{"id":67,"date":"2017-08-29T11:39:14","date_gmt":"2017-08-29T11:39:14","guid":{"rendered":"http:\/\/127.0.0.1\/wordpress25\/hydro-one-q2-revenue-profit-fall-as-milder-weather-cuts-peak-price-demand.html"},"modified":"2017-08-29T11:39:14","modified_gmt":"2017-08-29T11:39:14","slug":"hydro-one-q2-revenue-profit-fall-as-milder-weather-cuts-peak-price-demand","status":"publish","type":"post","link":"https:\/\/www.moneymethods.net\/?p=67","title":{"rendered":"Hydro One Q2 revenue, profit fall as milder weather cuts peak-price demand"},"content":{"rendered":"<figure id=\"post-1408821media-1408821\">\n<p>\t\t\t\t<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.moneymethods.net\/wp-content\/uploads\/2017\/08\/20170829113910-57.jpg\" width=\"780\" height=\"439\" \/><\/p>\n<\/figure>\n<p>\t\t<!-- THREE COL CHANGE GOES HERE --><\/p>\n<section id=\"entry-details\">\n<p>\t\t\t<img decoding=\"async\" src=\"https:\/\/www.moneymethods.net\/wp-content\/uploads\/2017\/08\/20170829113913-85.png\" width=\"90\" \/><br \/>The Canadian Press<br \/>\n\t\t\t\t\t <!-- \/author-wrap --><\/p>\n<p>August 8, 2017<br \/>8:57 AM EDT<\/p>\n<p><span>Last Updated<\/span><br \/>August 8, 2017<br \/>9:06 AM EDT<\/p>\n<p>\t\tFiled under\t\t<!-- story-details--><\/p>\n<p>\t\t\t\tFacebook<\/p>\n<p>\t\t\t\tTwitter<\/p>\n<p>\t\t\t\tEmail<\/p>\n<p>\t\t\t\tMore<\/p>\n<p><!-- Generator: Adobe Illustrator 16.0.4, SVG Export Plug-In . SVG Version: 6.00 Build 0)  --><\/p>\n<p>Share this storyHydro One Q2 revenue, profit fall as milder weather cuts peak-price demandTumblrPinterestGoogle PlusLinkedInReddit<br \/>\n\t\t\t\t\t\t\t<\/section>\n<p>\t  <!-- THREE COL CHANGE GOES HERE --><\/p>\n<p>TORONTO &mdash; Hydro One Ltd. reported a lower second-quarter profit as revenue fell compared with a year ago, reflecting the impact of milder weather and a delay in a rate decision.<\/p>\n<p>The owner of Ontario&rsquo;s largest electricity distribution system says milder weather during the quarter ended June 30 resulted in less demand during peak pricing periods.<\/p>\n<p>Revenue fell 11.3 per cent to $1.37 billion while revenue excluding purchased power slipped 2.8 per cent to $722 million.<\/p>\n<p>Net income for the Hydro One shareholders dropped to $117 million, or 20 cents per diluted share, compared with $152 million or 25 cents per diluted share a year ago.<\/p>\n<p>In addition to the lower revenue, the quarter included higher storm-related costs compared with the same time past year.<\/p>\n<p>The Ontario government remains Hydro One&rsquo;s largest shareholder, but its stake slipped below 50 per cent following the sale of a block of shares during the quarter.<\/p>\n<p>Last month, Hydro One signed a friendly deal to acquire U.S. energy company Avista Corp. in an agreement that valued the company at $6.7 billion.<\/p>\n<p>The Canadian Press<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Canadian Press August 8, 20178:57 AM EDT Last UpdatedAugust 8, 20179:06 AM EDT Filed under Facebook Twitter Email More Share this storyHydro One Q2 revenue, profit fall as milder weather cuts peak-price demandTumblrPinterestGoogle PlusLinkedInReddit TORONTO &mdash; Hydro One Ltd. reported a lower second-quarter profit as revenue fell compared with a year ago, reflecting the impact of milder weather and a delay in a rate decision. The owner of Ontario&rsquo;s largest electricity distribution system says milder weather during the quarter ended June 30 resulted in less demand during peak pricing periods. Revenue fell 11.3 per cent to $1.37 billion while <\/p>\n","protected":false},"author":1,"featured_media":43,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-67","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing","has_thumb"],"_links":{"self":[{"href":"https:\/\/www.moneymethods.net\/index.php?rest_route=\/wp\/v2\/posts\/67","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.moneymethods.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.moneymethods.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.moneymethods.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.moneymethods.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=67"}],"version-history":[{"count":0,"href":"https:\/\/www.moneymethods.net\/index.php?rest_route=\/wp\/v2\/posts\/67\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.moneymethods.net\/index.php?rest_route=\/wp\/v2\/media\/43"}],"wp:attachment":[{"href":"https:\/\/www.moneymethods.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=67"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.moneymethods.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=67"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.moneymethods.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=67"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}