By Adriano MarcheseFortis on Friday reported a rise in profit in the fourth quarter, driven largely by higher rate base and retail revenue in Arizona. The St. John's, Newfoundland and Labrador-based regulated utilities company posted net income of 381 million Canadian dollars ($283.1 million), or C$0.78 a share, up from C$370 million, or C$0.77 a share, in the comparable quarter a year ago.

Source: Wall Street Journal February 09, 2024 23:17 UTC