dry summer conditions

Promised Manitoba Hydro rate freeze might be delayed as deficit at utility looms: minister

Promised Manitoba Hydro rate freeze might be delayed as deficit at utility looms: minister

Manitoba's new NDP government might push back a promise to freeze hydroelectric rates for one year. New numbers from Crown-owned Manitoba Hydro show the utility is now expecting a net loss this year instead of the profit it predicted in the spring. The utility blames, in part, dry summer conditions and lower levels of power-generating water. Finance Minister Adrien Sala says the government still intends to temporarily freeze hydroelectric rates, but it might happen later than had been promised during the election campaign.