Sale of B.C. hydroelectric project boosts Fortis Q2 profit to $720 million

first_imgAnalysts had estimated $2.06 billion of revenue and 57 cents per share of adjusted earnings, according to financial markets data firm Refinitiv. ST. JOHN’S, N.L. — Canadian utility company Fortis Inc. says the sale of its share of a B.C. hydroelectric project helped boost its second-quarter profit to $720 million — nearly three times what it had in the same period last year.However, adjusted earnings and revenue for the Newfoundland-based company were below analysts’ estimates.The quarter included a $484-million after-tax gain on the sale of a 51 per cent interest in the Waneta Expansion hydroelectric project in British Columbia.- Advertisement -Fortis says its net profit attributable to common shareholders including the unusual item amounted to $1.66 per share, up from $240 million or 57 cents per share in last year’s second quarter.Excluding the Waneta Expansion sale and the impact of natural gas derivatives, Fortis had $235 million of adjusted earnings, or 54 cents per share, down from $251 million or 59 cents per share in last year’s second quarter.The electric and gas utility company’s revenue was $1.97 billion, mainly from businesses in Canada and the United States, up from $1.95 billion a year ago.Advertisement Companies in this story: (TSX:FTS)The Canadian Presslast_img read more

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Column: A Super stinker, Patriots prevail but ugliness wins

first_imgSEA Games hosting troubles anger Duterte Grace Poe files bill to protect govt teachers from malicious accusations When Adam Levine ripped off his shirt during the halftime show, it was quickly apparent that tattoos would far outnumber points in the A-T-L.Come to think of it, Maroon 5 might have benefited the most from this one.Their lame, off-key performance was probably the highlight of the night.The Rams needed until deep into the third quarter to finally surpass 100 yards, on a drive that resulted in their only points. Greg Zuerlein booted a 53-yard field goal that tied the game at 3 with just over two minutes remaining in the period, and it looked like Los Angeles might actually have a chance to pull out a game it had no business winning.After Michel’s TD, Los Angeles gave itself one more chance. Driving briskly into New England territory, the Rams had first down at the 27 when Goff lofted a pass toward the right pylon with Brandin Cooks breaking into the clear. But Patriots second-string safety Duron Harmon, in the game after Patrick Chung sustained what looked to be a broken arm, came flying over to level Cooks just as the ball was slipping through the receiver’s hands at the goal line.Cooks conceded afterward that it was a catch he should’ve made, but he was hardly alone in that category.On the very next play, Huron came at Goff on a blitz. The young quarterback flinched with the safety in his face, wobbling up a pass that was easily picked off by Stephon Gilmore.New England drove the other way for the clinching field goal.With eight seconds remaining, the Rams sent on Zuerlein to attempt a 48-yard field goal, knowing the only remote chance they had to force OT was to get three points, pull an onside kick and heave a desperation pass toward the end zone on the final play.Zuerlein was money all season, and especially in the NFC championship game against the New Orleans Saints, when he tied it up with a 48-yard field goal and won the game in overtime with a booming 57-yard effort. “You’ve got to grind it out and find a way,” said Brady, delivering a drab quote that perfectly fit the occasion.Stephen Gostkowski clinched it for the Patriots, barely guiding a 41-yard field goal inside the left upright with 1:12 remaining to make it a two-score game.What a blessing.The last thing anyone needed was the Rams having any chance to send this monstrosity to overtime.Taking nothing away from a stout defensive effort by both teams, this lackluster affair seemed more the result of two offenses that never found their footing — especially the youthful Rams and their 24-year-old quarterback, Jared Goff.There were plenty of silly mistakes, the kind of plays you normally see when teams are working through the kinks coming of training camp. Both teams were flagged for having two men in motion at the same time. The Rams were penalized for a false start when lined up on second down needing less than a yard. One of their better plays was negated by a holding penalty. They even got caught with too many men on the field.“We just played bad today,” running back C.J. Anderson said.With just over a minute to go, after the Rams were called for yet another holding penalty, the press box announcer summed it up best after accidentally leaving his mic on.“Ughhhhhhh,” he moaned, snapping the assembled media out their slumber.It was the lowest-scoring game in Super Bowl history, eclipsing a 21-point snoozer in 1973 when Miami capped its perfect season with an ugly victory over Washington that had least had a bit of comic relief: kicker Garo Yepremian’s ridiculous attempt to throw a pass. ‘We are too hospitable,’ says Sotto amid SEA Games woes LATEST STORIES Reliable as ever, Patriots’ Julian Edelman wins Super Bowl MVP Oil plant explodes in Pampanga town Don’t miss out on the latest news and information. US judge bars Trump’s health insurance rule for immigrants It was the only time all evening that either team reached the red zone.That brief burst of offense was enough to carry the Patriots to a 13-3 victory , but this game will be remembered as an unworthy finale to a thrilling season. Certainly not in the same league as that pair of captivating games we witnessed on conference championship weekend. Not even close to the Super Bowl classics that capped off the last two seasonsThose represented the NFL at its HD best.The latest Super Bowl should’ve been broadcast in black and white.It was straight out of the 1950s.ADVERTISEMENTcenter_img PDEA chief backs Robredo in revealing ‘discoveries’ on drug war Private companies step in to help SEA Games hosting MOST READ View comments Los Angeles Rams’ Jared Goff pauses while speaking to the media after the NFL Super Bowl 53 football game against the New England Patriots, Sunday, Feb. 3, 2019, in Atlanta. The Patriots won 13-3. (AP Photo/Chuck Burton)ATLANTA — The NFL should’ve ended the season two weeks ago.This Super Bowl was a hot mess, really no better than a sloppy preseason game.ADVERTISEMENT ‘We are too hospitable,’ says Sotto amid SEA Games woes PH underwater hockey team aims to make waves in SEA Games PLAY LIST 02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss That was then.This time, Zuerlein’s kick sailed wide left of the upright.Brady kneeled down one more time and it was over.Thankfully.Disney officials dutifully announced that Brady and MVP Julian Edelman would be visiting the Magic Kingdom on Monday.The folks at Mickey Mouse Land might want to reconsider their offer.It’s probably best to just forget this stinker of a Super Bowl.Sports Related Videospowered by AdSparcRead Next Tom Brady and the New England Patriots captured their sixth championship Sunday night, an amazing accomplishment that was overshadowed by the ugly way they won it against the stunningly inept Los Angeles Rams.An instant classic?FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSUrgent reply from Philippine ‍football chiefSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesNo, this was instantly forgettable.The only touchdown finally came when the game was 53 minutes old, the Patriots reaching the end zone on Sony Michel’s 2-yard run after one of the few offensive highlights — Brady’s niftily threaded ball to Rob Gronkowski with three defenders around, resulting in a 29-yard play.last_img read more

