Manitoba Hydro is asking the provincial regulator, the Public Utilities Board, to approve electricity rate increases of 3.5 per cent in each of the next two years. It also warns that it will likely need rate hikes above the rate of inflation in the future if it is to meet government debt-reduction targets. "These proposed increases will help ensure Manitoba Hydro has the financial resources available to handle the risks created by our $24-billion debt load and factors that are out of our control like fluctuating interest rates, export market prices and water levels," Jay Grewal, president and CEO of the Crown-owned utility, said in a press release Wednesday.
Rate increases proposed to deal with water, sewer infrastructure backlog Author of the article:
Sarnia is going to spend a lot of money replacing water and sewer assets over the next 60 years, according to the latest projections from city staff. Building off a recent storm sewer infrastructure report that predicts hundreds of millions of dollars in replacement expenses cumulatively until around 2080, the story is about the same for water pipes and sewer system replacement costs, city officials recently reported to council.
Water, sewer rate hike recommended to help pay for $1.8B Winnipeg treatment plant upgrades
The City of Winnipeg's public service is recommending a combined 11.6 per cent increase to water and sewer rates over the next four years. A report to the city's water and waste committee says the main driver behind the recommended increase is providing funding for improvements to the city's North End sewage treatment facility and other sewage infrastructure projects. The city faces approximately $1.8 billion in costs to upgrade the treatment plant.