11:49 AM EST - Fortis Inc. : reported second-quarter net income applicable to common shares of $53 million or $0.31 per share, compared to $29 million or $0.18 per share in the same quarter last year. The company noted that the results for the prior year quarter included one-time charges of approximately $15 million pertaining to Belize Electricity and FortisOntario. Excluding these one-time charges, earnings increased $9 million quarter over quarter driven by contributions from FortisAlberta and the Terasen Gas companies, partially offset by lower earnings from non-regulated hydroelectric generation. Revenue for the quarter was $754 million, down from $848 million in the comparable quarter last year. Fortis Inc.
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