Excluding the costs associated with Avista, Hydro One’s adjusted profit was up two per cent at $237 million. Hydro One’s earnings per share were down two cents at 37 cents, while adjusted earnings were up one cent at 40 cents per share. Excluding power purchases, net revenue was up 1.3 per cent at $847 million. Hydro One says its revenue was positively affected by higher transmission rates but negatively affected by lower peak demand and lower energy consumption during mild weather during the summer. The province remains Hydro One’s largest shareholder but its stake has fallen below 50 per cent.

Source: National Post November 10, 2017 12:45 UTC