windfall

Hydro 'windfall' helps Manitoba shrink deficit by $346M, to less than half of spring projection

Hydro 'windfall' helps Manitoba shrink deficit by $346M, to less than half of spring projection

The unpredictable fluctuations of Manitoba Hydro's finances was a drain on Manitoba's books last year — but now appears to be benefiting the province to the tune of hundreds of millions of dollars. The government's finance officials are now projecting Hydro's revenues at the end of the fiscal year will jump from the initial $120 million forecast to an estimated $585 million, which it attributes to higher water levels and increased export prices.