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Hydro One Reports First Quarter Results
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A resilient business strategy and stable fundamentals allow Hydro One to support its customers and communities while delivering positive financial results
TORONTO, May 7, 2021 /PRNewswire/ - Hydro One Limited (Hydro One or the Company) today announced its financial and operating results for the first quarter ended March 31, 2021.
First Quarter Highlights
First quarter earnings per share (EPS) and adjusted EPS was $0.45, compared to EPS and adjusted EPS of $0.38, for the same period in 2020. The increase was due mainly to approved rates for the transmission and distribution segments, and higher demand because of colder weather, partially offset by higher depreciation, amortization and asset removal costs, and higher work program costs.