Hydro One reports $181M profit in Q4, revenue up from year earlier
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Digital Subscription
One year of digital access for only $1.44 a week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $5.77 plus GST every four weeks. After 52 weeks, price increases to the regular rate of $19.95 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 13/02/2024 (978 days ago), so information in it may no longer be current.
TORONTO – Hydro One Ltd. reported $181 million in fourth-quarter net income attributable to common shareholders as its revenue edged higher compared with a year earlier.
The power utility says the profit amounted to 30 cents per diluted share for the quarter ended Dec. 31.
The result compared with a profit of $178 million or 30 cents per diluted share a year earlier.
Revenue totalled $1.98 billion, up from $1.86 billion in the fourth quarter of 2022, while revenue net of purchased power totalled $989 million, up from $967 million.
The increase was due in part to higher average monthly peak demand and energy consumption, as well as higher rates, partially offset by regulatory adjustments.
Hydro One is Ontario’s largest electricity transmission and distribution provider.
This report by The Canadian Press was first published Feb. 13, 2024.
Companies in this story: (TSX:H)