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2015 Metro Cup Grand Final Results

first_imgCongratulations to all of the winners of the 2015 Metro Cup grand finals on Saturday. Men’s PremierDodgers 7 defeated Country Club Colts 6Player of the Final – Ethan TaylorWomen’s PremierCountry Club Colts 5 defeated Southern Storm 4Player of the Final – Hayley MaddickMen’s Division OneDodgers 8 defeated Uni Rebels 2Player of the Final – Scott PrinceWomen’s Division OneSouthern Storm 9 defeated Country Club Colts 4Player of the Final – Bec GouldingMen’s Division TwoCountry Club Colts Senior 5 defeated Uni Rebels Junior 4Player of the Final – Jason CampbellWomen’s Division TwoUni Rebels Junior Gold 7 defeated Uni Rebels Senior Blue 3Player of the Final – Tegan Phillips To see highlights from finals day, please visit the Touch Football Australia YouTube channel – www.youtube.com/touchfootballaus.Related LinksMetro Cup Finalslast_img read more

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9 months agoBarcelona coach Valverde coy over plans for Chelsea striker Morata

first_imgTagsTransfersAbout the authorPaul VegasShare the loveHave your say Barcelona coach Valverde coy over plans for Chelsea striker Morataby Paul Vegas9 months agoSend to a friendShare the loveBarcelona coach Ernesto Valverde is coy over talk of a move for Chelsea striker Alvaro Morata this week.Chelsea head coach Maurizio Sarri fuelled speculation Morata could be set to depart Stamford Bridge when he told reporters on Friday: “If Morata will go to another club we will need a replacement.”Valverde was coy on Barcelona’s reported interest in the Spain international when he was asked directly about Morata ahead of Sunday’s visit of Eibar.”I can only say the same thing,” Valverde said. “That he’s a great player, that he’s at another team and that we respect that a lot.” last_img read more

