Fortis reports profits, revenues up

Staff ~ The Telegram
Send to a friend

Send this article to a friend.

St. John's-based Fortis Inc. reported today its profits and revenues were up during the first three months of this year.

The company generated profits of $92 million on revenues of more than $1.2 billion during the first quarter.

During the same period in 2008, Fortis reported net earnings of $91 million on revenues of $1.14 billion.

Fortis owns Newfoundland Power, along with other electric distribution utilities in the Maritimes, Ontario and the Caribbean.

As well, the company owns a natural gas distribution utility, Terasen Gas, in Western Canada, and has commercial real estate and hotel holdings throughout Canada.

Organizations: Newfoundland Power

Geographic location: St. John's, Western Canada, Ontario Caribbean

  • 1
  • 2
  • 3
  • 4
  • 5

Thanks for voting!

Top of page

Comments

Comments

Recent comments

  • Andrew
    July 02, 2010 - 13:16

    for everyone who is thinking about commenting about electricity rates, Newfoundland Power already has an application to the public utilities board to lower rates in the province by 6%.

  • William
    July 02, 2010 - 13:10

    Hard to beat a public utility on an island with no competetion... I invest in Fortis keep it up...

  • Andrew
    July 01, 2010 - 19:56

    for everyone who is thinking about commenting about electricity rates, Newfoundland Power already has an application to the public utilities board to lower rates in the province by 6%.

  • William
    July 01, 2010 - 19:46

    Hard to beat a public utility on an island with no competetion... I invest in Fortis keep it up...