09:55 AM EST - Valener Inc. : the public investment vehicle in Gaz Métro Limited Partnership (Gaz Métro), is today announcing its financial results. For the first quarter of fiscal 2014, recurring net income attributable to common shareholders totalled $15.8 million ($0.42 per common share) versus $14.3 million ($0.38 per common share) for the same period last year. This $1.5 million or 10.5% increase ($0.04 per common share) came mainly from an increase in the recurring net income of Gaz Métro, its main investment, as energy distribution activities saw excellent performance from higher natural gas and electricity deliveries in Quebec and Vermont. Valener Inc.
shares T.VNR are trading unchanged at $15.56.
