Manitoba Hydro Posts Net Loss of $466 Million
Manitoba Hydro reported a net loss of $446 million in its 2025-2026 fiscal year, $383 million more than the previous year, while its total debt rose to nearly $27 billion The Crown corporation released its annual report on Sept. 29. The report said the loss was primarily caused by severe drought conditions, which reduced hydroelectric [...]
TL;DR
- Manitoba Hydro reported a net loss of $446 million for the 2025-2026 fiscal year.
- The net loss was $383 million higher than the previous year.
- Total debt for the Crown corporation increased to nearly $27 billion.
- Severe drought conditions reduced hydroelectric generation.
- Increased reliance on imported power at higher market prices contributed to the loss.
- Consolidated fuel and purchased-power expenses rose to $529 million from $240 million.
- Wildfire-related operating and capital costs amounted to approximately $52 million.