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Manitoba Hydro

Manitoba Hydro
Company nameManitoba Hydro
Company typeCrown Corporation
IndustryElectricity generation, transmission and distribution
Natural gas distribution
Founded 1961
HeadquartersWinnipeg, Manitoba
Area servedManitoba
Key peopleRobert B. Brennan, President & CEO
ProductsElectricity, Natural gas
Revenue$C2,053 (FY 2010)
Net income$C163 (FY 2010)
Total assets$C12,437 (FY 2010)
Total equity$C2,524 (FY 2010)
Owner(s)Province of Manitoba
Employees6,201 (FY 2010)

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Manitoba Hydro is the electric power and natural gas utility in the province of Manitoba, Canada. Founded in 1961, it is a provincial Crown Corporation, governed by the Manitoba Hydro-Electric Board and the Manitoba Hydro Act. Today the company operates 15 interconnected generating stations. It has more than 527,000 electric power customers and more than 263,000 natural gas customers. Since most of the electrical energy is provided by hydroelectric power, the utility has low electricity rates. Stations in Northern Manitoba are connected by a HVDC system, the Nelson River Bipole, to customers in the south. The internal staff are members of the Canadian Union of Public Employees Local 998 while the outside workers are members of the International Brotherhood of Electrical Workers Local 2034.

Manitoba Hydro headquarters in the downtown Winnipeg Manitoba Hydro Tower officially opened in 2009.

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