Thursday , September 29 2022

Tories, NDP point fingers such as Hydro apply for a latest rate hike



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Premier Brian Pallister said the latest Hydro Manitoba bid to increase consumer electricity rates showed the severity of its financial projection.

"The NDP raised a large big hole for Hydro, and they're a bit of anxiety, are they not?" says corporation on the Crown Day.

On Friday, Manitoba Hydro filed an application with the Public Utility Board for a hike rate 3.6, effective April 1, with a 3.5 per cent increase in June 1.

"I'm worried … about the impact of higher hydro rates on Manitobans, obviously," said Pallister to reporters after the question period. The increase as interest rates continue to climb to consumers, he noted.

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Premier Brian Pallister said the latest Hydro Manitoba bid to increase consumer electricity rates showed the severity of its financial projection.

"The NDP raised a large big hole for Hydro, and they're a bit of anxiety, are they not?" says corporation on the Crown Day.

On Friday, Manitoba Hydro filed an application with the Public Utility Board for a hike rate 3.6, effective April 1, with a 3.5 per cent increase in June 1.

"I'm worried … about the impact of higher hydro rates on Manitobans, obviously," said Pallister to reporters after the question period. The increase as interest rates continue to climb to consumers, he noted.

Pallister said it was important to note that the Hydro rate hike application will be heard from an independent, arm length (via PUB) process designed to protect Manitobans.

Prior to its increase of 3.6 per cent this spring, the corporation had requested an increase of 7.9 per cent. He argued that he would also need a similar increase for another five years thereafter. However, on Friday, Hydro dropped his expectations when he asked roughly the same increase that he had received earlier in the year.

Wab Kinew NDP Leader blamed the application for the latest rate on Pallister and his government, saying they seemed to have approved the utility appetite to pay his large debt, which has risen due to the construction of a dam and a recent transfer line, faster than needed.

"You can imagine what would happen to your mortgage payment if you decided to pay it back within half the time. Obviously, those charges would rise," said Kinew.

The Growing Conservatives "continued to be drivers for this rapid rate increase."

Liberal Leader Dougald Lamont also said that the government could do more to keep water rates low.

He refuted his argument from Lamont that the government dropped too much money from Hydro in fees, which is the total of hundreds of millions annually. He said that the government is currently able to take more debt than Hydro.

If the government collected less money from Hydro – at least until it was removing a particularly bad body over the next few years – the corporation will be on a stronger financial base, says Lamont.

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Larry Kusch

Larry Kusch
Legislative Reporter

Larry Kusch did not know what he wanted to do with his life until he attended a secondary school newspaper editor's workshop in Regina during the summer of 1969 and listened to a university student speaking glow about the journalism program at Carleton University. Ottawa.

Read the full biography

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