H-bonding interactions. Cyclic voltammetry measurements indicated that [LNiOH]2– can be reversibly oxidized to [LNiOH]− and [LNiOH] at very negative reduction potentials (−1.13 and −0.39 V vs ferrocene, respectively). The oxidation of [LNiOH]2– to [LNiOH]− and [LNiOH] was accomplished using 1 and 2 equiv of ferrocenium, respectively. Spectroscopic and computational characterization suggest that [LNiOH]2–, [LNiOH]−, and [LNiOH] are all NiII species in which the redox-active ligand adopts different oxidation states (catecholate-like, semiquinone-like, and quinone-like, respectively). The NiOH species were found to promote H-atom abstraction from organic substrates, with [LNiOH]− acting as a 1H+/1e– oxidant and [LNiOH] as a 2H+/2e– oxidant. Thermochemical analysis indicated that [LNiOH] was capable of abstracting H atoms from stronger O–H bonds than [LNiOH]−. However, the greater thermochemical tendency of [LNiOH] reactivity toward H atoms did not align with the kinetics of the PCET reaction, where [LNiOH]− reacted with H-atom donors much faster than [LNiOH]. The unique stereoelectronic structure of [LNiOH]− (radical character combined with a basic NiOH core) might account for its enhanced PCET reactivity.