trending Market Intelligence /marketintelligence/en/news-insights/trending/n0eudzxw4tkn6lymuby2hw2 content esgSubNav
In This List

Toronto Hydro posts Q1 net income of C$42.5M

Blog

Understanding Loss Given Default A Review of Three Approaches

Blog

Insight Weekly: US recession outlook; mortgage activity slowdown; climate disclosure push

Blog

Firms Realize the Value of Data Driven Decision Making

Blog

Insight Weekly: Cybersecurity M&A momentum; US banks' loan growth; miners' labor supply woes


Toronto Hydro posts Q1 net income of C$42.5M

Toronto Hydro Corp. booked C$42.5 million in first-quarter 2018 net income after net movements in regulatory balances, up from C$39.6 million a year earlier.

The increase was primarily due to the implementation of new electricity distribution rates and higher electricity consumption, partially offset by higher operating expenses related to system maintenance and higher depreciation related to new in-service asset additions, the company said.

Distribution revenue for the quarter was C$171.6 million, a drop from C$178.2 million a year ago.

First-quarter capital expenditures were down to C$109.5 million, from C$134.3 million during the comparable period of 2017.