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September 1, 2023
- On August 24, 2023, the Public Utilities Board of Manitoba (PUB) issued Order 101/23 with respect to Manitoba Hydro’s 2023/24 & 2024/25 General Rate Application, approving an overall average revenue increase of 1% effective September 1, 2023, and a further overall average increase of 1% that comes into effect on April 1, 2024.
www.hydro.mb.ca/corporate/regulatory-affairs/electric/
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On December 24, 2021 the PUB released its decision approving a 3.6% interim average rate increase to Manitoba Hydro’s electricity customers effective January 1, 2022. Manitoba Hydro had requested a 5% increase from the independent regulator to address the impact of the ongoing drought on Manitoba Hydro’s finances in the 2021-22 fiscal year.
Dec 24, 2021 · The Public Utilities Board approved a 3.6% interim hydro rate increase that will go into effect on January 1st, 2022. Manitoba Hydro was initially requesting a 5% increase. The interim 3.6%...
- Costs of Major Capital Projects
- Keeyask In-Service Deferral Account
- 4.0 Interveners’ Positions
- Manitoba Keewatinowi Okimakanak (“MKO”)
Manitoba Hydro’s recent capital investments have resulted in a significant portion of its annual revenue requirement, to be paid by ratepayers, being made up of carrying costs as well as the operating and maintenance costs of the assets that are utilized to provide service to customers. While assets are under construction, the capital expenditure...
Manitoba Hydro sought to introduce a Keeyask In-Service Deferral Account in order to maintain its prior accounting practice with respect to the timing of the recognition of costs related to its hydroelectric generating stations under construction. Now that Manitoba Hydro has adopted International Financial Reporting Standards, it states that the Ke...
A brief summary of the rate increase recommendations by Interveners includes:
MKO recommends that no rate increase be approved for residential customers – which now includes the former First Nations On-Reserve Residential customer class members. Because the proposed rate increases are not just and reasonable for a portion of residential customers, no rate increase should be approved for the entire Residential customer class....
Manitoba Hydro filed its 2021–22 Interim Rate Application with the Public Utilities Board (PUB) yesterday requesting an overall average five per cent electricity rate increase, effective Jan. 1, 2022.
• Final approval of Orders 137/21 and 140/21, which approved, on an interim basis, a 3.6% rate increase effective January 1, 2022 (Tab 1 – Item 1); • Approval of rate schedules incorporating an overall increase in General Consumers Revenue of 2.0% effective September 1, 2023, sufficient to generate additional revenues of $24 million in ...
2. The interim rate increases approved in this Order will remain in effect only until November 15, 2022 unless Manitoba Hydro has filed a General Rate Application seeking rates for 2022/23 and to confirm the 2021/22 interim rate increases by that date.
