Protective Relay Training - Basic
Our customized live online or in‑person group training can be delivered to your staff at your location.
- Live Online
- 12 hours Instructor-led
- Group Training Available
While revenue rose 17 per cent to CAN$4.04 billion (US$2.7 billion) from $3.47 billion, earnings fell to $344 million from $374 million in 2001.
The company said Ontario's decision in November to cap electricity rates reduced net income significantly.
Also, Hydro One said extreme weather conditions last year led to unusually high costs for maintenance.
"The recent rate cap...means that Hydro One will continue to collect lower distribution revenues until at least 2006," the company said in a statement, but added that higher transmission and distribution revenues will partially offset this.
Last month Ontario's Conservative government scrapped its plans to sell a minority stake in the Hydro One grid. Ontario had planned to sell a 49 per cent stake in Hydro One as part of its plan of bringing competition to the province's electricity markets.
Related News
Attacks on power substations are growing. Why is the electric grid so hard to protect?
Louisiana power grid needs 'complete rebuild' after Hurricane Laura, restoration to take weeks
California Public Utilities Commission sides with community energy program over SDG&E
Don't be taken in by scammers threatening to shut off electricity: Manitoba Hydro
Energy Vault Secures $28M for California Green Hydrogen Microgrid
Solar + Wind = 10% of US Electricity Generation in 1st Half of 2018
Sign Up for Electricity Forum’s Newsletter
Stay informed with our FREE Newsletter — get the latest news, breakthrough technologies, and expert insights, delivered straight to your inbox.
Electricity Today T&D Magazine Subscribe for FREE
- Timely insights from industry experts
- Practical solutions T&D engineers
- Free access to every issue