Electric Regulatory – What's New
Manitoba Hydro filed its General Rate Application dated November 30, 2009 with the Public Utilities Board, on December 1, 2009. Manitoba Hydro is applying for approval of rate schedules incorporating a 2.9% increase for all rate classes effective April 1, 2010 and a further 2.9% effective April 1, 2011. This application is made pursuant to The Crown Corporations Public Review and Accountability Act.
The requested rate increases seek to maintain a balance between customer sensitivity during the current economic downturn and prudent maintenance of the corporation's financial position. Manitoba Hydro's proposed rate increases are considerably lower than rate increases in other Canadian jurisdictions.
