It has only been a few months since the NDP formed government in Manitoba and already they seem to be interfering in the operations of Manitoba Hydro, the province s largest and most important crown corporation.
Manitoba Hydro releases 2020-21 Annual Report showing consolidated net income of $119 million mysteinbach.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mysteinbach.ca Daily Mail and Mail on Sunday newspapers.
WINNIPEG Manitoba Hydro is looking for a potential rate hike come the fall. During a legislative committee meeting Tuesday morning, Manitoba Hydro President and CEO Jay Grewal revealed the Crown Corporation is looking for a 3.5 per cent rate increase to take effect Oct. 1, 2021. The rate increase that we presented will allow Manitoba Hydro over the longer term to move towards being able to start to generate net income to be able to pay down its debt and to get closer to achieving that 75-25 debt-equity target, she told the Standing Committee on Crown Corporations. Grewal said Hydro believes the assumed rate hike – which has not been approved – is required.