Winnipeg Free Press By: Dan Lett | Posted: 7:00 PM CDT Thursday, Jul. 8, 2021
Opinion
The Manitoba Hydro pig has been back to the salon for a whole new shade of lipstick.
The Manitoba Hydro pig has been back to the salon for a whole new shade of lipstick.
Subject to months of increasingly shrill criticism, the Progressive Conservative government has unveiled new political spin on Bill 35, the controversial proposed law that re-invents the process of setting annual electricity rate increases.
A coalition, which includes consumers groups and the province s biggest industrial power users, is united in its condemnation of Bill 35, portraying it as a dangerous and needless disembowelling of the Public Utilities Board that will ultimately push the cost of electricity in Manitoba to historic heights.
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Winnipeg Free Press By: Carol Sanders | Posted: 7:00 PM CDT Tuesday, Jun. 29, 2021
Last Modified: 8:13 PM CDT Tuesday, Jun. 29, 2021 | Updates Save to Read Later
Manitoba Hydro is seeking its second electricity rate increase in a year without approval from the Public Utilities Board.
Manitoba Hydro is seeking its second electricity rate increase in a year without approval from the Public Utilities Board.
Jay Grewal, president and chief executive officer of the publicly-owned utility, divulged a planned Oct. 1 rate hike Tuesday morning, while appearing virtually before the Crown Services committee.
She said the assumed increase this fall is baked into its profit projection for this fiscal year, and was presented to Treasury Board in August 2020.
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.
Winnipeg Free Press By: Dan Lett | Posted: 7:00 PM CDT Monday, Jun. 28, 2021
Opinion
And the noose gets just a little tighter for Manitoba Hydro and the Progressive Conservative government.
And the noose gets just a little tighter for Manitoba Hydro and the Progressive Conservative government.
For weeks now, Hydro has defied attempts by the Public Utilities Board to reveal its true financial status. That information appears to be hidden from public view at the direction of the PC government, which is in the process of passing legislation to gut the independent rate setting regime in favour of one that allows cabinet to set electricity rates by decree.