Hydro One reports fourth quarter profit up from year ago, tops expectations

TORONTO _ Hydro One Ltd. topped expectations as it reported its fourth-quarter profit was up more than 20 per cent compared with a year ago.

The parent company of Ontario’s largest electricity transmission and distribution utility says it earned a profit attributable to common shareholders of $155 million or 26 cents per diluted share in the quarter ended Dec. 31.

That compared with a profit of $128 million or 21 cents per diluted share in the last three months of 2016.

On an adjusted...

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