Hydro One earnings on the rise after rate hike

Hydro One Ltd. says second-quarter earnings ticked up four per cent compared to a year ago.

Hydro One Ltd. says second-quarter earnings ticked up four per cent compared to a year ago.

In the three months ended June 30, the power utility says net income attributable to common shareholders rose to $265 million from $255 million in the same period a year earlier.

Hydro one is reporting second-quarter revenues that inched up by one per cent to $1.86 billion versus $1.84 billion a year earlier.