While Hydro One's quarterly revenue is up $150 million from the same month last year, their net earnings are not reflective of this increase as its down significantly from the same quarter last year due to poor cost management.
That mismanagement is now wonder why Hydro One shares have plummeted signficantly from its record high of $31.00 a share to just over $26.70 per share.
If the trend continues, Hydro One will be way behind other publicly traded utilities like Emera and Fortis.
Now is the time for the Ontarian Government to fire all Hydro One executives and replace them with thoses whom have proven track records for success.
At the end of the day, when Hydro One's revenue increased $150 million from the same quarter last year, but their same quarter last year net income drops $50 million, which doesn't make intuitive sense according to the Law of Accounting, you know that something is wrong.