Manitoba Hydro has a long history of development and innovation, combined with political controversy and, in the case of First Nation communities, outright exploitation and abuse. But, as this report demonstrates, it would be wrong to suggest that the utility is not changing, or that it has not learnt from past mistakes.
It would also be a mistake to judge the corporation on narrow economic parameters alone, such as debt levels or the price of fracked gas, at a particular point of time. Such information is of course useful, and can help guide decision making, but a longer, deeper perspective is needed to get an accurate picture of the utility and its net contribution to the province.
Download full report above.