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Capital Power profit surges in first quarter

from Edmonton Journal

Capital Power posted first-quarter net income attributable to common shareholders of $40 million, or 41 cents per share. That's up from $32 million, or 33 cents a share, in the first quarter of 2014. Funds from operations were $108 million in the quarter, up 17 per cent from $92 million in the period a year earlier. "Despite cyclical price lows in Alberta's power market, Capital Power's financial results for the first quarter were in line with expectations," president and CEO Brian Vaasjo said in a written statement. more

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