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The Public Utilities Board (PUB) approved a 3.5% increase in Manitoba Hydro consumers’ billed rates effective May 1, 2013.
The major reasons for this rate increase are to address:
– Reduced revenues from export sales;
– Higher operating costs related to the Wuskwatim Generating Station;
– Higher Operation, Maintenance & Administration costs;
– Funding of capital expenditures undertaken to support the reliability of electrical service;
and
– Manitoba Hydro’s financial and credit rating integrity over the longer term.
The rate increase granted by this Order contains specific funds designated to be used to implement energy-saving programs.
