Profits up.Great Lakes Great Lakes, group of five freshwater lakes, central North America, creating a natural border between the United States and Canada and forming the largest body of freshwater in the world, with a combined surface area of c.95,000 sq mi (246,050 sq km). Power Ltd., which supplies electricity to Sault Ste. Marie Sault Sainte Marie — pronounced "Soo Saint Marie" (IPA /su seɪnt məˈɹi/) — is the name of two cities on the Saint Marys River, which forms part of the boundary between the United States and Canada. and much of Algoma, recorded a net income of $116 million in 2000, a $3-million profit increase over the year before. Power generation for 2000 jumped 27 per cent to 4,581 gigawatt gig·a·watt n. Abbr. GW One billion (109) watts. (GWh) hours from 3,604 GWh in 1999, the company reports. That increase is largely due to the acquisition of the Maclaren Energy hydroelectric system in western Quebec in late 1999. Work continues on the company's $500-million capital investment plan, which is part of the company's strategic plan to double power operating earnings Operating Earnings Profits after subtracting expenses such as marketing, cost of goods sold, administration and general operating costs from revenue. Notes: Tax and interest expenses are not subtracted - operating earnings are synonymous with EBIT (earnings before by 2005. In Sault Ste. Marie and Sault, Michigan, planning continues for the $25-million construction of a 230-kilovolt transmission interconnection to link the company's generating stations in Ontario with the neighbouring power grid in Michigan. Great Lakes Power Ltd. generates, transmits and distributes electricity in Northern Ontario Northern Ontario is the part of the province of Ontario which lies north of Lake Huron (including Georgian Bay), the French River and Lake Nipissing. Northern Ontario has a land area of 802,000 km² (310,000 mi²) and constitutes 87% of the land area of Ontario, although it and western Quebec. |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion