May 1, 2008 / 11:16 AM / in 9 years

Fortis profit more than doubles on Terasen

TORONTO, May 1 (Reuters) - Canadian power producer Fortis Inc (FTS.TO) said on Thursday its first-quarter profit more than doubled, as the company benefited from the last year’s purchase of Terasen Inc.

The company earned C$91 million, or 55 Canadian cents a share in the period, up from C$42 million, or 35 Canadian cents a share in the same period a year earlier. ($1=$1.01 Canadian) (Reporting by Jonathan Spicer; Editing by Scott Anderson)

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