Manitoba Hydro announces reorganization of subsidiary MHI
Corwyn Friesen, mySteinbach
Posted on 02/17/2021 at 9:00 am
Manitoba Hydro announced that the reorganization of its subsidiary Manitoba Hydro International (MHI). The reorganization follows an independent review of MHI operations and helps ensure the subsidiary’s business aligns with Strategy 2040, Manitoba Hydro’s long-term strategic plan – developed to enhance the focus on the utility’s core business of delivering clean, affordable and reliable energy to Manitobans.
The comprehensive review determined that MHI was operating in higher-risk international countries that exposed Manitoba customers to potential liabilities, including security risks for employees and financial risks. It was also identified Manitoba Hydro customers effectively subsidized MHI through MHI’s use of Manitoba Hydro assets.