FORTIS INC. $31- Toronto symbol FTS

FORTIS INC. $31 (www.fortis.com) recently completed its purchase of CH Energy, which distributes power in New York State. If you exclude costs related to this purchase and other unusual items, Fortis’s earnings fell 11.1% in the second quarter of 2013, to $0.32 a share from $0.36. Hold.

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