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9 months agoWATCH: Careful Sarri! Higuain cleans out Gattuso in AC Milan training

first_imgTagsTransfersAbout the authorPaul VegasShare the loveHave your say WATCH: Careful Sarri! Higuain cleans out Gattuso in AC Milan trainingby Paul Vegas9 months agoSend to a friendShare the loveChelsea’s coaching staff better be careful if Gonzalo Higuain arrives from AC Milan.Milan training from yesterday shows Higuain taking out coach Gennaro Gattuso much to the delight of his team-mates preparing for the Italian Super Cup against Juventus.The famously volatile manager fortunately saw the funny side too as Higuain, who is looking to push through a move to Chelsea, slid in during a Rondo drill.Gattuso has admitted he expects Higuain to eventually leave for Chelsea this month.Incase you want a longer version. that var gesture from higuain tho. also noticed someone nutmeg on gattuso at the end lololol so funny. famiglia pic.twitter.com/XYSgXwnX0O— —uncommon (@toological424) January 14, 2019 last_img read more

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Video: Duke Dropped A Cool “Duke In The NBA” Graphic On Twitter

first_imgDuke alumni Kyrie Irving promotion.Duke KyrieDuke is just three days away from beginning its national title defense. The Blue Devils open up Friday night against Siena, but there are over a dozen former players currently in action in the NBA.Like other programs with a large number of NBA alumni, Duke does a good job of playing up its track record on social media. It did so again tonight with a quick “Duke in the NBA” graphic on Twitter. Pretty self-explanatory. There’s background music, as images of ex-Dukies in NBA gear appear and flow from one to the next. Duke forever. #DukeintheNBA #BannerHunters #TheBrotherhood #DukeFam pic.twitter.com/3DnvM2cVcF— Duke Basketball (@dukeblueplanet) November 11, 2015How many members of the 2015-16 Blue Devils will join these guys in the professional ranks next year?last_img read more

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South Korea fines BMW 10 million over several engine fires

first_imgSEOUL, Korea, Republic Of — South Korea says it will fine BMW 11.2 billion won ($9.9 million) and file a criminal complaint against the company with state prosecutors over an allegedly botched response to dozens of engine fires reported in the country.South Korea’s Transport Ministry said Monday its investigation panel after a five-month review concluded that the German automaker deliberately tried to cover up technical problems and moved too slowly to recall vehicles after around 40 of its cars caught fire earlier this year.BMW recalled some 172,000 vehicles in July and October over the fires it has blamed on a faulty exhaust gas component. The company said there had been no reports of injuries linked to the fires.BMW’s South Korean unit didn’t immediately comment on the ministry’s announcement.The Associated Presslast_img read more

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Doig River First Nations presents Kih tsaaʔdze Tribal Park to Council

first_imgFORT ST. JOHN, B.C. – At a recent City Council meeting, Doig River First Nations made a presentation to Council and requested a letter to be sent to the Pathway to Canada, Target 1 Challenge, to receive funding to for a four year work plan and establish their Tribal Park, K’ih tsaaʔdze (“kih-tsah-tsay”).Council carried the motion to write the requested letter in order for the Doig River First Nation to move forward and prepare their proposal for funding from the Pathway to Canada, Target 1 Challenge, part of Canada’s Nature fund.  By establishing the K’ih Tsaa?dze Tribal Park as an Indigenous Protected and Conserved area, the park will maintain the following; “Doig has been really good at inclusivity. We are all land users, this is our backyard. There has to be a balance between industry and enviroment,”Chief Trevor Makadhay said at the end of the presentation, “It is up to all of us to bring initiatives like this to a happy ending. If we do it all together, its something we can all be proud of together.”Mayor Lori Ackerman shared, through openness, transparency and accountability to your community you have been able to achieve that and I see that same approach with this project. 1. Maintain Doig River traditional and contemporary cultural uses2. Restore ecological integrity and biological diversity3. Maintain natural ecological integrity and biological diversityThe land in which the K’ih Tsaa? dse is located is rich with cultural significance to the Doig River First Nations. The land holds deep spiritual meaning as it has been a place of stories that tell about many births and deaths that have taken place there.Application to the Nature Fund and the potential of receiving funds would bring provinces, territories, Indigenous people, the private and non-profit sectors together to collaborate towards meeting the terrestrial elements of Target 1 of Canada’s 2020 Biodiversity Goals and Targets shares the Doig River First Nations.Target 1 states: “By 2020, at least 17 percent of terrestrial areas and inland water, and 10 percent of coastal and marine areas, are conserved through networks of protected areas and other effective area-based conservation measures.”K’ih Tsaa?dze will be managed under an ecosystem-based conservation plan (EBCP), prepared by Doig River First Nation, and endorsed by the Provinces of BC and Alberta. The focus of the plan will be to protect, and/or where necessary, restore natural ecological and cultural integrity within K’ih Tsaa?dze.K’ih Tsaa?dze Tribal Park is made up of boreal forest, including wetlands, deciduous forests, mixed wood forests and coniferous forest which is home to a highly productive, biologically diverse boreal ecosystems, rare species and a natural habitat for boreal Caribou.The area which is located 40 kilometres northeast of Fort St. John, is 90,000-hectares of land straddling the B.C.-Alberta border.last_img read more

