Hydro One Ltd. reported a third-quarter profit of $307 million, up from $300 million in the same quarter last year.
The power utility says the profit amounted to 51 cents per diluted share for the quarter ended Sept. 30.
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The result compared with a profit of 50 cents per diluted share in the third quarter of 2021.
Revenue for the quarter totalled $2.03 billion, up from $1.91 billion in the same quarter last year.
Revenue, net of purchased power, was $1.07 billion, up from $980 million a year ago.
Hydro One is Ontario’s largest electricity transmission and distribution provider.