![]() Since the end of the quarter, the company says it was awarded the right to develop and construct three new transmission lines to meet growing demand in Northeastern and Eastern Ontario. Hydro One says the increase in revenue, net of purchased power, was helped by a hike in transmission rates and higher average monthly peak demand. Revenue totalled $1.93 billion, down from $2.03 billion in the same quarter last year, while revenue, net of purchased power, totalled $1.08 billion, up from $1.07 billion a year earlier. Top business headlines, all in one place. ![]() 30, up from 51 cents per diluted share a year earlier. The power utility says the profit amounted to 59 cents per diluted share for the quarter ended Sept. ![]() reported a third-quarter profit of $357 million, up from $307 million a year ago.
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