Lower rate increase request due to Manitoba government’s decision to reduce what it collects from utility in annual payments.
Earlier today Manitoba Hydro advised the Public Utilities Board (PUB) it will update its multi-year General Rate Application (GRA) with the PUB and reduce its requested electricity rate.
Manitoba Hydro submitted its two-year General Rate Application (GRA) with the Public Utilities of Manitoba (PUB) yesterday, seeking an electricity rate increase of 3.5 per cent in each of the fiscal years 2023-24 and 2024-25.
Manitoba Hydro released its annual report today showing a total consolidated net loss of $248 million for the fiscal year ended March 31, 2022, compared to consolidated net income of $119 million the previous year.
In Pukatawagan, Manitoba Hydro energized two large industrial generators to bring power back to the community of while we work to replace 77 fire-damaged poles on the power line.
Manitoba Hydro is shipping two large industrial generators by rail to Pukatawagan to allow residents, evacuated in mid-July because of forest fires, to return home safely as work to replace about 80 fire-damaged poles begins.
Unifor Local 681 has advised that all Manitoba Hydro Unifor members across the province will commence strike action at 6:30 a.m. Friday, June 17. Unifor represents approximate 230 natural gas workers at Manitoba Hydro across the province.
For the third week in a row, Manitoba Hydro is warning residents and resource users along the Winnipeg River from Pointe du Bois to Sagkeeng First Nation of increased water flows due to extremely high precipitation in Northwest Ontario and Southern Manitoba this spring.
Manitoba Hydro urges Manitobans to be careful on and around the province’s rivers and lakes – especially near the utility’s generating stations – as unprecedented precipitation this spring has created record-high water flows and high water levels on some lakes.
Manitoba Hydro is requesting a 5% electricity rate increase due to the impact of the ongoing drought on the Corporation’s finances.