Crown-owned Manitoba Hydro seeks rate hikes in next two years
Last year, the utility posted a $248-million loss, due partly to low water levels that left less energy for export.
It is projecting this year a net income of $559 million due to higher water flows and higher prices on the export market.Manitoba Hydro is also dealing with a $24-billion debt load, due in part to large cost overruns in recent years on a major transmission line and generating station.
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