Recession has taken a bite out of Hydro’s profits and net

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For example, the 2011 OM expenses were originally forecast to be $380 million, but is now at $398 million, Warden testified. Recession has taken a bite out of Hydro’s profits and net income as power demand is now lower. Hydro forecasts income will jump to $292 million by 2019 20 as new export contracts kick in..

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