crown utility

Manitoba Hydro says it needs 3.5% rate hikes in next 2 years to manage risks from debt, water levels

Manitoba Hydro says it needs 3.5% rate hikes in next 2 years to manage risks from debt, water levels

Manitoba Hydro is asking the provincial regulator, the Public Utilities Board, to approve electricity rate increases of 3.5 per cent in each of the next two years. It also warns that it will likely need rate hikes above the rate of inflation in the future if it is to meet government debt-reduction targets. "These proposed increases will help ensure Manitoba Hydro has the financial resources available to handle the risks created by our $24-billion debt load and factors that are out of our control like fluctuating interest rates, export market prices and water levels," Jay Grewal, president and CEO of the Crown-owned utility, said in a press release Wednesday.

B.C. Hydro looks to protect fish as drought leaves some reservoirs at record-low levels

B.C. Hydro looks to protect fish as drought leaves some reservoirs at record-low levels

B.C. Hydro says drought conditions in the province have left some of its reservoirs at or near record-low levels. While there is enough water at its larger facilities to meet the demand for power, the Crown utility says it has had to adapt to the impacts of climate change to keep fish alive downstream. Spokesperson Mora Scott says B.C. Hydro has held back water in its reservoirs in anticipation of a possible drought. "We have known that this can potentially be a problem for months, so we have been conserving water where we can so that we make sure that we're controlling that release of water, so that we don't see situations where we have rivers drying up and fish that are being killed," Scott said.