Power purchase agreement extension with Xcel Energy

We have enhanced and extended by 10 years a significant power purchase agreement worth close to $3 billion.

Under the agreement, Northern States Power (part of Xcel Energy) will purchase between 375 and 500 megawatts of power from Manitoba Hydro. The 2 corporations have had a series of power sales agreements over the years, dating back to the early 1970s.

The renewed power sale starts in 2015 and will extend contracts through 2025.

For more details, see the Province of Manitoba news release.