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  1. Part 1 — Amendments to The Manitoba Hydro Act. Electricity and gas rates. Currently, the Public Utilities Board (the "PUB") regulates electricity rates under Part 4 of The Crown Corporations Governance and Accountability Act and Manitoba Hydro's gas utility under The Public Utilities Board Act.

  2. Treaty One Territory, Manitoba – The Assembly of Manitoba Chiefs issues this statement in response to the Province of Manitoba tabling Bill 36 – The Manitoba Hydro Amendment and Public Utilities Board Amendment Act on Tuesday, March 22, 2022. Acting Grand Chief Eric Redhead states that “There has been no consultation with First Nations ...

  3. Issue: Bill 36 adds specific deadlines for paying off Manitoba Hydro’s debt that do not work. Bill 36 adds a new target for Manitoba Hydro to pay off its debt. The debt-to-capitalization ratio is a financial metric that measures the total debt of Hydro with the value of its assets (dams, transmission infrastructure, other buildings, and so on).

    • M. le ministre Friesen
    • EXPLANATORY NOTE
    • UTILITIES BOARD ACT
    • Annual reporting

    First Reading / Première lecture : Second Reading / Deuxième lecture : Committee / Comité : Concurrence and Third Reading / Approbation et troisième lecture : Royal Assent / Date de sanction :

    This Bill amends The Manitoba Hydro Act and The Public Utilities Board Act and makes related amendments to The Crown Corporations Governance and Accountability Act.

    The key changes are as follows. BOARD MEMBERS The maximum number of board members is set at 14. Selection of board appointments must be based on merit and the chair may recommend candidates for the appointment of the vice-chair and other members. FUNDING MODEL The current funding model of government appropriation, fees on regulated entities and app...

    39.3 Within five months after the end of each fiscal year that falls within a rate period, the corporation must file with the minister and the regulator a report consisting of a copy of the corporation's audited financial statements for that fiscal year and a copy of its budget for the current fiscal year; a comparison of its actual results for tha...

  4. Our annual report covers the corporate fiscal reporting year of April 1 to March 31 and is issued to the utility’s shareholders, the people of Manitoba. “Planning for a strong energy future”, our annual report for the fiscal year ended March 31, 2024. “Energy for Life”, our annual report for the fiscal year ended March 31, 2023 (PDF ...

  5. 2% increases in 2023/24 & 2024/25 (with 3.6% interim) have a significant effect on results over the forecast. Without the 2% increases in 2023/24 & 2024/25 both net income and the debt ratio are impacted In certain years forecasted net income is near break-even or is a o loss, and that’s assuming average conditions.

  6. Mar 25, 2022 · Acting Grand Chief Eric Redhead states that “There has been no consultation with First Nations leadership on Bill 36. If enacted, starting in 2025, this Bill will unduly limit the authority of the Public Utilities Board (PUB) to provide adequate oversight over Manitoba Hydro’s rates and will restrict rate reviews to only once every three ...

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