Fiscal 2026 to 2028 General Rate Application

Download the complete Fiscal 2026 to 2028 General Rate Application (Application and Appendices) (PDF, 176.7 MB)

• Cover Letter – dated March 28, 2025 (PDF, 249 KB)
• Cover Letter – dated May 9, 2025 (PDF, 65 KB)
• Cover Letter – dated July 10, 2025 (PDF, 239 KB)
• Cover Letter – dated August 27, 2025 (PDF, 162 KB)
• Tab 1 – Approvals & Introduction (PDF, 287 KB)
  • Appendix 1.1 – Redaction Criteria for Manitoba Hydro’s Fiscal 2026 to 2028 GRA (PDF, 160 KB)
• Tab 2 – Strategy & Reasons for the Proposed Rate Increase (PDF, 1.46 MB)
• Tab 3 – Financial Forecast (PDF, 1.37 MB)
  • Appendix 3.1 – 20 Year Electric Operations Financial Forecast (PDF, 336 KB)
  • Appendix 3.2 – Uncertainty Analysis (PDF, 1.0 MB)
  • Appendix 3.3 – Export Market Conditions (PDF, 922 KB)
  • Appendix 3.4 – Regulatory Deferrals (PDF, 431 KB)
  • Appendix 3.5 – Sensitivity Analysis Key Financial Metrics (PDF, 313 KB)
  • Appendix 3.6 – Debt Management Strategy (PDF, 710 KB)
• Tab 4 – Energy Demand & Supply Assumptions (PDF, 2.0 MB)
  • Appendix 4.1 – 2024 Electric Load Forecast (PDF, 4.5 MB)
  • Appendix 4.2 – Load Research Report 2022/23 (PDF, 7.27 MB)
  • Appendix 4.3 – 2024 Proxy Development Plan Tables (PDF, 254 KB)
  • Appendix 4.4 – Overview of Energy Operations Since 2023/24 & 2024/25 GRA (PDF, 356 KB)
• Tab 5 – Operating & Administrative Expenses (PDF, 969 KB)
• Tab 6 – Asset Management & Capital Forecast (PDF, 1.11 MB)
  • Appendix 6.1 – Strategic Asset Management Plan (PDF, 14.22 MB)
  • Appendix 6.2 – Asset Management Plan (PDF, 24.41 MB)
  • Appendix 6.3 – AMCL Asset Management Maturity Assessment (PDF, 3.9 MB)
  • Appendix 6.4 – Capital Expenditure Plan (PDF, 9.7 MB)
• Tab 7 – Cost of Service, Proposed Rates & Customer Bill Impacts (PDF, 911 KB)
  • Appendix 7.1 – 2026 Prospective Cost of Service Study (PDF, 1.98 MB)
  • Appendix 7.2 – 2026 Prospective Cost of Service Study Allocation Program (PDF, 2.1 MB)
  • Appendix 7.3 – Discussion of GSL 0-30 kV Class (PDF, 297 KB)
  • Appendix 7.4 – Proposed Rate Schedules January 1, 2026 (PDF, 1.35 MB)
  • Appendix 7.5 – Proposed Rate Schedules January 1, 2027 (PDF, 2.37 MB)
  • Appendix 7.6 – Proposed Rate Schedules January 1, 2028 (PDF, 1.35 MB)
  • Appendix 7.7 – 2026 Proof of Revenue (PDF, 1.04 MB)
  • Appendix 7.8 – 2027 Proof of Revenue (PDF, 1.18 MB)
  • Appendix 7.9 – 2028 Proof of Revenue (PDF, 943 KB)
  • Appendix 7.10 – Bill Impacts January 1, 2026 (PDF, 963 KB)
  • Appendix 7.11 – Bill Impacts January 1, 2027 (PDF, 963 KB)
  • Appendix 7.12 – Bill Impacts January 1, 2028 (PDF, 963 KB)
  • Appendix 7.13 – Curtailable Rate Program Terms & Conditions (PDF, 1.16 MB)
  • Appendix 7.14 – Curtailable Rate Program Terms & Conditions (red-lined version) (PDF, 1.3 MB)
  • Appendix 7.15 – Curtailable Rate Program Annual Reports (PDF, 1.16 MB)
  • Appendix 7.16 – Surplus Energy Program Annual Reports (PDF, 6.04 MB)
• Tab 8 – Responses to PUB Directives & Confirmation of Interim Orders (PDF, 520 KB)
  • Appendix 8.1 – Interim Electric Orders Table (PDF, 256 KB)
  • Appendix 8.2 – Correspondence from PUB Orders/Directives (PDF, 12.1 MB)
• Tab 9 – Responses to PUB Minimum Filing Requirements (PDF, 17.49 MB)
  • MFR 1 – Attachment 1, 2 & 3 (PDF, 5.3 MB)
  • MFR 9 – Attachment 1 (PDF, 5.27 MB)
  • MFR 14 – Attachment 1 & 2 (PDF, 28.3 MB)
  • MFR 58 – Attachment 1 (PDF, 13.75 MB)
  • MFR 66 – Attachment 1 (PDF, 1.77 MB)
  • MFR 67 – Attachment 1 (PDF, 2.35 MB)
  • MFR 74 – Attachment 1 (PDF, 2.42 MB)
  • MFR 82 – Attachment 1 (PDF, 4.3 MB)
  • MFR 82 – Attachment 2 (PDF, 3.99 MB)
  • MFR 82 – Attachment 3 (PDF, 21.13 MB)
• Public Notice for Manitoba Hydro’s Fiscal 2025 to 2028 General Rate Application (PDF, 126 KB)

