PRTODAY / NewswireToday Free press release distribution service network

More news: Energy
Written by / Agency / Source: Hydro-Québec / IREQ

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Hydro-Québec Posts Net Income of $1,442 Million - First Quarter 2010 - Hydro-Québec posted net income of $1,442 million for the first three months of 2010, an increase of $65 million over the first quarter of 2009 that is essentially due to a $125-million increase in net electricity exports by Hydro-Québec Production
Hydro-Québec Posts Net Income of $1,442 Million - First Quarter 2010

 

NewswireToday - /newswire/ - Montréal, Québec, Canada, 2010/05/14 - Hydro-Québec posted net income of $1,442 million for the first three months of 2010, an increase of $65 million over the first quarter of 2009 that is essentially due to a $125-million increase in net electricity exports by Hydro-Québec Production.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Segmented results
Hydro-Québec Production posted net income of $827 million for the first quarter, compared to $839 million for the same period of 2009. Net electricity exports, including the positive impact of the company’s hedging operations for wholesale market activities, increased by $125 million because of higher volumes due mainly to the exceptionally mild temperatures recorded in Québec in 2010. This increase was offset by a $80-million decrease in revenue from electricity sales to Hydro-Québec Distribution as a result of the temperature effect, and by a $47‑million increase in transmission system reservation costs paid to Hydro-Québec TransÉnergie.

Hydro-Québec TransÉnergie’s net income amounted to $138 million, an increase of $10 million over 2009.

Hydro-Québec Distribution posted net income of $477 million for the first quarter, an increase of $60 million over 2009. Revenue from electricity sales decreased by $194 million because of the exceptionally mild temperatures recorded in the winter of 2010. This decrease was more than offset by a $142‑million reduction in electricity purchases and by the recognition of a $105‑million regulatory asset for revenue variances related to climate conditions.

The volume of activity of Hydro-Québec Équipement and Société d’énergie de la Baie James (SEBJ) totaled $514 million in the first quarter of 2010, compared to $395 million in 2009. Among the major projects under way are Eastmain-1-A/Sarcelle/Rupert and construction of the Romaine-2 hydroelectric development.

Investment
As at March 31, 2010, investments totaled $827 million, compared to $685 million in 2009. As expected, a large portion of this amount was devoted to major growth and development projects and to the continued implementation of the Energy Efficiency Plan.

Financing
In March 2010, the reopening of the bond issue maturing in February 2050 raised $0.5 billion on the Canadian market at a rate of 4.75%.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Hydro-Québec / IREQ

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


Hydro-Québec Posts Net Income of $1,442 Million - First Quarter 2010

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: HydroQuebec.com 
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Hydro-Québec / IREQ securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Hydro-Québec / IREQ / Company Profile


Read Energy Most Recent Related Newswires:

Enel Group Confirmed in Euronext Vigeo Eiris Sustainability Indices for Fifth Straight Year
Invenergy Selects GE Renewable Energy to Provide Cyber Security for Entire Fleet
GNF3 Fuel Product Completes U.S. NRC Approved Process for New Fuel Product Introductions
Surging Demand from Data Centres Energises European Diesel Genset Market Finds Frost & Sullivan
Mexican Ministry of Energy Awards Three Geothermal Exploration Permits - A Key Step Forward for ENGIE and Reykjavik Geothermal
Forestalia Selects GE Renewable Energy to Provide 1,200 MW of Wind Power in the Largest European Auction to Date
Enel Launches E-Solutions - A New Global Business Line
Enel Buys A Stand-alone Battery Energy Storage Project in UK
GE Supports Power Grids of the Future with Europe’s First MVDC Link
ENGIE Launches Home Energy Business in the UK
Akenerji Selects GE’s Predix-based Operations Optimization Software to Improve Gas Thermal Plant Efficiencies and Performance
Enel Starts Construction of New 298 MW Wind Project in The United States
OPEC and Non-OPEC Nations Will Reduce Oil & Gas Production to Restore Supply-Demand Parity Finds Frost & Sullivan
ENGIE and AES Agree to Expand their LNG Marketing Partnership to Central America
GE to Supply Power Generation Technology for Ghana’s 400 MW Bridge Power Project

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  JobsWare.com

Visit  Explorers Vacation Club





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)