Ontario seeks developers to create energy apps
In partnership with the MaRS Discovery District, the Energy Apps for Ontario Challenge is offering $50,000 to support the best new apps that use electricity data collected by smart meters.
Submissions will be accepted from October 1 to January 7, 2014. Awards will be announced at a later date. Awards include Gold, Silver and Bronze, Best Student App, Best App Created Outside of Ontario, and PeopleÂ’s Choice. In January, Ontarians can vote for their favourite submission to win the PeopleÂ’s Choice Award.
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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…
