Manitoba Hydro released its annual report today showing a total consolidated net income of $119 million for the fiscal year ended March 31, 2021, an increase of $20 million compared to the previous year.
The Manitoba government will introduce legislative amendments this fall that would set interim rates for Manitoba Hydro and limit annual rate increases to 2.5 per cent for 2021, 2022 and 2023.
Financial information submitted by Manitoba Hydro to the Public Utilities Board demonstrates there has not been a substantial change in Manitoba Hydro’s financial circumstances since the last General Rate Application in 2017-18.
The first unit at the Keeyask Generating Station went into commercial service this past week, adding another source of clean, renewable electricity to Manitoba Hydro’s energy supply.
Manitoba Hydro announced that the reorganization of its subsidiary Manitoba Hydro International (MHI). The reorganization follows an independent review of MHI operations and helps ensure the subsidiary’s business aligns with Strategy 2040, Manitoba Hydro’s long-term strategic plan – developed to enhance the focus on the utility’s core business of delivering clean, affordable and reliable energy to Manitobans.
With abundant green, clean, renewable hydropower, Manitoba is poised to lead the country under proposed federal legislation to reduce greenhouse gas (GHG) emissions as part of the fight against climate change.
In light of ongoing media speculation regarding the future of Manitoba Hydro International, Manitoba Hydro reiterated that no decisions have been taken regarding the future of its wholly owned subsidiary.
Manitoba Hydro released its annual report showing a total consolidated net income of $99 million for the fiscal year ended March 31, 2020, $22 million below the budgeted net income of $121 million, and also down $22 million from the previous year’s net income.
After 60 years of operation and with abundant renewable hydro-electric power, Manitoba Hydro’s thermal Selkirk Generating Station is being taken out of service.
Aggressive scammers continue to target Manitoba Hydro customers throughout the province, threatening to shut off their power unless immediate payment is made.
