May 5 (Reuters) - TransCanada Corp’s quarterly profit more than doubled, as Canada’s No. 2 pipeline operator incurred lower charges.
The company’s net profit attributable to shareholders rose to C$643 million ($467 million), or 74 Canadian cents per share, in the first quarter ended March 31 from C$252 million, or 36 Canadian cents per share, a year earlier.
The latest quarter included about C$48 million in charges, mainly related to the acquisition of Columbia Pipeline Group. The year-ago quarter included charges of about C$211 million, mainly related to the termination of Alberta power purchase agreements.
Revenue rose 35.5 percent to C$3.39 billion. ($1 = 1.3775 Canadian dollars) (Reporting by Arathy S Nair in Bengaluru; Editing by Supriya Kurane)