The power company Hydro One said the company for the first quarter earned 33% more than in the same period last year.
This includes $12 million related to the purchase of Avista energy companies in the U.S., worth $6.7 million
Profit in Ontario amounted to 37 cents per share, compared to 2017 in the first quarter it was equal to 28 cents per share.
Hydro One stated that the quarterly dividend will rise one cent to 23 cents per share, payable June 29. Since June of last year, the company paid a dividend of 22 cents per share.
Earlier it became known that the Board of Directors Hydro One confirmed the increase in wages in 2018 at $25 000 for members and $70 000 for the Chairman of the Board.