Manitoba Hydro expects its long-term debt to climb to twenty-five billion dollars over the next five years.
The Crown corporation's annual report says it didn't make as much in income last year, and projects the income loss to continue next year as well. The report also noted that efforts to restructure the utility and reduce costs are a couple of reasons for the drop in year-to-year income.
The biggest expenses for the utility include the Bipole III line, as well as rebuilding or replacing aging poles and substations, and work on the Keeyask Generating System, which is halfway done.
Manitoba Hydro's current debt load is now above nineteen billion dollars.
