News - Manitoba Hydro

The Public Utilities Board (Board) varied Manitoba Hydro’s request for an interim 5 per cent increase in General Consumers revenue and approved a 3.6 per cent interim increase in General Consumers Revenue, effective January 1, 2022.

Manitoba Hydro filed its 2021-22 Interim Rate Application with the Public Utilities Board (PUB) yesterday requesting an overall average five per cent electricity rate increase, effective Jan. 1, 2022. The Corporation was directed to file an application with the PUB following cancellation of Bill 35 and the associated electricity rate increase.

Manitoba Hydro released its second quarterly report for the first six months of the 2021-22 fiscal year today showing the utility forecasts an approximate $400 million reduction in net export revenues due to the ongoing drought.

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.