Friday, August 3, 2007

UPDATE 1-Fortis EPS hurt by Terasen purchase

(Reuters) - The company said it earned C$41.5 million ,
or 27 Canadian cents a share diluted, for the quarter ended
June 30, compared with C$37.9 million, or 35 Canadian cents a
share, for the same quarter last year.




The company said its May acquisition of British
Columbia-based natural gas distributor Terasen, which it funded
partially with a C$1.15 billion common share issue, diluted its
profit on an earnings per share basis.


Read more at Reuters.com Market News

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