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Hydro One Reports First Quarter Results and Increases Shareholder Dividend
May 4, 2017 6:58 AM EDTSuccessful launch of enhanced operational efficiency platforms and online customer service solutions
TORONTO, May 4, 2017 /PRNewswire/ -Â Hydro One Limited, Ontario's largest electricity transmission and distribution company, today announced its financial and operating results for the first quarter ended March 31, 2017.
Earnings per share of $0.28, compared to $0.35 last year, reflecting milder weather, interest rate driven reduction in allowed ROE, and favourable prior year bad debt comparisons. Placed $228 million of capital investments into service to improve the reliability and performance of Ontario's electric grid. Distribution segment five-year rate application filed... More