US EditionManitoba Hydro seeks yearly 3.5-per-cent rate hike
- Manitoba Hydro seeks a yearly rate increase of 3.5 percent, totaling nearly 11 percent over three years, to upgrade infrastructure and manage debt challenges.
- The company plans to spend $31 billion over 20 years to improve reliability and expand electricity generation capacity.
- Hydro reported carrying $24.6 billion in debt, influenced by drought and low water over the past two years, which affects its decision for rate hikes.
- NDP spokesperson Amy Tuckett-McGimpsey stated that the proposed hikes balance affordability with investments in Hydro for future economic growth.
27 Articles
27 Articles
The Hamilton Spectator
Manitoba electricity rates could rise 10.9 per cent over three years
WINNIPEG - Manitoba residents could see their electricity rates rise by 3.5 per cent in each of the next three years if an application by Manitoba Hydro is approved.
Winnipeg Sun
Portage Daily GraphicManitoba Hydro seeks nearly 11% electricity rate hike
Manitoba Hydro has filed a request with the Public Utilities Board (PUB) to increase electricity rates by 10.9% over three years, beginning in 2026. The Crown corporation is proposing annual rate hikes of 3.5% to address aging infrastructure, rising debt, and future power generation demands.
Manitoba Hydro proposes electricity rate hike of nearly 11% over 3 years
Manitoba Hydro is seeking permission to raise electricity rates by nearly 11 per cent over the next three years in order to fix aging infrastructure, increase generating capacity and mitigate the effects of drought and debt.
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