Manitoba government axes hydro rate-setting authority legislation winnipegfreepress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from winnipegfreepress.com Daily Mail and Mail on Sunday newspapers.
Manitoba’s Public Utilities Board has ordered a public review of Manitoba Hydro's financial state to determine whether its rates are reasonable and fair to customers.
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Try refreshing your browser. Hydro rates to increase 2.5% annually for next three years Back to video
Finance Minister Scott Fielding and Crown Services Minister Jeff Wharton announced the fixed-rate increase will be an amendment to controversial Bill 35 (The Public Utilities and Ratepayer Protection and Regulatory Reform Act) in the fall and will be set in the interim of a new regulatory process through the Public Utilities Board which will set out five-year rate increases.
The 2.5% increase will be the lowest increase in a decade.
“Our government is working to strike an appropriate balance to protect Manitoba ratepayers as we recover post-pandemic and to ensure Hydro is able to meet its financial obligations created by the previous government’s risky decisions,” said Fielding.