Flooding forces two power plants to shut down
SIOUX FALLS, SOUTH DAKOTA - Flooding on the Missouri River is forcing two electric power plants in western North Dakota to shut down. But Gov. John Hoeven says it won't cut off power to customers.
Hoeven says the Leland Olds and Coal Creek power plants are shutting down because the Garrison Dam is not releasing water. The power plants need a certain river level to take in Missouri River water used to make steam and power the plant's turbines.
The dam cut off its water releases to ease flooding downstream in Bismarck.
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Hydro One Q2 profit plunges 23% as electricity revenue falls, costs rise
TORONTO - Hydro One Ltd.'s (H.TO 0.25%) second-quarter profit fell by nearly 23 per cent from last year to $155 million as the electricity utility reported spending more on tree-trimming work due to milder temperatures that also saw customers using less power.
The Toronto-based company - which operates most of Ontario's power grid - says its net earnings attributable to shareholders dropped to 26 cents per share from 34 cents per share when Hydro One had $200 million in net income.
Adjusted net income was also 26 cents per share, down from 33 cents per diluted share in the second quarter of 2018.
Revenue was $1.41 billion, down from…
