Manitoba Hydro is seeking permission from the province's energy regulator to increase electricity rates by 3.5 per cent annually for the next three years. The Crown corporation cites the need for billions of dollars in investment to address aging infrastructure, expand capacity, and recover from recent drought-related losses.
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.
The utility is applying to the Public Utilities Board — the province's energy regulator — for three rate hikes of 3.5 per cent each year, which is a cumulative total of close to 10.9 per cent. "The performance of Manitoba Hydro's current system is continuing to decline and increased levels of capital spending on sustainment of existing assets is needed to address this decline and ensure a reliable electrical system," the utility wrote in its application, filed Friday.
ENERGY RATE HIKE INFRASTRUCTURE MANITOBA HYDRO PUBLIC UTILITIES BOARD
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Manitoba cabinet to approve or deny power deals with the United StatesThe Manitoba government says it will now have to approve any major power agreements between Crown-owned Manitoba Hydro and utilities in the United States.
Read more »
Manitoba cabinet to approve or deny power deals with the United StatesWINNIPEG — The Manitoba government says it will now have to approve any major power agreements between Crown-owned Manitoba Hydro and utilities in the United States.
Read more »
Next PM should promise to raise GDP per capita 2% per year: chief economistOne chief economist says the next Prime Minister should pledge to be more accountable on improving economic outcomes for Canadians, floating gross domestic product (GPD) per capita as a measure of success.
Read more »
Toronto Hydro Warns of Surge in Power Disconnection Scams Targeting BusinessesToronto Hydro is alerting the public to a rise in fraud cases where scammers impersonate the company and threaten to disconnect power unless immediate payment is made. The company emphasizes that they never request payment via pre-paid cards or threaten immediate disconnection.
Read more »
Toronto Hydro warns of rise in fraud as scammers threaten to cut power without paymentToronto Hydro is warning of a rise in fraud cases after reports of scammers threatening they’d immediately disconnect someone’s power unless they got paid.
Read more »
'Relief': BC Hydro deal keeps lights on for threatened Cariboo power plantAtlantic Power — Williams Lake's biggest source of tax revenue — had threatened closure if deal not reached
Read more »