Increased exports help Hydro-Quebec to raise Q1 profit by 1.3 per cent to $1.4B
TMCnet
TMC Launches New Sites: Cable |  4G Wireless Evolution  |  Satellite  |  Green Tech  | IT | IVR |  ITEXPO East begins in:   REGISTER NOW!
  INDUSTRIES
  PUBLICATIONS
  FREE RESOURCES
  INTERNATIONAL
  EVENTS
  ABOUT TMC
  COMMUNITIES
TMCnet CHANNELS
3G, VoIP & IPTV Performance Management
All-in-one IPPBX
Appliance Deployment
ATCA
Auto Dialer
Bandwidth Management
BPA (3rd Party Remote Call Monitoring)
Broadband Telephony
Business VoIP
Call Center
Call Center Certification
Call Center Cubicles
Call Center Furniture
Call Center Hiring
Call Center On Demand
Call Center Scheduling
Call Center Software
Call Center Solutions
Call Center Training
Call Monitoring
Carrier Ethernet
Conference Call
Conference Phones
Contact Center Software
CRM Software
CRM Solutions
Cubicles
Device Provisioning
Dialer
DID/DDI
Email Server
Ethernet Extender
Fax
Fax Over IP
Free Conference
HD Conference
HD Video Conferencing
Headsets
Hosted Call Center
Hosted Contact Center
Hosted PBX
IP Phone System
IVR
Managed Services
Mobile Management
Mobile Unified Communications
Mobile Video
NAT Traversal
Open Source CRM
PC to Phone
Performance Management
Phone Systems
Predictive Dialer
Pre-employment Screening
Selecting VoIP Solutions
SIP
SIP / IP Fax
SIP Trunking
Softswitch
Speech Recognition and Text to Speech
Telecom Cost Management
Telecom Expense Management
Telemarketing Software
Triple Play
Unified Communications
Virtual Call Center
Virtual Numbers
Virtual PBX
Voice Broadcast
Voice and Video IP Communication
Voice Peering
Voicemail Replacement
VoIP Contact Center
VoIP Developer
VoIP Monitoring
VoIP Robustness Testing
VoIP Test Solutions
Web Conferencing
Webcasting
Webinar
Wholesale VoIP
Wireless Expense Management
Wireless Management
Workforce Management
Workforce Management Software
Workforce Optimization
E-mail this page to a friend Order reprints online Print this page Bookmark this page Free magazines Free newsletters RSS-XML alerts
TMCnews
[May 17, 2008]

Increased exports help Hydro-Quebec to raise Q1 profit by 1.3 per cent to $1.4B

(Canadian Press (delayed) Via Acquire Media NewsEdge) MONTREAL _ Hydro-Quebec's first-quarter net income rose 1.3 per cent to $1.45 billion on $3.77 billion in revenue thanks in part to higher sales of electricity outside the province.

The result compared with a profit of $1.43 billion on $3.73 billion in revenue a year ago.

Total expenses were $1.8 billion, or $119 million more than in the first quarter of 2007.

Net income from exports to Ontario and the eastern United States grew by $37 million, while sales increased by $26 million or one per cent.

About 90 per cent of Hydro-Quebec's exports are sent to New England and New York.

A one-time $117-million gain from the sale of the utility's interest in Transelec in Chile barely compensated for higher royalties paid to the Quebec government, which owns the utility.



The public utility realized a gain on its Transelec interest following higher tariffs imposed by the Chilean government.

``The change in the price of a transaction that we made in 2006 helped us,'' said Daniel Garant, chief financial officer.



Water-power royalties were $169 million, up from $65 million a year earlier.

Hydro-Quebec Production earned $840 million, a decrease of $67 million, thanks largely to higher government royalties.

Copyright ? 2008 The Canadian Press

[ Back To TMCnet.com's Homepage ]
Discussions:
Be the first to post a comment on this page!
 
By  
TMCnet
+ Add to the Discussion
Receive more news in your Email
TMCnet Videos
Featured White Papers
Featured White Paper RSS feed
Customer Process Management: Developing best practices and metrics for a customer-centric operation
Understanding the Total Cost of Ownership of IP Telephony Solutions
Upgrading from a RADIUS Billing Server to a Native SIP based IVR and Real-time Billing Solution
view all white papers…
Top Stories
Today's TMCnet Top Stories and News Articles
Fitch Expects Weakness
40G Market Accelerates
InfoCision Stays Downtown For Expanded Contact Center
Sunrise Telecom Intros New Test System for Service Providers
SantaSpeaking.com Puts a Modern Spin on Old St. Nick
more of today's top stories...
Related VoIP News
Latest IP Communitions and VoIP News
8x8 Places Renewed Emphasis on Cost Benefits of VoIP
Nortel Brings Mobile Communications to Barcelona-Figueres Railway Line
Tpad Signs Mobile VoIP Affiliate Deal with Nimbuzz
Westman Communications Group Deploys TV Caller ID Application from Integra5
MEMS Congress Discusses New Class of Applications in MEMS Industry

Today @ TMC
Upcoming Events
19th INTERNET TELEPHONY Conference & EXPO East
 February 2-4, 2009 — Miami Beach Convention Center, Miami, FL
Digium Asterisk World Conference
 February 2-4, 2009 — Miami Beach Convention Center, Miami, FL
4G Wireless Evolution Conference
 February 2-4, 2009 — Miami Beach Convention Center, Miami, FL
6th Annual Communications Developer Conference
 February 2-4, 2009 — Miami Beach Convention Center, Miami, FL
20th INTERNET TELEPHONY Conference & EXPO West
 October 27-29, 2009 — Los Angeles Convention Center, Los Angeles, CA
view more…
Subscribe FREE to all of TMC's monthly magazines. Click here now.