Earnings Dip For OPG, But Hydro One Profit Increases

摘要

Earnings for Ontario Power Generation Inc. (OPG) and Hydro One Inc. (HOI) - the two Crown-owned utilities in the province - were down and up respectively for the first quarter compared to 2008.rnOPG reported its net loss was $9 million compared to $ 162 million in earnings in 2008.rnHOI net income was $ 177 million on revenues of $1.3 billion, up by $20 million or about 13% compared tornHOI reported the year-over-year increase was primarily due reduced payments in lieu of corporate income taxes, primarily resulting from higher capital cost allowance deductions being available on its information system and smart meter investments in excess of depreciation.