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.
Fortis reports profits, revenues up
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Published on
April 30, 2009
- Published on June 30, 2010
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Staff ~ The Telegram
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Comments
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- Andrew
- - July 2, 2010 at 14:46:29
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%.
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- William
- - July 2, 2010 at 14:40:13
Hard to beat a public utility on an island with no competetion... I invest in Fortis keep it up...
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- Andrew
- - July 1, 2010 at 21:26:34
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%.
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- William
- - July 1, 2010 at 21:16:03
Hard to beat a public utility on an island with no competetion... I invest in Fortis keep it up...
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