UPDATE 1-Fortis first-quarter profit rises

* Q1 EPS C$0.56 Vs C$0.52 a yr-earlier

* Stronger results driven by its Terasen Gas subsidiary

TORONTO, April 30 (BestGrowthStock) – Canadian utility company
Fortis Inc (FTS.TO: ) said on Friday its first-quarter earnings
rose, driven primarily by its Terasen Gas subsidiary.

Net income in the quarter ended March 31 rose to C$100
million, or 56 Canadian cents a diluted share, up from C$92
million, or 52 cents a share, a year earlier.

Fortis is one of the largest investor-owned distribution
utility companies in Canada, with over 2 million customers.

Its regulated holdings include electric utilities in five
Canadian provinces and three Caribbean countries and a natural
gas utility in British Columbia. It also owns nonregulated
generation assets across Canada, in New York state and in

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(Reporting by Euan Rocha, editing by Gerald E. McCormick)

UPDATE 1-Fortis first-quarter profit (Read more your timing to make a profit.) rises