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AAP kickstarts Jansampark Abhiyaan in South Delhi

first_imgNEW DELHI: Aam Aamdi Party’s South Delhi Lok Sabha Candidate Raghav Chadha along with Kalkaji MLA Avtar Singh kickstarted the Mega Jansampark Abhiyaan in Kalkaji legislative assembly. With this campaign, the AAP seeks to carry out a door to door campaign educating people about how Delhi can attain full statehood and how the people of Delhi would benefit from its full statehood. An individual and personalized appeal for votes and support is also made during the visits. Also Read – After eight years, businessman arrested for kidnap & murderRaghav Chadha said, “It gets very hot in the month of May and with summer vacations, many families plan outstation trips but I urge you to exercise your democratic right and duty and cast your vote in the upcoming elections on May 12, 2019. You can leave for your grandmother’s place right after elections.” He said, “With this, we are reaching out to each and every voter in our constituency and engaging with their families and talking about the work done by Delhi government under the leadership of CM Arvind Kejriwal in the past 4 years. We are urging people to to cast their vote for AAP in the upcoming elections.”last_img read more

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201516 NBA Preview The Celtics Are Going To Be Good Again

We’re inaugurating our NBA player projection system, CARMELO, with 2015-16 season previews for every team in the league. Check out the teams we’ve already previewed here. Learn more about CARMELO here. CARMELO is bullish on Kelly Olynyk, the 7-foot Canadian with flowing hair. So are the Celtics when he doesn’t hesitate with his shot and emerges as a floor-stretching weapon. CARMELO is not kind to Amir Johnson, who is typically an advanced stats darling. The Celtics signed Johnson for two years at $24 million because they believe he’ll give their defense a boost with pure hustle and an ability to help protect the rim. The Celtics love Jae Crowder’s intangibles and believe they got much more than a $35 million Jud Buechler in re-signing Crowder to a long-term deal this summer. Nate Robinson as the top comp? Is CARMELO making height jokes? (Even better, the Celtics traded away Robinson in 2011 as a throw-in to the Jeff Green/Kendrick Perkins deal.) It’s interesting that projections suggest that Isaiah Thomas will maintain his 2014 offensive impact, but regress defensively. The Celtics did a good job of masking Thomas’s defensive deficiencies by often putting versatile, defensive-minded players around him. Thomas was the main reason for Boston’s second-half surge last season, and he is the straw that stirs the drink. Somehow the “Swedish Larry Bird” nickname for Jonas Jerebko sounds a lot cooler than “Swedish Scott Padgett.” Here’s what is in store for the key Celtics players in 2015-16 (you can find Boston’s entire roster — and every other NBA player — here):You had Celtics fans at James Harden, CARMELO (and Paul George isn’t a comp Boston fans will sneeze at, either). OK, so Marcus Smart’s encouraging projections probably aren’t enough for Ainge to call off the hunt for an elite talent, but Smart, the No. 6 pick in the 2014 draft, is clearly Boston’s best hope for a homegrown star. He’s already a defensive menace, the question is whether he can confidently run an NBA offense. Jared Sullinger must prove he’s capable of staying healthy in what amounts to a contract year. The Boston Celtics didn’t just bring back 10 players from a second-half hot streak, they also added veteran big men David Lee and Amir Johnson to their roster. You’d have to be chugging the green Kool-Aid to expect Boston to maintain its second-half pace — the Celtics’ 24 wins in 36 games would put them at 55 wins (?!) on the season — but most fans do expect them to take another step forward after a 40-win season. For the first time in his brief NBA career, coach Brad Stevens will endure the burden of expectations, and that will start with getting this team back to the playoffs. Until GM Danny Ainge starts using the team’s surplus of future draft picks, Stevens will have to get there without an obvious superstar at the helm of his roster.Even without that superstar, FiveThirtyEight’s CARMELO1Career-Arc Regression Model Estimator with Local Optimization. expects the Celtics to go 48-34. The Knicks signed top comp Robin Lopez to a four-year, $54 million contract this summer, so maybe Boston ought to consider a reasonable extension with Tyler Zeller before the end of October if he fits the team’s future plans. read more

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