Current News

by tim

Valener Inc (Valener) (TSX: VNR), the public investment vehicle in Gaz Métro Limited Partnership, is today announcing its financial results for the second quarter ended March 31, 2013. Gaz Métro is the owner of Green Mountain Power and Vermont Gas Systems.

Highlights:
Valener

At $24.0 million, recurring net income rises $2.2 million; and
Quarterly dividend maintained at $0.25 per common share.

Gaz Métro

At $115.8 million, recurring net income rises $9.2 million;
A $7.2 million 1 increase in net income generated in Vermont following the June 2012 acquisition of Central Vermont Public Service;
Natural gas maintains a favourable competitive position in all market segments; and
An 8.90% rate of return on common equity authorized by the Régie de l'énergie for natural gas distribution activities in Quebec for fiscal 2013.