Information requests

Round 1

• Public Utilities Board (PUB) (PDF, 38.37 MB)
  • PUB/MH I-70f-l (PDF, 3.41 MB)
  • PUB/MH I-33a-e (Updated) (PDF, 9.7 MB)
• Assembly of Manitoba Chiefs (AMC) (PDF, 15.82 MB)
• Consumers Coalition (Manitoba Branch of the Consumers’ Association of Canada, Harvest Manitoba, Aboriginal Council of Winnipeg, Manitoba Seniors Equity Action Coalition) (Coalition) (PDF, 43.09 MB)
  • COALITION/MH I-31a-c (PDF, 1.79 MB)
  • COALITION/MH I-37 (PDF, 2.24 MB)
  • COALITION/MH I-65a (PDF, 2 MB)
  • COALITION/MH I-66a-c (PDF, 4.36 MB)
  • COALITION/MH I-67 (PDF, 2.76 MB)
  • COALITION/MH I-73a-g (PDF, 4.68 MB)
  • COALITION/MH I-143a-b (PDF, 7.50 MB)
  • COALITION/MH I-146a-h (PDF, 7.85 MB)
• General Service Small and General Service Medium Customer Classes (GSS/GSM) (PDF, 16.93 MB)
  • GSS-GSM/MH I-7 (PDF, 3.95 MB)
• The Manitoba Eco-Network and Environmental Defence Canada (MEED) (PDF, 14.48 MB)
• Manitoba Industrial Power Users Group (MIPUG) (PDF, 17.18 MB)
  • MIPUG/MH I-23a (PDF, 22.22 MB)
  • MIPUG/MH I-43a (PDF, 2.13 MB)
• Manitoba Keewatinowi Okimakanak Inc. (MKO) (PDF, 14.16 MB)
  • MKO/MH I-11a-c (PDF, 6.78 MB)

Round 2

• Public Utilities Board (PUB) (PDF, 19.88 MB)
  • PUB/MH II-2a (PDF, 2.8 MB)
  • PUB/MH II-32a-d (PDF, 7.04 MB)
• Assembly of Manitoba Chiefs (AMC) (PDF, 12.22 MB)
• Consumers Coalition (Manitoba Branch of the Consumers’ Association of Canada, Harvest Manitoba, Aboriginal Council of Winnipeg, Manitoba Seniors Equity Action Coalition) (Coalition) (PDF, 29.68 MB)
  • COALITION/MH II-26a-c (PDF, 1.17 MB)
• General Service Small and General Service Medium Customer Classes (GSS/GSM) (PDF, 16.12 MB)
• The Manitoba Eco-Network and Environmental Defence Canada (MEED) (PDF, 9.97 MB)
• Manitoba Industrial Power Users Group (MIPUG) (PDF, 14.86 MB)
• Manitoba Keewatinowi Okimakanak Inc. (MKO) (PDF, 9.14 MB)

Rebuttal evidence

• Cover Letter – dated October 30, 2025 (PDF, 259 KB)
• Rebuttal Evidence of Manitoba Hydro: Volume 1 – Introduction & Strategy (PDF, 381 KB)
• Rebuttal Evidence of Manitoba Hydro: Volume 2 – Revenue Requirement (PDF, 3.76 MB)
• Rebuttal Evidence of Manitoba Hydro: Volume 3 – Asset Management & Capital (PDF, 2.52 MB)
• Rebuttal Evidence of Manitoba Hydro: Volume 4 – Customer, Cost of Service & Rates (PDF, 2.71 MB)

Final argument

• Cover Letter – dated December 15, 2025 (PDF, 275 KB)
• Written Final Argument of Manitoba Hydro: Volume 1 – Introduction and Approvals Requested (PDF, 691 KB)
• Written Final Argument of Manitoba Hydro: Volume 2 – Revenue Requirement (PDF, 1.8 MB)
• Written Final Argument of Manitoba Hydro: Volume 3 – Asset Management & Capital (PDF, 1.8 MB)
• Written Final Argument of Manitoba Hydro: Volume 4 – Customer, Cost of Service & Rates (PDF, 1.6 MB)

Reply

• Cover Letter – dated December 22, 2025 (PDF, 269 KB)
• Written Reply of Manitoba Hydro – Dated December 22, 2025 (PDF, 320 KB)

Compliance Filing

• Compliance Filing Pursuant to Order 43/26 (PDF, 2 MB)