Hydro-Quebec posts higher Q2 profit and revenue compared with year ago


MONTREAL – Hydro-Quebec’s continuing operations had a $467 million net result in the second quarter, up about 7.4 per cent from a year earlier.

Including discontinued generation operations that contributed $29 million to Hydro-Quebec’s bottom line in the second quarter of 2013, the increase was up marginally from $464 million.

The provincially owned power utility had $2.86 billion in revenue for the three months ended June 30, up from $2.79 billion a year earlier.

The bulk of Hydro-Quebec’s profit comes from power generation, which contributed $330 million to Hydro-Quebec’s net result in the quarter ended June 30 — down from a year-earlier $395 million including discontinued operations.

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