Winnipeg Free Press By: Carol Sanders | Posted: 7:00 PM CDT Tuesday, Jun. 29, 2021
Last Modified: 8:13 PM CDT Tuesday, Jun. 29, 2021 | Updates Save to Read Later
Manitoba Hydro is seeking its second electricity rate increase in a year without approval from the Public Utilities Board.
Manitoba Hydro is seeking its second electricity rate increase in a year without approval from the Public Utilities Board.
Jay Grewal, president and chief executive officer of the publicly-owned utility, divulged a planned Oct. 1 rate hike Tuesday morning, while appearing virtually before the Crown Services committee.
She said the assumed increase this fall is baked into its profit projection for this fiscal year, and was presented to Treasury Board in August 2020.
WINNIPEG Manitoba Hydro is looking for a potential rate hike come the fall. During a legislative committee meeting Tuesday morning, Manitoba Hydro President and CEO Jay Grewal revealed the Crown Corporation is looking for a 3.5 per cent rate increase to take effect Oct. 1, 2021. The rate increase that we presented will allow Manitoba Hydro over the longer term to move towards being able to start to generate net income to be able to pay down its debt and to get closer to achieving that 75-25 debt-equity target, she told the Standing Committee on Crown Corporations. Grewal said Hydro believes the assumed rate hike – which has not been approved – is required.
WINNIPEG If things go according to plan, Manitoba drivers could be receiving a rebate cheque early next year thanks to Manitoba Public Insurance (MPI). MPI announced Monday that it has filed its rate application to the Public Utilities Board (PUB) and it has requested a rate decrease of 2.8 per cent. MPI said the application includes the removal of the Capital Release provision that has given a five per cent discount as part of the rate. With the provision being removed, MPI said a separate application would be filed to request a rebate of $155 million. The reduction in rate is really due to responsible management for finances, said Eric Herbelin, who is the president and CEO of MPI.
Winnipeg Free Press By: Carol Sanders | Posted: 7:00 PM CDT Monday, Jun. 28, 2021 Save to Read Later
For the third year in a row, Manitoba Public Insurance wants to lower premiums and, for the third time in the COVID-19 pandemic, it wants to send customers a rebate cheque.
For the third year in a row, Manitoba Public Insurance wants to lower premiums and, for the third time in the COVID-19 pandemic, it wants to send customers a rebate cheque.
On Monday, the Crown corporation filed a general rate application with the Public Utilities Board, for an average rate decrease of 2.8 per cent next year.
Winnipeg Free Press By: Dan Lett | Posted: 7:00 PM CDT Monday, Jun. 28, 2021
Opinion
And the noose gets just a little tighter for Manitoba Hydro and the Progressive Conservative government.
And the noose gets just a little tighter for Manitoba Hydro and the Progressive Conservative government.
For weeks now, Hydro has defied attempts by the Public Utilities Board to reveal its true financial status. That information appears to be hidden from public view at the direction of the PC government, which is in the process of passing legislation to gut the independent rate setting regime in favour of one that allows cabinet to set electricity rates by decree.