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
Belize.

Stock Market Investing

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

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