Manitoba Hydro said its potential debt may be paid for, in part, with money from customers pockets.
Last week, Hydro announced it was cutting 900 employees, or 15 per cent, of its workforce to help reduce its debt, which could reach $25 billion in the next few years.
However, the Manitoba Hydro-Electric Board said it still needs help from other places to balance the books.
A statement last Friday from the board said “double digit annual rate increases would be required for at least 5 years” to put Manitoba Hydro on a proper financial footing.
Thats if the company doesnt get an equity investment from the provincial government.
In an email statement, Premier Brian Pallister said the government is mon…
Read the full article at: http://winnipeg.ctvnews.ca/manitobans-may-be-forced-to-help-cover-hydro-s-debt-1.3277268
