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The consolidated net income for the 2020-21 fiscal year was comprised of net income of $116 million in the electric segment, a net loss of $3 million in the natural gas segment, and net income of $6 million from other subsidiaries. Manitoba Hydro attributes the $20 million increase in net income primarily to higher extraprovincial revenues due ...
- Manitoba Hydro reorganizes subsidiary
There will be media availability for interviews today with...
- Manitoba Hydro reorganizes subsidiary
Manitoba Hydro. Hydro One Limited, through its subsidiaries, operates as an electricity transmission and distribution company in Ontario. It operates through three segments: Transmission Business, Distribution Business, and Other. The company owns and operates approximately 30,000 circuit kilometers (KMs) of high-voltage transmission lines and ...
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- Corporate Publications
- Annual Report 2022–23
- Environmental, Social, and Governance
- Financial
As a public, government-owned utility, we’re committed to transparency and accountability to all Manitobans. Our high-level corporate publications are issued monthly, quarterly, or annually and reflect how we do business in the province. Here you’ll find our annual and quarterly reports, our Environmental Social Governance report, and our annual En...
Corporate highlights
1 Includes all energized distribution lines rated < 100 kV. 2 Includes all energized transmission lines (AC or DC) rated ≥ 100 kV. 3See page 121 for definition of full-time employees. Back to top
Covering the fiscal year to March 31, 2023, our ESG report demonstrates how we, as an organization, conduct our relationships and our work with the utmost integrity, care, and respect for our customers and community. The report shares our employees’ achievements and the activities underway to protect our environment and address climate change, furt...
We issue reports on our operations and finances. 1. Manitoba HydroBonds & interest rates 2. Information memorandum
Feb 16, 2021 · There will be media availability for interviews today with Jay Grewal between 1 p.m. and 2:30 p.m. To arrange an interview, please contact: Bruce Owen – Media Relations Officer. 204-794-8270. bowen@hydro.mb.ca. Changes to Manitoba Hydro International better serves Manitobans.
Feb 17, 2021 · February 17, 2021 – Following an independent review of its subsidiary’s operations, Manitoba Hydro is reorganizing Manitoba Hydro International. “The reorganization will further strengthen our governance, oversight and public accountability that Manitobans expect and deserve,” said Marina R. James, Manitoba Hydro board chair.
Jul 30, 2024 · Manitoba Hydro International is a fully owned subsidiary of Manitoba Hydro that was incorporated in 1998 to provide utility consulting and technology solutions and products to international clients. In February 2021, a reorganization of Manitoba Hydro International included the decision to wind down MHI operations.
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The subsidiary was still making money, but their margins had shrunk considerably over the last four years. This is also the service that least aligned with Manitoba Hydro’s core operations. The reorganization of MHI is the second major move Hydro has made with its assets in recent months after selling off its 40% share in Teshmont on Oct. 1.
